Rashi Peripherals, Mumbai-based IT solutions provider has filed draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise Rs 750 crore through an initial public offering (IPO). There is no offer for sale component as the IPO is entirely a fresh issue of equity shares.
As per DRHP, the company will use net proceeds from the fresh issue to repay/ pre-pay debt, meeting working capital requirements and other general corporate purposes.
The company is also considering to raise around Rs 150 crore through private placement of equity shares. If it do so, the fresh issue size will be reduced accordingly.
As of September 2022, Rashi Peripherals has debt of more than Rs 1000 crore. Its revenue from operations grew 57.19% from Rs 5,925.05 crore in fiscal 2021 to Rs 9,313.44 crore in fiscal 2022. However, profit after tax grew 33.85% to Rs 182.51 crore for fiscal 2022 against Rs 136.35 crore for fiscal 2021.
Rashi Peripherals was incorporated in the year 1989 is operating two verticals through 50 branches and 62 warehouses, covering 730 locations in India, as of September 2022.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.