Rashi Peripherals IPO bought 59.71 times on final day, QIB leads subscription

Rashi Peripherals IPO closes with robust subscription

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26 Aug, 2025 12:21

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The Rashi Peripherals IPO saw strong buying interest from all categories of investors, with qualified institutional buyers leading the subscription numbers on February 9, the final day of bidding.

The Rs 1,600-crore public issue was subscribed 59.71 times as investors bought 85.01 crore equity shares against the IPO size of 1.42 crore equity shares.

Qualified institutional buyers picked 143.66 times the allotted quota, and non-institutional investors (high networth individuals) bid 62.75 times the portion set aside for them, while the part set aside for retail investors was subscribed 10.44 times.

Rashi Peripherals, an information and communication technology products distributors for global technology brands in India, targetted to raise Rs 600 crore through its initial public offering which comprised of only a fresh issue component.

Also read: Hyundai picks JP Morgan, Citi and HSBC as advisors for mega IPO of India arm

The price band for the offer was Rs 295-311 per share.

The Mumbai-based company will spend fresh issue money mainly for repaying debts, working capital requirements, and general corporate purposes.

Rashi Peripherals will finalise the basis of allotment of IPO shares by February 12 and the successful investors will get the company's shares in their demat accounts by February 13.

Its equity shares will be available for trading on the bourses with effect from February 14.

Also read: Entero Healthcare Solutions IPO: 10 things to know before subscribing to the Rs 1,600-crore issue

Rashi IPO shares attracted healthy premium in the grey market, trading at around 24 percent premium over the upper price band, analysts said on conditions of anonymity. The grey market is an unofficial platform for trading in IPO shares till the listing.