Rashi Peripherals IPO allotment status is set to be finalised on Monday, February 12. On the final day of the offering, the IPO garnered substantial interest, with a subscription of 59.71 times.

If you applied for the IPO, here is how you can check the Rashi Peripherals IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Rashi IPO allotment status

1. Visit the registrar's website.
2. Click on "Company Selection" and choose "Rashi Peripherals" from the dropdown menu.
3. Then you can enter your PAN, application number, or Demat.
4. Enter the captcha and click Submit to retrieve the Rashi IPO allotment status

Checking IPO Allotment Status on BSE:

1. Go to the BSE website.
2. Click on the ‘Equity' section and select "Rashi Peripherals" from the dropdown menu.
3. Enter your application number or PAN.
4. Click on the ‘Search' button.
5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Rashi IPO allotment status will be visible.

See Also: Zomato Delivered Lucknow’s Galouti Kebab In Gurgaon In 30 Mins — Now It’s Getting Sued

Rashi Peripherals IPO Subscription Status

The qualified institutional buyer portion witnessed exceptional demand, with a subscription 143.66 times, while non-institutional investors’ subscriptions stood at 62.75 times. Retail investors also demonstrated some interest, resulting in a subscription of 10.43 times. Bids were received for 85.01 crore equity shares against the 1.42 crore shares available.

Rashi Peripherals IPO Details

The Mumbai-based company’s IPO which commenced on February 7 and concluded on February 9, offered shares within a price band of ₹295 to ₹311 per share. Established in 1989, Rashi Peripherals Limited specializes in distributing global technology brands in India, primarily focusing on Information and Communication Technology (ICT) products. The company provides value-added services encompassing pre-sales support, technical assistance, marketing services, credit solutions, and warranty management services.

Ahead of the IPO opening, Rashi Peripherals successfully raised ₹180 crore from institutional investors on February 6 through an anchor book launch. Notable participants in the anchor book included Ashoka India Equity Investment Trust, Whiteoak Capital, ICICI Prudential Mutual Fund, Volrado Venture Partners Fund, and Bandhan Mutual Fund.

Rashi Peripherals IPO GMP

The Rashi Peripherals IPO GMP is reported at ₹75 per share. It is a slight decline from the ₹83 IPO GMP reported on February 9, when the Rashi Peripherals IPO closed. Taking the upper band of the IPO, the stock is expected to list at ₹386, indicating around 24% premium on listing. It is important to note that while IPO GMPs can provide some insight into market sentiment towards an IPO, it's not always a reliable predictor of the stock's performance on listing. Shares of Rashi Peripherals are scheduled for listing on stock exchanges on February 14.

Read Next: Five Star Business CFO Confident Of Closing FY24 On A High On Back Of Improved Disbursals