Rashi Peripherals IPO Allotment: The initial public offering (IPO) of Rashi Peripherals Ltd received an enthusiastic reception from investors. The company’s maiden issue witnessed an overwhelming subscription rate, closing at nearly 60 times the offer, with significant interest from non-institutional investors. Rashi Peripherals IPO allotment finalisation is expected to be announced on February 12.
Investors can check their allotment status either on the website of the Bombay Stock Exchange (BSE), or the registrar Link Intime’s website.
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Rashi Peripherals IPO Allotment Status: Check Online
To check Rashi Peripherals IPO allotment status, follow these steps:
Step 1: Go to the BSE website: https://www.bseindia.com/investors/appli_check.aspx
Step 2: Select “Equity” as the issue type.
Step 3: From the company name dropdown, select Rashi Peripherals Limited.
Step 4: Enter your application number or PAN.
Step 5: Click on “I’m Not a Robot” and then “Submit” to view the allotment status.
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Alternatively, to verify the allotment status through the IPO’s registrar, Link InTime India, follow these instructions:
1. Go to the Link InTime India’s website: https://linkintime.co.in/Initial_Offer/public-issues.html
2. Choose Rashi Peripherals IPO from the dropdown menu options.
3. Submit your PAN details and initiate a search to see your status.
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Rashi Peripherals IPO GMP
Rashi Peripherals IPO is currently commanding a GMP in the range of Rs 70-75. The company is anticipated to debut on the stock market on February 14.
Prior to the IPO, Rashi Peripherals concluded a pre-IPO placement wherein it issued 48.23 lakh shares to select investors, including Madhu Kela, a certain stake in the company.
For the six months ending in September 2023, the company reported a 9 per cent increase in revenue year-over-year, reaching Rs 5,467 crore, while net profit rose by 7 per cent to Rs 72 crore.
The net proceeds from the IPO are earmarked for debt repayment, financing working capital needs, and covering general corporate expenses.
