RASHI PERIPHERALS LISTING
Shares worth $21 billion to enter market in 4 months as IPO lock-in period expires for 66 companies
66 companies are set to see the lock-in period for pre-listing shareholders lifted between March 4 and June 29. This amounts to $21.1 billion in value terms. The value pertains to the total lock-up opening shares, but not all the shares may be sold, as a sizable portion is also held by promoters and group entities
Rashi Peripherals sees a positive listing on the bourses. Should you hold or exit?
Despite a premium listing, the muted opening was due to the highly competitive market environment in which the company is operating and also the current market sentiments.
Rashi Peripherals stock debuts at 8% premium over issue price
The issue closed on February 9 and was completely a fresh equity issue of Rs 600 crore. Ahead of the issue opening, the company raised Rs 180 crore from anchor investors, where White Oak Capital, Ashoka India, ICICI Prudential, Volrado Ventures among others invested.
Rashi Peripherals shares to list tomorrow. What GMP signals ahead of debut?
The IPO of Rashi Peripherals was subscribed nearly 60 times at close, driven by heavy bidding from non-institutional investors. Most analysts were positive on the issue as the company has a good financial track record and robust distribution network.
Rashi Peripherals IPO allotment: Check status, GMP, listing date and other details
Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website.
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As the third quarter earnings are about to end, inflows into the primary market are expected to continue as several companies prepare to launch their public offerings this week.
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Last leg of Q3 earnings among 5 factors to dictate Nifty mood this week
Led by the downside in private bank stocks, Nifty slipped 0.33% lower and broadly consolidated in the 21,600–22,000 range during the week. PSU banks outshined with SBI leading with a 12% upside in just five days.
IPO Calendar: Primary market to breathe easy with only 2 IPOs scheduled next week
The Street will see a flurry of listings, four of them in the mainboard segment. Three IPOs of Rashi Peripherals, Jana SFB and Capital SFB opened last week and closed for subscription. The listings of these three public offers are scheduled for next week.
Good to see newer companies getting listed, but need to be selective: Dinshaw Irani
Our belief is that going forward, it will be the finance segment which has been not doing too well of late because the heavyweights are not doing too well. But as I said that, it is mainly because of the liquidity constrain in the market today that they are not able to perform so well. I think RBI also cognizant of the fact that maybe we will see some kind of easing of liquidity in the near future, so that should help the banking sector
Rashi Peripherals IPO opens on Wednesday: Price band, offer size, GMP among 10 things to know before subscribing
Rashi Peripherals IPO will open for subscription from February 7 to February 9. Rashi Peripherals is a fast-growing distribution partner for global technology brands in India, offering value-added services. The IPO is a fresh equity issue of Rs 600 crore, with a price band of Rs 295-311 per share.
IPO calendar: Rashi Peripherals, Park Hotels among 5 issues to raise about Rs 2,700 cr next week
Four mainboard IPOs along with one SME issue are set to be launched next week to raise as much as Rs 2,700 crore via the primary market. The mainboard offers include Park Hotels, Jana SFB, Capital SFB, and Rashi Peripherals. The lone SME issue is Alex Solar. Additionally, 25 draft offer documents are under process with Sebi, with 30 companies already receiving a green signal to raise over Rs 30,000 crore. The IPOs of Park Hotels, Rashi Peripherals, Capital SFB, and Jana SFB will open for public subscription from February 5-7, February 7, February 7, and February 7 respectively.
Rashi Peripherals files DRHP to raise Rs 750 cr via IPO
According to the draft papers, the public issue with a face value of Rs 5 per equity share consists of a complete fresh issue of shares of Rs 750 crore with no offer-for-sale component.Of the proceeds from its fresh issuance, Rs 400 crore will be utilised for prepayment/repayment of all or a portion of outstanding borrowings availed by the company, and Rs 200 crore will be used to fund working capital requirements and general corporate purposes.
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