Rashi Peripherals IPO
IT Distribution - Listed on 14 February 2024
Rashi Peripherals IPO listing summary
Rashi Peripherals (IT Distribution) closed its IPO window in 2024 and listed on NSE and BSE on 14 February 2024 at an upper band issue price of Rs 311, opening at Rs 339.5 for a listing gain of +9.2% and closing day one at Rs 321.5 (+3.4% on closing basis). The IPO was subscribed 59.71x overall - QIB 143.66x, HNI/NII 62.75x, Retail 10.44x. The total issue size was Rs 600 Cr (Fresh Issue Rs 600 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Rashi Peripherals IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 70 | +19.29% |
| Day 2 | Rs 75 | +24.12% |
| Day 3 | Rs 80 | +25.72% |
| Day 4 | Rs 82 | +24.12% |
| Day 5 | Rs 75 | +26.37% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Rashi Peripherals IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Rashi Peripherals IPO - FAQs
What was the listing gain of Rashi Peripherals IPO?
Rashi Peripherals IPO listed at +9.2% versus the upper issue price of Rs 311 on 14 February 2024.
How many times was Rashi Peripherals IPO subscribed?
Rashi Peripherals IPO was subscribed 59.71x overall. QIB portion was subscribed 143.66x, HNI / NII 62.75x and Retail 10.44x.
What was the IPO GMP for Rashi Peripherals?
IPO GMP started at Rs 70 on Day 1 and moved to Rs 75 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.