Tuesday, September 23, 2025
No Result
View All Result
patriotfinancial.net
  • Home
  • Mortgage
  • Real Estate
  • Financial
  • Stocks
  • Investing
  • Markets
  • Startups
  • Trading
  • Personal Finance
  • Home
  • Mortgage
  • Real Estate
  • Financial
  • Stocks
  • Investing
  • Markets
  • Startups
  • Trading
  • Personal Finance
No Result
View All Result
patriotfinancial.net
No Result
View All Result

Rashi Peripherals IPO opens on Wednesday. What GMP signals ahead of subscription

February 6, 2024
in Financial
Reading Time: 2 mins read
0 0
A A
0
Home Financial
Share on FacebookShare on Twitter

[ad_1]

Ace investor Madhu Kela-backed Rashi Peripherals IPO will open for subscription on Wednesday. Forward of the difficulty opening, the corporate’s shares are buying and selling with a GMP of Rs 70 within the unlisted market.

The IPO is solely a contemporary fairness situation of Rs 600 crore with no offer-for-sale element. About 50% of the difficulty is reserved for certified institutional consumers, 15% for non-institutional bidders, and 35% for retail traders.

Rashi Peripherals has fastened a value band of Rs 295-311 per share and traders can bid for at least 48 shares and in multiples thereafter.

The corporate proposes to make use of the online proceeds for compensation of debt, funding working capital necessities and the remainder for common company functions.

Forward of the IPO, the corporate has raised Rs 150 crore, underneath which Madhu Kela acquired shares price Rs 50 crore.

Madhuri Kela, the spouse of ace investor Madhusudan Kela, acquired 16.07 lakh shares price Rs 50 crore at Rs 311 apiece.Rashi Peripherals is among the fastest-growing distribution companions for world know-how manufacturers in India by way of income development between FY21-23.The corporate differentiates itself by providing end-to-end value-added providers reminiscent of pre-sale actions, options design, technical assist, advertising and marketing providers, credit score options and guarantee administration providers. As of September 2023, it’s a nationwide distribution companion for 52 world know-how manufacturers.

RPTech goals to develop its geographic presence in non-metro cities, which incorporates Tier-I and Tier-II cities and different rural geographies which have gotten centres of consumption for ICT merchandise reminiscent of private computer systems, smartphones, web units, networking units, in response to the Technopak Report.

Within the six months ended September 2023 interval, Rashi Peripherals’s income from operations grew 9% year-on-year to Rs 5,467 crore, whereas internet revenue elevated 7% to Rs 72 crore.

JM Monetary and ICICI Securities are the book-running lead managers to the supply.

(Now you can subscribe to our ETMarkets WhatsApp channel)

(What’s transferring Sensex and Nifty Monitor newest market information, inventory suggestions and professional recommendation, on ETMarkets. Additionally, ETMarkets.com is now on Telegram. For quickest information alerts on monetary markets, funding methods and shares alerts, subscribe to our Telegram feeds .)

Obtain The Financial Instances Information App to get Day by day Market Updates & Stay Enterprise Information.

Subscribe to The Financial Instances Prime and skim the Financial Instances ePaper On-line.and Sensex Immediately.

Prime Trending Shares: SBI Share Value, Axis Financial institution Share Value, HDFC Financial institution Share Value, Infosys Share Value, Wipro Share Value, NTPC Share Value

[ad_2]

Source link

Tags: AheadGMPIPOopensPeripheralsRashisignalsSubscriptionWednesday
Previous Post

Eli Lilly beats profit forecast amid soaring weight-loss drug demand By Investing.com

Next Post

Isaac Health Raises $5.7M for its End-to-End Platform for Dementia Care – AlleyWatch

Related Posts

March CPI higher than expected, housing prices rise
Financial

March CPI higher than expected, housing prices rise

April 15, 2025
Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push
Financial

Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push

April 15, 2025
IndusInd Bank notes Rs 1,979 cr hit to net worth due to derivatives lapse, impact to reflect in FY25
Financial

IndusInd Bank notes Rs 1,979 cr hit to net worth due to derivatives lapse, impact to reflect in FY25

April 15, 2025
UniCredit gains German cartel office nod for Commerzbank stake hike
Financial

UniCredit gains German cartel office nod for Commerzbank stake hike

April 15, 2025
Dolly Khanna adds over 5 lakh shares in this smallcap stock, raises stake to 2.18%
Financial

Dolly Khanna adds over 5 lakh shares in this smallcap stock, raises stake to 2.18%

April 15, 2025
Japan’s population falls by half million as birth rate stays low
Financial

Japan’s population falls by half million as birth rate stays low

April 15, 2025
Next Post
Isaac Health Raises .7M for its End-to-End Platform for Dementia Care – AlleyWatch

Isaac Health Raises $5.7M for its End-to-End Platform for Dementia Care – AlleyWatch

Earnings Summary: Highlights of Centene Corp’s Q4 2023 financial results | AlphaStreet

Earnings Summary: Highlights of Centene Corp’s Q4 2023 financial results | AlphaStreet

The Impact of Mobile Banking on Consumer Spending Habits – MoneyPiP

The Impact of Mobile Banking on Consumer Spending Habits - MoneyPiP

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Activist Oasis suggests three steps to build shareholder value at embattled Kobayashi Pharmaceutical

Activist Oasis suggests three steps to build shareholder value at embattled Kobayashi Pharmaceutical

August 13, 2024
M S Swaminathan, scientist who made India self-sufficient in food dies

M S Swaminathan, scientist who made India self-sufficient in food dies

September 28, 2023
Snouts, muddy puddles and British accents: How Peppa Pig became a global cultural phenomenon—and a .7 billion business franchise

Snouts, muddy puddles and British accents: How Peppa Pig became a global cultural phenomenon—and a $1.7 billion business franchise

June 1, 2024
Azerbaijan’s SOCAR to buy Tamar stake from Aaron Frenkel

Azerbaijan’s SOCAR to buy Tamar stake from Aaron Frenkel

February 1, 2025
Value at Risk (VaR) Calculation: Formulas, Portfolio Tools, and Methods in Python and Excel

Value at Risk (VaR) Calculation: Formulas, Portfolio Tools, and Methods in Python and Excel

February 9, 2025
Renting vs. Buying a Home: 55 Pros and Cons

Renting vs. Buying a Home: 55 Pros and Cons

March 5, 2025
FHFA rolls out mortgage fraud tip line

FHFA rolls out mortgage fraud tip line

April 15, 2025
March CPI higher than expected, housing prices rise

March CPI higher than expected, housing prices rise

April 15, 2025
Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push

Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push

April 15, 2025
Just Listed | 5150 N Ocean Drive #1201

Just Listed | 5150 N Ocean Drive #1201

April 15, 2025
Former Tesla supply chain leaders create Atomic, an AI inventory solution | TechCrunch

Former Tesla supply chain leaders create Atomic, an AI inventory solution | TechCrunch

April 15, 2025
IndusInd Bank notes Rs 1,979 cr hit to net worth due to derivatives lapse, impact to reflect in FY25

IndusInd Bank notes Rs 1,979 cr hit to net worth due to derivatives lapse, impact to reflect in FY25

April 15, 2025

Get the latest news and follow the coverage of Mortgage and Real Estate, Financial. Stocks, Investing, Trading and more from the trusted sources.

CATEGORIES

  • Financial
  • Investing
  • Markets
  • Mortgage
  • Personal Finance
  • Real Estate
  • Startups
  • Stock Market
  • Trading
Please enable JavaScript in your browser to complete this form.
Loading

LATEST UPDATES

  • FHFA rolls out mortgage fraud tip line
  • March CPI higher than expected, housing prices rise
  • Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Terms and Conditions
  • Cookie Privacy Policy
  • Contact us

Copyright © 2023 patriotfinancial.net.
patriotfinancial.net is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Mortgage
  • Real Estate
  • Financial
  • Stocks
  • Investing
  • Markets
  • Startups
  • Trading
  • Personal Finance

Copyright © 2023 patriotfinancial.net.
patriotfinancial.net is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In