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.
Rashi Peripherals IPO: The company has fixed a price band of Rs 295-311 per share and investors can bid for a minimum of 48 shares and in multiples thereafter. It proposes to use the net proceeds for repayment of debt, funding working capital requirements and the rest for general corporate purposes.