Rashi Peripherals IPO: Ahead of the IPO opening, the company has raised Rs 180 crore from anchor investors, where White Oak Capital, Ashoka India, ICICI Prudential, Volrado Ventures among others invested. Analysts advised investors to subscribe to the issue as the company has a good financial track record and robust distribution network and can benefit from the overall industry outlook, which is positively poised.
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.