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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Repayment or prepayment of borrowings
Part of the fresh issue proceeds are earmarked to repay or prepay certain outstanding debt of the company.
Funding working capital requirements
A portion of the proceeds will fund the company's ongoing working capital needs, consistent with its working-capital-intensive distribution business.
General corporate purposes
The remaining proceeds are earmarked for general corporate purposes.
(₹ in Crore)
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Rashi Peripherals Limited is a value added distributor of technology products in India, operating since 1989. The company distributes products from global technology brands spanning consumer electronics, embedded systems, semiconductors and enterprise IT solutions, and supports these brands with pre-sales, technical support, marketing, credit facilitation and warranty management services. Over more than three decades of operations, the company has built a national distribution network that has moved close to 300 million units of technology products between fiscal 2002 and September 2022. Its business model depends heavily on partnerships with global technology brands, with a large majority of its revenue derived from a small set of principal brand relationships, alongside a growing share of sales routed through online marketplaces. As a distributor rather than a manufacturer, the company operates on relatively thin gross margins and has at times reported negative operating cash flows, making working capital management and vendor relationships central to its financial performance. Its scale and long operating history in ICT product distribution position it among the established players in India's technology hardware distribution market, competing alongside other national value added distributors such as Redington India.
The company raised about Rs 180 crore from anchor investors on February 6, 2024, allotting roughly 57.9 lakh shares at the upper price band of Rs 311 per share to a group of institutional investors including Ashoka India Equity Investment Trust, WhiteOak Capital, ICICI Prudential Mutual Fund, Volrado Venture Partners Fund, Bandhan Mutual Fund, Bajaj Allianz Life Insurance, Aditya Birla Sun Life Insurance, SBI General Insurance Company, Singularity Growth Opportunities Fund and Authum Investment and Infrastructure.
Source: RHP • Analysis provided for informational purposes
Last Updated: 17 July 2026, 5:30 AM
Long operating history and scale
The company has distributed technology products across India for over three decades, building deep relationships with global technology brands and a wide distribution footprint.
National distribution network
Its established logistics and channel network has moved hundreds of millions of units over the years, positioning it as one of the larger value added distributors in the country.
Diversified product portfolio
The company distributes products across consumer electronics, embedded systems, semiconductors and enterprise IT, reducing dependence on any single product category.
Value added services
Beyond distribution, the company provides technical support, marketing, credit facilitation and warranty management, deepening its role with both brands and channel partners.
Concentration in a few brand partnerships
A large share of revenue comes from a small number of global technology brands, so any disruption to these relationships or their supply could materially affect the business.
Dependence on partner brand strength
The company's performance is tied to how well its partner brands maintain their own reputation and product quality, factors largely outside its control.
Thin margins
As a distribution business, gross margins are low, so small swings in revenue, costs, bad debts or interest expense can have an outsized effect on profitability.
Rashi Peripherals Limited
Ariisto House, 5th Floor, Junction of N.S. Phadke Road, Telli Gali, Andheri (E), Mumbai 400 069, Maharashtra, India
View on Maps →MUFG Intime India Private Limited
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Reliance on online marketplaces
A meaningful part of operations is linked to a few online marketplaces, and changes in their policies or practices could affect the company's business.
History of negative cash flows
The company has periodically reported negative operating cash flows, which could constrain its ability to fund operations and growth if the pattern continues.