Rashi Peripherals IPO
Rashi Peripherals Limited (RPTECH) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 14 February 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +26.3% (likely range +14% to +65%), day's high +48.3%, chance of a gain 97%. Actual: +9.2% at the open, +10.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 40,67,796 | 58,43,90,736 | 144x | |
| NII (HNI) total | 30,50,848 | 19,14,44,160 | 62.8x | |
| Big NII (above ₹10 lakh) | 20,33,898 | 14,37,48,672 | 70.7x | |
| Small NII (₹2-10 lakh) | 10,16,950 | 4,76,95,488 | 46.9x | |
| Retail | 71,18,645 | 7,43,30,400 | 10.4x | |
| Total | 1,42,37,289 | 85,01,65,296 | 59.7x |
Bids on NSE and BSE together, as published by NSE, as of 09 Feb 2024, 07:00 PM. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Rashi Peripherals's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| IKIO LightingJun 2023 | 164x | 63.4x | 13.9x | 66.3x | ₹615 Cr | +37.7% | +50.0% |
| SBFC FinanceAug 2023 | 193x | 49.1x | 11.0x | 70.2x | ₹1,082 Cr | +43.9% | +67.5% |
| Innova CaptabDec 2023 | 117x | 64.9x | 17.1x | 55.3x | ₹577 Cr | +0.9% | +21.1% |
| Senco GoldJul 2023 | 181x | 65.0x | 15.5x | 73.4x | ₹427 Cr | +35.6% | +40.1% |
| INOX IndiaDec 2023 | 148x | 53.2x | 15.3x | 61.3x | ₹1,459 Cr | +43.9% | +50.0% |
| Harsha Engineers InternationalSep 2022 | 178x | 71.3x | 17.6x | 74.7x | ₹794 Cr | +36.4% | +59.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial | 109 | +22.8% | 75% |
| ICICI Securities | 109 | +21.3% | 69% |
Offer documents (NSE)
Frequently asked
What is the Rashi Peripherals IPO price band and lot size? ₹295–311 per share, with a lot of 48 shares, so the smallest retail bid is ₹14,928.
How many times has it been subscribed? 59.7x overall: QIB 144x, NII 62.8x, retail 10.4x.
How did it list? It opened at ₹340, +9.2% against the issue price of ₹311, and closed its first day +3.4%.
