Rashi Peripherals is a company that sells IT products. They are going to sell shares to the public for the first time, and the price for each share will be between Rs 295 and Rs 311.
The total value of the shares they want to sell is Rs 600 crore.
People who want to invest in this can do so from February 7 to February 9.
Big investors, called anchor investors, can start investing on February 6. The company plans to sell 1.93 crore new shares through the IPO to raise money.
This is not about selling existing shares. The money they collect from this will be used to pay off debts, cover daily expenses, and for general company needs.
For those who want to invest, they will need to buy a minimum of 48 shares at a cost of at least Rs 14,928.
A single investor can buy up to 13 sets of these shares at once. The shares will be allocated on February 12,
and they are expected to be available for trading on BSE-NSE by February 14.
In the gray market, where unofficial trading happens before the official listing, the IPO is being sold at a higher price of Rs 25.
This suggests that when the shares are officially listed, they might be priced at Rs 311. This could give investors a profit of around 8 percent.
