The Rashi Peripherals IPO concluded on February 9th, 2024, receiving overwhelming investor interest with a subscription of 62.95 times. Now, the wait begins for applicants wondering if their bids were successful. Whether you applied for a piece of this IT distribution giant or are simply curious about the IPO’s progress, this blog post has everything you need to know.
- IPO Allotment Status: Check your allotment status on February 12th through Link Intime India’s website or the registrar’s platform.
- Grey Market Premium (GMP): As of February 12th, GMP stands at Rs. 75, indicating a potential 24% listing gain. Remember, GMP is unofficial and does not guarantee actual listing price.
- Listing Date: Mark your calendars for February 14th, when Rashi Peripherals is expected to debut on the BSE and NSE alongside Capital Small Finance and Jana Small Finance Bank.
Checking Your Rashi Peripherals IPO Allotment:
The suspense ends on February 12th, the official allotment date. Here’s how you can check if your application was successful:
- Link Intime India Website: Visit https://linkintime.co.in/MIPO/Ipoallotment.html and follow the instructions. Select “Rashi Peripherals Limited” from the drop-down menu and enter your PAN, application number, DP ID, or client ID.
- Registrar’s Platform: Visit the registrar’s website (details yet to be confirmed) and follow the specific instructions provided for Rashi Peripherals IPO allotment status check.
Understanding GMP and Its Implication:
The Grey Market Premium (GMP) is an unofficial indicator of the premium a stock might trade at on its listing day compared to its issue price. While not entirely reliable, a positive GMP like Rashi Peripherals’ Rs. 75 hints at a potential listing gain of 24%. However, remember that GMP is based on speculation and market sentiment, and the actual listing price may differ significantly.
Rashi Peripherals IPO: Key Details and Expectations:
The Rs. 600 crore IPO attracted heavy investor interest with a 62.95 times subscription. The company offers IT products distribution with a pan-India network, positioning itself as a key player in the growing tech sector. While the final subscription numbers are higher than initially estimated, experts believe the strong response reflects optimism about the company’s future prospects.
Listing Day and Beyond:
February 14th marks the much-anticipated listing of Rashi Peripherals on the BSE and NSE alongside other IPOs. While GMP suggests a positive opening, the actual performance will depend on market conditions and investor sentiment on listing day. For those who received allotment, remember the long-term investment perspective and do your own research before making any decisions.