Rashi Peripherals IPO

Rashi Peripherals IPO Excites Investors with Successful Listing

Rashi Peripherals IPO received overwhelming response from investors and debuted with a premium. Learn more about this exciting IPO.

Rashi Peripherals IPO garnered significant attention as experts predicted a premium listing of around 20%. The issue was oversubscribed by a whopping 62.95 times during the bidding period, reflecting strong investor interest. Shares debuted with a single-digit premium, indicating a positive market response to the ₹600 crore issue. Proceeds from the IPO are earmarked for debt repayment and working capital, positioning the company for future growth.

Amid great anticipation, Rashi Peripherals shares listed at a 9% premium to the IPO price, showcasing a successful market entry. Grey market premiums also hinted at a potential listing gain, further boosting investor confidence. The tech brand, known for distributing global technology products, witnessed a promising stock market debut, with shares opening at ₹339.5 on the NSE and ₹335 on the BSE.

Interesting Facts: - Rashi Peripherals, a key player in the tech distribution industry - IPO received a grey market premium, signaling strong market interest