Rashi Peripherals IPO

Rashi Peripherals is a distribution partner for global technology brands in India, specialising in information and communications technology (“ICT”) products. The company distributes ICT products and initially began its operations by manufacturing peripherals. Rashi Peripherals operates primarily in two business verticals.

The first vertical is- Personal computing, enterprise, and cloud solutions (“PES”), which distributes personal computing devices, enterprise solutions, embedded designs/products, and cloud computing services. Under the second vertical- Lifestyle and IT Essentials (“LIT”), the company distributes a range of products, including components like graphic cards, CPUs, motherboards, storage and memory devices, lifestyle peripherals, power equipment, and networking and mobility devices.

The company also offers end-to-end services, including pre-sale activities, solutions design, technical support, marketing services, credit solutions, and warranty management services.

Rashi Peripherals IPO Strengths

• The company is a leading and fastest-growing Indian distribution partner for information and communications technology products.
• It has a Pan-India and multi-channel distribution.
• The company enjoys long-term relationships with the marquee global technology brands.
• Diversified and comprehensive product portfolio and solutions.
• It has a scalable business model supported by an advanced technology stack.
• A strong financial and operational track record.
• Experienced Promoters and professional senior management team.

Rashi Peripherals IPO Risks

• The company is dependent on global technology brands effectively maintaining, promoting or developing their brands.
• It has low gross margins.
• The business is subject to product liability claims.
• The company has reported negative cash flows.
• Its EBITDA Margin has been decreasing.
• Operates in a highly competitive industry.
• The company has significant credit exposure to its Channel Partners and other customers, and negative trends in their businesses can impact the company.