Rashi Peripherals files Rs 750 crore IPO papers with SEBI
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Rashi Peripherals has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise as much as Rs 750 crore through an initial public offering (IPO).
Of the IPO proceeds, funds worth Rs 400 crore will be utilised for payment of debt and Rs 200 crore for funding working capital requirements and general corporate purposes. JM Financial and ICICI Securities are the book running lead managers to the offer. The equity shares are proposed to be listed on BSE and NSE.
Mumbai-based Rashi Peripherals is a national distributor of information and communications technology products for brands like ASUS Global, Dell International Services India, HP India Sales and Lenovo India.
