Rashi Peripherals IPO subscribed 59x on final day

The Initial Public Offering of Rashi Peripherals Limited was subscribed 59.71 times on the final day of bidding.

The IPO (Initial Public Offering) of Rashi Peripherals Limited was subscribed 59.71 times on the final day of bidding.

The issue received bids of 85,01,61,120 shares against the offered 1,42,37,289 equity shares, at a price band of ₹295-311, according to the data available on the stock exchanges.

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Qualified Institutional Buyer Portion and Non-Institutional Investors Portion was subscribed 143.66 times and 62.75 times respectively. Retail Portion was subscribed with 10.44 times.

Kapal Pansari, Managing Director of Rashi Peripherals Limited on the last day of subscription said, “We extend our heartfelt gratitude to all our valued investors. Your trust and support have been instrumental in our journey, and we’re excited for the opportunities that lie ahead. Thank you for being an essential part of our growth story.”

JM Financial Limited and ICICI Securities Limited are the book running lead managers to the Offer.