Rashi Peripherals IPO GMP today
Rashi IPO GMP or grey market premium is +85. This indicates Rashi Peripherals share price were trading at a premium of ₹85 in the grey market.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Rashi Peripherals share price was indicated at ₹396 apiece, which is 27.33% higher than the IPO price of ₹311.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
Rashi Peripherals IPO Review
Swastika Investmart Ltd
The brokerage claims that even though Rashi Peripherals is a well-known and rapidly expanding Indian reseller of international ICT brands. Some major concerns, nevertheless, need to be carefully considered. Because Rashi Peripherals depends on other vendors and channel partners, it is subject to outside influences that are not under its direct control. Scrutiny is also warranted given its very low gross margins when compared to industry peers.
“The IPO valuation of 10.54x P/E appears fully priced on a current basis. While the company's future growth potential and the positive industry outlook are encouraging thus we recommend Subscribe rating for this IPO," the brokerage said. Read more:
