Rashi Peripherals Limited IPO Message Board (Page 14)

SBI BHIM fail ho gaya mandate accept nahi ho raha.

Same issue in idbi bank of upi mandate getting failed.Who will compensate for lost opportunity .sebi should enact rules for such issues.

Faced failed issue with Kotak and hence almost stopped using UPI and converted mostly to asba only

Offtopic.

For Kotak ASBA HUF registration, i've submitted beneficiary registration form offline, but still after 2 weeks, beneficiary is not added.
Anyone has experience with kotak asba for huf?

​@shahsd It is added immediately after providing them physical form from branch itself so check with your branch it should have been done same day.... Mine added at the time of submission in my presence only.

Applied ff

Bhni - 12
Shni - 8

Atleast 2-3 should be allotted in BHni.
All the best 👍🏻

​@Abhii VPG Thanks in advance
And all the best for you 😊

Recently apee
Nill in all accounts 😭

I don't know why my posted final subscription Figures are not visible here.
I have tried here and in jana small. Detail

it is visible sir. 5 pm one right?

Bhai log.....
Kon se BHAGWAN ki pooja karne se Shni mei allotment miltha hai.

Kripiya vitaar poorwak jawab de, pichle 6+mahine se 1 bhi allotment nahi mila.
(0/9) shni application.

Bhni 6
Retail 6

​@Chhote Lal Sir, unhii saraswathi ji ko prasann karne k liye (Information on STOCKS) hum iss site pe aate hai, humare taraf se prasann karne ki koshish puri jarri hai. Ab tho lakshmi ji thodi c kriya humpe bhi kar le, ussi khuab mei bete hai.

Applied 2 SHNI

Allotted 1 / 2 SHNI

how many applications and which bank

Hi, Can someone share fix application rates & Subject to allotment rates of Bhni application of Jana, Capital & Rashi ?

Fix heard for BHNI

Rashi 3200
Jana 3000
No rate for capital

Applying here from all accounts....

​@lokes ur post shifted me from retail to sHNI.

​@lokes  Applied all accounts.
4 hni and 1 retail
Wish good luck to all

Those who are applying, react here.
👍

​@diwan kapoor Ji....Our msg timing are same and hence i havn't read your msg before comment.

​@The Nest Yup applied📜. And best of luck🍀 with the allotments🎲. 😃✌️

Very good numbers by QIB

Majority over here gave preference to Rashi compared to other two IPOs closing today. Appears QIB waley bhi CG forum ke messages dekhte hain 😉😊

83-85 🔥🔥🔥

Yes i just heard 85 in Ahmedabad.. Local source

JUST TRUST MAMU...99% HE IS ✅️

Aaj SBI nay yah proof kar diya ki wo eak MAHAAAAAN BANK hi.
SBI BHIM may my mandate may mandate tho show kar raha
But Accept mandate may no mandate at this time show kar raha.
Bhaiya ji 🙏

​@IPO guro Arrey thoda jaldi apply karna tha na, weekend pe SBI walon ka lunchtime der tak chalta hai 😉😊

On a lighter note - In college I tried for a girl Rashi to be my GF, but she did not agree. Hope this time Rashi will say yes to me :-)

​@manojIPO  I am sure that you must have got Blue Chip with better future 😜 , hope so !!
I can think of only this Rashi and none else, that too after retirement, my frnd 😀😀

​@manojIPO @Rakcyt 
Jinki 'rashi' mein yeh rashi ka yog ban raha hai, unhe milne ke chance jyada hain, provided khoob sari dhan 'rashi' laga di ho 😉

*JANA SFB*

Approx break up applications :
09-02-2024 @5.00pm
As per NSE average

HNI above 10L - 14,842(5.56x)

HNI 2-10L ~26,945(20.20x)

Retails - ~6,63,733(5.08x)

*CAPITAL SFB*

HNI above 10L - ~1,671(0.67x)

HNI 2-10L ~6,340(5.08x)

Retails - ~2,61,409(2.14x)

*RP TECH*

HNI above 10L - ~43,719(15.23x)

HNI 2-10L ~69,013(48.09x)

Retails - ~13,95,467(9.92x)

📝Subscription Figures📝
9-2-2024 @ 04:09:17 PM

*Rashi Peripherals Limited*
QIB => *151.45*
HNI => *65.96*
HNI Large => *74.51*
HNI Small => *48.87*
Retail => *10.47*
Total => *62.64*

Retail Apps : *14,18,980* (Approx)
App Wise : *10.09* (Approx)

Approx HNI Apps
HNI Small: 66,641 (46.44x)
HNI Large: 41,122 (14.32x)

*Jana Small Finance Bank Limited*
QIB => *39.81*
HNI => *26.03*
HNI Large => *28.73*
HNI Small => *20.64*
Retail => *5.46*
Employee => *1.97*
Total => *19.09*

Retail Apps : *6,64,530* (Approx)
App Wise : *5.08* (Approx)

Approx HNI Apps
HNI Small: 26,154 (19.61x)
HNI Large: 14,513 (5.44x)

*Capital Small Finance Bank Limited*
QIB => *6.86*
HNI => *4.22*
HNI Large => *3.63*
HNI Small => *5.40*
Retail => *2.55*
Total => *4.14*

Retail Apps : *2,62,221* (Approx)
App Wise : *2.15* (Approx)

Approx HNI Apps
HNI Small: 6,396 (5.13x)
HNI Large: 1,742 (0.7x)

Applied through UPI
Jana SFB
Capital SFB
Rashi peripherals

will take final decision to accept mandate after 4pm

Jana SFB ---- Accepted Mandate

Capital SFB ---- Skipped

Same Rashi FF, Jana 1 retail, Capital-skipped.

​@somaya Ji please post application wise number??

Rashi Peripherals IPO
Final Verdict

Apply For Reasonable Listing Gains And Long-term

Highlights of the Issue :

Date : 7-9 Feb
Price Band : 295-311
M.cap : 2050 cr
Size : 600 cr ( Full Fresh)

Objects of the Issue :
(Including 150 cr Pre-IPO)
1.Repayment Of Debt - 476 cr
2.Funding Working Capital - 220 cr
3.GCP - 54 cr
Analysis :
1.Total Debt On Books - 1395 cr
Remaining Post-issue - 920 cr

Saving An Interest Cost of Around 42 cr
( Averagely 8.8% Interest Rate )

2.The Working Capital Requirements will be Fulfilled From IPO Money , Hence Future Requirements of New Debt will Reduce And The Intenal Accruals will be Strong To Funds Additional Needs Of Capital
Resulting Into Higher Operational Efficiencies

Forward Earnings Projections :
FY 23 Rev - 9469 cr
FY 24 :
H1 - 5473 cr
H2 - 5800 cr*

The Company has Grew At A CAGR Of 23% in last 20 yrs , But I personally don't expect that This CAGR To Be Sustainable So Cutting the Growth to 18% , H2 is a Bit stronger For The Company

So ,
FY 24 PAT :
H1 - 72 cr
H2 - 90 cr*
( Taking PAT Margins At 1.55% )

FY 25 :
Revenue - 13300 cr
PAT - 240 cr
( PAT Margin of 1.8% Due to Lower Interest Costs And Operational Leverage )

Giving it a Multiple of 12.5× on FY 25 Earnings

Target - 455
Upside Of 46%

The Multiple Can Be Streched To 14 Times
But Giving A Trading Company A Multiple Above 14 is Incorrect

Negatives :
1.Negative Cash Flows And It will take Atleast 4-6 quarters to Go Positive

2.The Debt Post-issue is still 920 cr which will still hamper its Margins

3.Tax Liabilities From Authorities , Any Stand Against The Company Can Be A Big Financial Disaster in Future

@newgen consultancy thanks 🙏 sir ji . Going FF in Rashi

Applied with FF

omg QIB 150 times really never expected

Out of Topic , (Intimation)
BAJAJ AUTO BUYBACK
TENTATIVE DATES: To be announced soon
Record Date : 20 - 22Feb.
Tender Date : 28Feb - 5 March.