Rashi Peripherals IPO: The Good and The Bad

About the company

Rashi Peripherals distributes tech products, such as CPUs, storage devices, fitness trackers, etc., across India for leading global tech brands.

IPO details

Post IPO

Financial history

Key ratios

The positives

High market share. It has a market share of 47 per cent in GPU distribution and 45 per cent in CPU distribution in India.

The positives

Client relationships. In the six months ending September 30, 2023, it derived 78 per cent of its revenue from clients associated with the company for over 10 years.

The negatives

Its business is closely tied to its clients’ business health. For example, deterioration in the market reputation of any of its clients will impact demand.

The negatives

Customer stickiness. The number of non-retained customers has increased by 23 per cent annually during FY21-FY23. The tech distribution segment is highly competitive.

Risk report

Was the company's operating cash flow positive during the last three years? No. It has not generated positive cash flows in any of the last three financial years.

To read the complete risk report, visit vro.in