Rashi Peripherals’ Rs.600-Cr IPO subscribed 6.3 times

The initial public offer (IPO) of Rashi Peripherals has been subscribed 6.32 times so far on the final day of the issue. The retail portion was subscribed 5.47 times. The non-institutional investors' (NIIs) portion was booked 15.72 times while the qualified institutional buyers' (QIBs) portion was subscribed 0.75 times.The issue is a completely fresh equity issue of INR 600 crore. Ahead of the issue opening, the company raised INR 180 crore from anchor investors, including White Oak Capital, Ashoka India, ICICI Prudential, and Volrado Ventures.Rashi Peripherals is a national distribution partner for global technology brands in India.