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    Stressed return ratios a drag on Rashi Peripherals

    Synopsis

    Incorporated in 1989, Mumbai-headquartered RPL is a national distributor for 52 global technology brands through 50 sales and service centres and 63 warehouses across India. It covers various stages including pre-sales, technical support, marketing services, credit solutions and warranty management. It has two business verticals including personal computing, enterprise and cloud solutions (PES), and lifestyle and IT essentials (LIT).

    Rashi Peripherals (RPL), a distributor of IT and communication products, plans to raise Rs 600 crore through a fresh equity issue to repay loan and fund working capital needs. The promoter group’s stake will fall to 63.4% after the IPO from 89.7%. It reported a sharp drop in net profit and a slower revenue growth in FY23 year-on-year after a robust performance in FY22 led by a surge in remote working during the pandemic period. Its return ratios
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    The Economic Times