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Rikhav Securities Limited IPO (Rikhav Securities Limited IPO) Details

Rikhav Securities Limited

Rikhav Securities Limited IPO's overview

Rikhav Securities Limited IPO is a book built issue of ₹88.82 Cr (88,82,08,000). The issue is a combination of fresh issue of 83.28 Lakh (83,28,000) shares aggregating to ₹71.62 Cr (71,62,08,000) and offer for sale of 20.00 Lakh (20,00,000) shares aggregating to ₹17.20 Cr (17,20,00,000).

Rikhav Securities Limited IPO is open for subscription on Jan 15, 2025 and closes on Jan 17, 2025. The allotment for Rikhav Securities Limited IPO is expected to be finalized on Jan 20, 2025. The shares will list on NSE, BSE with tentative listing date fixed as Jan 22, 2025.

Rikhav Securities Limited IPO price band is set at ₹82 to ₹86 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹1.31 Lakh (1,31,200).

Refer to Rikhav Securities Limited IPO DRHP for detailed information.

  • IPO date

    Jan 15,2025 - Jan 17,2025

  • Listing Date

    Jan 22,2025

  • Face value

    ₹5

  • Price Band

    ₹82 to ₹86 per share

  • Lot

    ₹1600 Shares

  • Total Issue Size

    1.03 Cr (1,03,28,000)

    aggregating up to ₹88.82 Cr (88,82,08,000)

  • Fresh Issue

    83.28 Lakh (83,28,000)

    aggregating up to ₹71.62 Cr (71,62,08,000)

  • Offer for sale

    20.00 Lakh (20,00,000)

    aggregating up to ₹17.20 Cr (17,20,00,000)

  • Issue Type

    Book Building

  • IPO Type

    SME

  • Listing At

    NSEBSE

  • Pre Issue Size

    3.00 Cr (2,99,64,000)

  • Post Issue Size

    3.83 Cr (3,82,92,000)

  • Wed, Jan 15, 2025

    IPO Open

  • Fri, Jan 17, 2025

    IPO Close

  • Mon, Jan 20, 2025

    Basis of Allotment

  • Tue, Jan 21, 2025

    Initiation of Refunds

  • Tue, Jan 21, 2025

    Credit of Shares to Demat

  • Wed, Jan 22, 2025

    Listing

Rikhav Securities Limited IPO Day-wise IPO GMP Trend

Rikhav Securities Limited IPO last GMP is ₹90, last updated Jan 21,2025. With the price band of 86.00, Rikhav Securities Limited IPO's estimated listing price is ₹176 (cap price + today's GMP).The expected percentage gain/loss per share is 104.65%.

DateIPO PriceGMPEstimated Listing PriceLast Updated
21-Jan-2586.0090
176(104.65%)21-Jan-2025 16:01
20-Jan-2586.0093
179(108.14%)20-Jan-2025 22:31
19-Jan-2586.00100
186(116.28%)19-Jan-2025 22:25
18-Jan-2586.0090
176(104.65%)18-Jan-2025 22:30
17-Jan-2586.0085
171(98.84%)17-Jan-2025 22:28
16-Jan-2586.0085
171(98.84%)16-Jan-2025 22:24
15-Jan-2586.0070
156(81.40%)15-Jan-2025 22:24
14-Jan-2586.0070
156(81.40%)14-Jan-2025 22:27
13-Jan-2586.0065
151(75.58%)13-Jan-2025 22:27
12-Jan-2586.000
86(0.00%)12-Jan-2025 22:26
11-Jan-2586.000
(0.00%)11-Jan-2025 05:03

Rikhav Securities Limited IPO Lot Size

ApplicationLotsSharesAmount

Retail(Min)

11,600₹1.38 Lakh (1,37,600)

Retail(Max)

11,600₹1.38 Lakh (1,37,600)

SHNI(Min)

23,200₹2.75 Lakh (2,75,200)

Rikhav Securities Limited IPO Financial Information (Restated Consolidated)

LabelSep 30, 2024Mar 31, 2024Mar 31, 2023Mar 31, 2022
Assets33,791.4930,206.8218,772.0118,070.69
Revenue9,615.8311,134.265,452.434,298.31
Profit After Tax5,037.324,264.631,910.27 1,762.47
Net Worth18,845.0613,807.749,496.217,585.94
Reserves and Surplus17,346.8612,309.547,998.017,086.54
Total Borrowing2,598.064,806.11994.271,506.12
Rikhav Securities Limited Financial Information

About Rikhav Securities Limited

Incorporated: 1995
Industry: Financial Services

Business Description

Rikhav Securities Limited is a leading financial services company in India, offering a comprehensive range of services including brokerage, investing, and banking services. The company is registered with SEBI as a stockbroker and holds memberships with key exchanges such as:

  • BSE Limited (BSE)
  • National Stock Exchange of India (NSE)
  • Multi Commodity Exchange (MCX)

Rikhav Securities caters to both retail and high-net-worth clients, offering online and digital platforms to ensure ease of access and seamless service delivery.

Services Offered

  1. Equity Broking:

    • Cash delivery
    • Intra-day trading
    • Futures and options

  2. Derivative and Commodity Trading:

    • Participation in multiple derivative and commodity segments.

  3. Trade Settlements:

    • Acts as a Self-Clearing Member of the Indian Clearing Corporation and NSE Clearing to ensure smooth settlement of trades.

  4. IPO Participation:

    • Assists clients in participating in Initial Public Offerings (IPOs).

  5. Depository Services:

    • Provides demat account services for seamless management of securities.

  6. Mutual Fund Advisory:

    • Guides clients through various mutual fund investment options.

  7. Market-Making Activities:

    • Played a pivotal role in helping 66 companies list on SME platforms through market-making services.

Operational Highlights

  1. Digital Integration:

    • Offers financial services through robust online and digital platforms.

  2. Employee Strength:

    • Employs 394 personnel as of September 30, 2024, managing daily operations, legal, administrative, and accounting functions.

  3. Client Base:

    • Serves both regular and high-net-worth clients with customized solutions.

Financial Performance (FY24)

  • Revenue: ₹104.16 crore
  • Growth: Revenue in FY24 surpassed that of the previous two years, reflecting consistent financial success.

Competitive Strengths

  1. Client Relationships:

    • Long-term relationships with a diverse client base.

  2. Integrated Financial Platform:

    • End-to-end financial services, from broking to advisory and trade settlements.

  3. Experienced Management Team:

    • Proven execution capabilities and deep industry knowledge.

  4. Market Leadership in SME Listings:

    • Instrumental in facilitating SME listings and market-making activities.

  5. Technological Edge:

    • Leveraging technology to provide seamless and secure trading experiences.

Strategic Goals

  1. Expand Digital Services:

    • Enhance the digital trading experience to attract tech-savvy investors.

  2. Client Base Growth:

    • Focus on acquiring more high-net-worth and institutional clients.

  3. Diversify Offerings:

    • Broaden the range of financial products and services to meet evolving market demands.

  4. Strengthen Market Presence:

    • Further solidify leadership in SME listings and market-making services.

Conclusion

With a strong foundation in brokerage and financial services, Rikhav Securities Limited continues to be a trusted partner for investors. The company’s focus on innovation, client relationships, and seamless trade execution positions it as a key player in the Indian financial market.

Rikhav Securities Limited IPO's documents

Rikhav Securities Limited Contact Details

B – Wing, Office No. 501 & 502, O2 Commercial Building,
Asha Nagar Park Road, Mulund West, Mumbai – 400 080
Phone: +91 022 – 69078300
E-mail: [email protected]
Website: www.rikhav.net

Rikhav Securities Limited IPO's Promoters

The promoters of the company are Mr. Hitesh Himatlal Lakhani, Mr. Rajendra N Shah, Ms. Bharti Hitesh Lakhani, Ms. Vaishali R Shah, Mr. Deep Hitesh Lakhani, Mr. Monil Rajendra Shah, and M/S. Hitesh Himatlal Lakhani HUF.

Rikhav Securities Limited IPO Registrar

Link Intime India Private Ltd

Phone:

+91-22-4918 6270

Email:

[email protected]

Website:

https://linkintime.co.in/Initial_Offer/public-issues.html