Rikhav Securities Limited IPO

BSE SME

Listed On: Jan 22, 2025 at ₹ 163.4

₹ 137600 /1600 Shares

Check Allotment

Rikhav Securities IPO Details

15 Jan, 2025

Open Date

17 Jan, 2025

Close Date

20 Jan, 2025

Allotment Date

22 Jan, 2025

Listing Date

Issue Price

₹82-86 per equity share

Face Value

₹5 Per Equity Share

Listing at Group

BSE SME

Registrar

Link Intime India Private Ltd

List Price

163.4

Listing Date

2025-01-22

Market Lot

1600 Shares (₹137,600/-)

Lead Manager

Smart Horizon Capital Advisors Private Limited

Issue Size

1,03,28,000 shares(aggregating up to ₹88.82 Cr)

Retail Portion

35%

Subscription

307.00 times

IPO Docs

DRHP RHP

The IPO of Rikhav Securities is priced at ₹82-86 per equity share, which has a face value of ₹5 Per Equity Share each. The company shall list its equity shares on BSE SME. Link Intime India Private Ltd is the registrar of the issue.

Rikhav Securities IPO bid opening date is from Jan 15, 2025 and the bid closing date was Jan 17, 2025.
Rikhav Securities IPO allotment result will be available on Jan 20, 2025. The tentative listing date for Rikhav Securities is Jan 22, 2025.

The total issue size is 1,03,28,000 shares(aggregating up to ₹88.82 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	19,55,200 / 14,80,000	34,48,000	68,83,200
Day 1 - 15-01-25 06:00 PM	0.00 / 7.57 x	13.66 x	8.47 x
Day 2 - 16-01-25 06:00 PM	0.87 / 28.42 x	59.41 x	36.12 x
Day 3 - 17-01-25 06:00 PM	170.92 / 616.42 x	251.36 x	307.00 x

Total No. of Applications: 8,69,941 (Approx)

Rikhav Securities Valuations

EPS Pre IPO

₹14.23/-

EPS Post IPO

₹26.31/-

P/E Pre IPO

6.04

P/E Post IPO

3.27

ROE

36.60%

ROCE

29.48%

Debt/Equity

0.35

RoNW

30.89%

PAT Margin

40.94

Price to Book Value

1.87

Rikhav Securities Company Financials All values are in ₹ Lakh

	30-Sep-24	31-Mar-24	31-Mar-23	31-Mar-22
Assets	33,791.49	30,206.82	18,772.01	18,070.69
Revenue	9,615.83	11,134.26	5,452.43	4,298.31
Profit After Tax	5,037.32	4,264.63	1,910.27	1,762.47
Net Worth	18,845.06	13,807.74	9,496.21	7,585.94
Reserves & Surplus	17,346.86	12,309.54	7,998.01	7,086.54
Total Borrowing	2,598.06	4,806.11	994.27	1,506.12

About The Company

Established in 1995, Rikhav Securities Limited is one of India's premier financial services companies with brokerage, investment, and banking facilities.

This SEBI-registered stockbroker belongs to various exchanges of BSE Ltd, NSE, and MCX.

The list of services that are being offered to its customers in this company, which includes: Equity broking, Cash Delivery, intra-day trading, futures, options, etc.

The company deals in different derivative and commodity segments. Being a Self-Clearing Member of the Indian Clearing Corporation and NSE Clearing, the company ensures hassle-free settlement of trades. Rikhav Securities facilitates its clients in subscribing to an IPO and also offers depository services for demat accounts.

As mutual fund advisors, the company advises clients about their investment alternatives.

The company is also involved in market-making.

Rikhav Securities - Promoter(s)

Pre Issue Share Holding: 90.55%

Post Issue Share Holding: 65.63%

Company Promoter(s)

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 IPO - Issue Objectives

Funding the incremental working capital requirements
Funding of capital expenditure requirements of the company towards the purchase of IT Software, Computers and Laptops
General corporate purposes

Other Details

Company Contact Details

Rikhav Securities

Office No. 922 - A, 9th Floor, P. J. Towers, Dalal Street, Fort, Mumbai - 400001

Phone: 022 - 69078300

Email: investor@rikhav.in

Website: https://www.rikhav.net/

Registrar Contact Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: rikhav.smeipo@linkintime.co.in

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

Rikhav Securities IPO - FAQs

Ans. Rikhav Securities Limited IPO is a SME IPO. The issue is priced at ₹82-86 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Jan 15, 2025, and closes on Jan 17, 2025. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Rikhav Securities Limited IPO opens on Jan 15, 2025 and closes on Jan 17, 2025.

Ans. The size of Rikhav Securities Limited IPO is 1,03,28,000 shares(aggregating up to ₹88.82 Cr).

Ans. The IPO price band is set between ₹82-86 per equity share.

Ans. To apply for Rikhav Securities Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Rikhav Securities Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Rikhav Securities Limited IPO is Jan 20, 2025.

Ans. The Rikhav Securities Limited IPO will be listed on Jan 22, 2025.

Ans. Follow the steps to check the allotment status for Rikhav Securities Limited IPO here.