Rikhav Securities IPO
Rikhav Securities is a BSE SME IPO listed on the BSE SME platform, priced at ₹82–₹86 per share. The stock debuted at ₹163.4, delivering a listing gain of 90.0%. The IPO had a lot size of ₹1600 shares and a minimum investment of ₹1,37,600.
Rikhav Securities Limited IPO
- IPO Dates
- Jan 15, 2025 – Jan 17, 2025
- Price band
- ₹82-86 per equity share
- Minimum Investment
- ₹1,37,600
- Issue size
- ₹88.82 Cr
- Lot size
- 1600
- Allotment Date
- Jan 20, 2025
- Listing
- Jan 22, 2025
- Listing At
- BSE SME
IPO timeline
-
Jan 15, 2025
Open Date
Completed
-
Jan 17, 2025
Close Date
Completed
-
Jan 20, 2025
Allotment Date
Completed
-
Jan 22, 2025
Listing Date
Completed
Rikhav Securities IPO Essentials
Rikhav Securities IPO Details
Rikhav Securities IPO is priced at ₹82-86 per share with a total issue size of 88.82 crore. The IPO has a lot size of 1600 shares and is listed on BSE SME.
- Issue price
- ₹82-86 per equity share
- Lot size
- 1600 shares
- Face value
- ₹5 Per Equity Share
- Issue size
- 1,03,28,000 shares(aggregating up to ₹88.82 Cr)
- Total issue size
- 1,03,28,000 shares
(aggregating up to ₹88.82 crore) - Fresh issue
- 83,28,000 shares
(aggregating up to ₹71.62 crore) - Offer for sale (OFS)
- 20,00,000 shares
(aggregating up to ₹17.2 crore) - Listing at
- BSE SME
- List price
- 163.4
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Smart Horizon Capital Advisors Private Limited
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,37,600 |
| Retail(max) | 1 | 1600 | ₹1,37,600 |
| NII (min) | 2 | 3200 | ₹2,75,200 |
Rikhav Securities IPO Reservation
Rikhav Securities IPO reservation details show category-wise allocation of shares. Out of the total 1,03,28,000 shares, approximately 18.93% are reserved for QIB, 14.33% for NII, 33.38% for retail investors, 5.08% for market maker, and 28.27% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 29,20,000 (28.27%) | |
| Market Maker Shares Offered | 5,24,800 (5.08%) | |
| QIB Shares Offered | 19,55,200 (18.93%) | |
| NII (HNI) Shares Offered | 14,80,000 (14.33%) | |
| Retail Shares Offered | 34,48,000 (33.38%) | |
| Total Shares Offered | 1,03,28,000 (100%) |
Rikhav Securities IPO Analytics
Rikhav Securities IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Rikhav Securities IPO Subscription Status
Rikhav Securities IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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 |
Rikhav Securities Valuations
Earnings
- EPS Pre IPO
- ₹14.23/-
- EPS Post IPO
- ₹26.31/-
- P/E Pre IPO
- 6.04
- P/E Post IPO
- 3.27
Returns
- ROE
- 36.60%
- ROCE
- 29.48%
- RoNW
- 30.89%
- PAT Margin
- 40.94
Fundamentals
- Debt / Equity
- 0.35
- Price / Book
- 1.87
Rikhav Securities Financials( In Lakhs)
| 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 |
Rikhav Securities Company & Offer Insights
About Rikhav Securities
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)
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 are the company's promoters of Rikhav Securities.
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
Rikhav Securities IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Rikhav Securities Limited | 14.23 | 14.23 | 46.08 | N/A | 30.89 | 1.87 | Consolidated |
| Alacrity Securities Ltd | 5.43 | 5.43 | 21.37 | 29.09 | 25.42 | 3 | Consolidated |
| Angel One Limited | 134.21 | 131.81 | 361.7 | 20.94 | 37.04 | 8.43 | Consolidated |
| Share India Securities Ltd | 25.41 | 21.83 | 91.23 | 13.96 | 24.37 | 17.68 | Consolidated |
| Pune E - Stock Broking Ltd | 11.04 | 11.04 | 81.33 | 16.68 | 9.77 | 1.47 | Consolidated |
Notes:
- The figures for the company are based on Restated Consolidated Financial Statements for the year ended March 31, 2024, after considering the bonus issue and split of shares.
- The P/E Ratio has been computed based on their respective closing market price on January 07, 2025, as divided by the Basic EPS as of March 31, 2024.
- Restated Profit for the year attributable to equity shareholders divided by Net Worth of our Company.
- Net asset value per equity share is calculated as net worth as of the end of the relevant year divided by the weighted average number of equity shares outstanding at the end of the year.
Contact Information
Contact Details
Rikhav Securities
022 - 69078300
Office No. 922 - A, 9th Floor, P. J. Towers, Dalal Street, Fort, Mumbai - 400001
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Rikhav Securities IPO is a book-built IPO worth ₹88.82 crore. The price band is ₹82–₹86 per share. The IPO opens on Jan 15, 2025 and closes on Jan 17, 2025. It will be listed on BSE SME Platform. Link Intime India Private Ltd is the registrar.
The price band of Rikhav Securities IPO is ₹82 to ₹86 per share.
The lot size of Rikhav Securities IPO is 1600 shares.
The minimum investment for Rikhav Securities IPO is approximately ₹1,37,600 based on the upper price band .
Rikhav Securities IPO opens on Jan 15, 2025 and closes on Jan 17, 2025.
The allotment date of Rikhav Securities IPO is Jan 20, 2025.
Rikhav Securities IPO is expected to be listed on Jan 22, 2025, on BSE SME Platform.
Rikhav Securities IPO valuation snapshot: P/E 3.27, EPS ₹26.31/-, P/B 1.87, RoNW 30.89%, and market cap N/A.
To apply for Rikhav Securities IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Rikhav Securities IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Rikhav Securities IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Rikhav Securities IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Rikhav Securities IPO allotment status on IPO Ji for quick and easy access.