Rikhav Securities Limited IPO
BSE SMEListed On: Jan 22, 2025 at ₹ 163.4
₹ 275200 /3200 Shares
*Min Investment
15 Jan, 2025
Open Date17 Jan, 2025
Close Date20 Jan, 2025
Allotment Date22 Jan, 2025
Listing DateRikhav Securities IPO Issue Details
- Issue Price ₹82-86 per equity share
- Face Value ₹5 Per Equity Share
- Total Issue Size 1,03,28,000 shares(aggregating up to ₹88.82 crore)
- Fresh Share 83,28,000 shares(aggregating up to ₹71.62 crore)
- Offer For Sale 20,00,000 shares(aggregating up to ₹17.2 crore)
- Listing at BSE SME
- List Price 163.4
- Listing Date 2025-01-22
- Lead Manager Smart Horizon Capital Advisors Private Limited
- Registrar Link Intime India Private Ltd
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 offers total 1,03,28,000 shares. Out of which 19,55,200 (18.93%) allocated to QIB, 14,80,000 (14.33%) allocated to NII,34,48,000 (33.38%) allocated to RII, NA (NA%) allocated to employees and 29,20,000 (28.27%) allocated to 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 Details
Rikhav Securities Limited IPO is an SME IPO, priced at ₹82-86 per equity share. The equity shares have a face value of ₹5 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 1,03,28,000 equity shares, aggregating up to ₹88.82 crores..
The IPO bidding window is open from Jan 15, 2025 to Jan 17, 2025. The allotment is expected to be finalized on Jan 20, 2025, and the tentative listing date is Jan 22, 2025.
The minimum lot size for retail investors is 1600 shares, with a minimum investment of ₹1,37,600. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,75,200.
Smart Horizon Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Shreni Shares Limited will act as the market maker for this issue.
Rikhav Securities IPO Subscription Analysis And Details
| 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
Rikhav Securities Company Financials
| 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 Rikhav Securities 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)
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
Pre Issue Share Holding : 90.55%
Post Issue Share Holding : 65.63%
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 Details
Rikhav Securities
Office No. 922 - A, 9th Floor, P. J. Towers, Dalal Street, Fort, Mumbai - 400001
022 - 69078300
Registrar Contact Details
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Rikhav Securities Limited IPO is 1,03,28,000 shares(aggregating up to ₹88.82 Cr).
Ans. The Rikhav Securities Limited IPO price band is set between ₹82-86 per equity share.
Ans. To apply for Rikhav Securities Limited 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 Rikhav Securities Limited IPO allotment status online.
