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Rikhav Securities IPO

Open Sme
BSE 15 January - 17 January 2025
Rikhav Securities Limited IPO is a book build issue of 88.82 Cr. The issue is a combination of fresh issue of 8328000 shares aggregating to 71.62 Cr and offer for sale of 2000000 shares aggregating to 17.2 Cr. Rikhav Securities Limited IPO opened for subscription on Jan 15, 2025 and closed on Jan 17, 2025. The allotment for the this IPO was finalized on Jan 20, 2025. IPO was listed on NSE and BSE on Jan 22, 2025. Rikhav Securities Limited IPO is set issue price band at ₹82 to ₹86 per share.

Current GMP

₹96 (+111.63%)

Price Band

₹ 82 – 86

Lot Size

1600

Issue Size

₹88.82 Cr

Minimum Investment

₹275200 (3200 Shares)

Listing Date

22 January 2025

Subscription

285.33x

About the Company

Rikhav Securities Limited (RSL), founded in 1995, is a prominent player in equity broking, investing, and trading. It holds memberships with BSE, NSE, and MCX, and is registered with SEBI. RSL offers a broad range of financial services, including equity broking (cash delivery, intra-day trading, futures, and options), market making, IPO participation, and depository services. It is also involved in proprietary investments, focusing on arbitrage opportunities.

The company operates via digital platforms and a network of Authorized Persons (APs) who help acquire and service clients. RSL has over two decades of experience, serving both retail and high-net-worth clients with customized financial solutions. The company has embraced technology, launching a mobile app and implementing digital KYC in 2020, to enhance client engagement and streamline processes.

Rikhav Securities has also been a Market Maker since 2012, providing liquidity for newly listed companies on stock exchanges, particularly in the SME segment. It generates revenue through fixed fees from market-making activities, brokerage fees, and other trading operations.

The company is led by experienced promoters, including Mr. Hitesh Himatlal Lakhani and Mr. Rajendra N Shah, who bring over 15 years of industry expertise. RSL plans to expand its operations, improve its trading platforms, and focus on market-making and retail broking to drive growth and increase market presence.

Rikhav Securities' main business verticals are:

  1. Stock Broking
  2. Depository Services
  3. Market Making
  4. Mutual Fund Distribution
  5. IPO Application.

Promoters

  1. Mr Hitesh Himatlal Lakhani
  2. Mr Rajendra N Shah
  3. Ms Bharti Hitesh Lakhani
  4. Ms Vaishali R Shah
  5. Mr Deep Hitesh Lakhani
  6. Mr Monil Rajendra Shah 
  7. M/s. Hitesh Himatlal Lakhani HUF
Promoters Holding

Holding Pre Issue

90.55%

Holding Post Issue

65.63%

Objects of the Issue

The company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:

  1. Funding the incremental working capital requirements;
  2. Funding of capital expenditure requirements of the company towards the purchase of IT Software, Computers and Laptops:
  3. General corporate purposes

Address / Contact Info

Rikhav Securities Limited
Office No. 922 - A, 9th Floor,
P. J. Towers, Dalal Street,
Fort, Mumbai - 400 001,
Maharashtra, India.

Phone: 022 - 69078300
Email: investor@rikhav.in
Website: https://www.rikhav.net/

IPO Snapshot

Face Value₹5 per share
Price Band₹ 82 – 86
Lot Size1600
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 71.62 Cr
Offer for Sale₹ 17.20 Cr
Total Issue Size₹ 88.82 Cr
Listing AtBSE
Industry
Sector
QIB Quota0%
Retail Quota0%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Rikhav Securities IPO is a Book-building IPO worth ₹88.82 crores. The price band is ₹82 to 86 per share. The IPO opens on Wed, Jan 15, 2025 and closes on Fri, Jan 17, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.

The Rikhav Securities IPO opens on Wed, Jan 15, 2025 and closes on Fri, Jan 17, 2025

Rikhav Securities IPO Price Band is ₹82 to 86.

Rikhav Securities IPO lot size is 1600, and the minimum amount required for application is ₹275200.

The minimum investment for Rikhav Securities IPO is approximately ₹275200 based on the upper price band.

To apply for the Rikhav Securities IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Jan 17, 2025. After submission, funds are blocked until the basis of allotment of Rikhav Securities IPO is finalised.

Rikhav Securities IPO issue size is ₹88.82 crores.

Rikhav Securities IPO allotment date is Sat, Jun 27, 2026.

The registrar for Rikhav Securities IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Rikhav Securities IPO through their official website or helpline.

The Rikhav Securities IPO GMP (Grey Market Premium) is ₹96 as of Wed, Jan 22, 2025. Based on the upper price band of ₹86 per share, the estimated Rikhav Securities IPO listing price is ₹182, indicating a potential listing gain of approximately 31% over the issue price.