Rikhav Securities IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Wed, 15 Jan 2025
Close Date
Fri, 17 Jan 2025
Price Band
₹ 82 – 86
Lot Size
1600
Issue Size
₹ 88.82 Cr
Minimum Investment
₹ 275,200 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Rikhav Securities IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹88.82 Crore, comprising a fresh issue of 83.28 Lakh equity shares aggregating to ₹71.62 Crore and an offer for sale (OFS) of 20.00 Lakh equity shares aggregating to ₹17.20 Crore by the existing shareholders.
The Rikhav Securities IPO remained open for subscription from January 15, 2025, to January 17, 2025. The basis of allotment was finalized on January 20, 2025, and the company's shares were listed on BSE SME Platform on January 22, 2025.
The company had fixed the price band at ₹82 to ₹86 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹275,200 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Smart Horizon Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Rikhav Securities Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Rikhav Securities IPO Timeline (Tentative)
- IPO Open Date
- Wed, 15 Jan 25
- IPO Close Date
- Fri, 17 Jan 25
- Basis of Allotment
- Mon, 20 Jan 25
- Initiation of Refunds
- Tue, 21 Jan 25
- Credit of Shares to Demat
- Tue, 21 Jan 25
- Listing Date
- Wed, 22 Jan 25 — NSE & BSE
Open Date
15 January 2025
Close Date
17 January 2025
Basis Of Allotment
20 January 2025
Listing Date
22 January 2025
IPO Subscription
Check Live Subscription →The Rikhav Securities IPO has received bids for 2,11,36,99,200 shares against 74,08,000 shares offered, resulting in an overall subscription of 285.33x. the NII category is subscribed 455.32x, Retail Investors 251.36x, and QIBs 170.92x.
QIB
170.92x
NII
455.32x
RII
251.36x
Total
285.33x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 34,48,000 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 19,55,200 shares (0%), while Non-Institutional Investors (NIIs) receive 20,04,800 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 2,920,000 | 0% |
| Market Maker | 524,800 | 0% |
| Qualified Institutions | 1,955,200 | 0% |
| Non-Institutional | 2,004,800 | 0% |
| Retail Investors | 3,448,000 | 0% |
| Total | 10,328,000 | 0% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 33791.49 | 30206.82 | 18772.01 | 18070.69 |
| Revenue | 9615.83 | 11134.26 | 5452.43 | 4298.31 |
| Profit After Tax | 5037.32 | 4264.63 | 1910.27 | 1762.47 |
| Net Worth | 18845.06 | 13807.74 | 9496.21 | 7585.94 |
| Reserve & Surplus | 17346.86 | 12309.54 | 7998.01 | 7086.54 |
| Total Borrowings | 2598.06 | 4806.11 | 994.27 | 1506.12 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Rikhav Securities Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 36.6 |
| ROCE % | 29.48 |
| Debt / Equity | 0.35 |
| RoNW % | 30.89 |
| Pat Margin % | 40.94 |
Peers Comparison
No Peer Comparision Available
About Rikhav Securities Limited
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:
- Stock Broking
- Depository Services
- Market Making
- Mutual Fund Distribution
- IPO Application.
Rikhav Securities IPO Promoters
- Mr Hitesh Himatlal Lakhani
- Mr Rajendra N Shah
- Ms Bharti Hitesh Lakhani
- Ms Vaishali R Shah
- Mr Deep Hitesh Lakhani
- Mr Monil Rajendra Shah
- M/s. Hitesh Himatlal Lakhani HUF
Promoters Holding
Holding Pre Issue
90.55%
Holding Post Issue
65.63%
Rikhav Securities IPO Objective
The company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:
- 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 Limited Address / Contact Details
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
Rikhav Securities IPO Lot Size
The Rikhav Securities IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹1,37,600 by applying for 1 lot (1,600 shares). The maximum application allowed for the retail category is 1 lots (1,600 shares), requiring an investment of ₹1,37,600.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | 137,600.00 |
| Retail (Max) | 1 | 1,600 | 137,600.00 |
| S-HNI (Min) | 2 | 3,200 | 275,200.00 |
Issue Reservation
Book Running Lead Managers
- Smart Horizon Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Rikhav Securities IPO?
Rikhav Securities IPO is a Book-building IPO with a total issue size of ₹88.82 crore. The Rikhav Securities IPO price band is ₹82 to 86 per share. The Rikhav Securities IPO subscription opens on Wed, Jan 15, 2025, and closes on Fri, Jan 17, 2025. The Rikhav Securities IPO will be listed on the BSE. MUFG Intime India Private Limited is the registrar for the Rikhav Securities IPO.
When will the Rikhav Securities IPO open for subscription?
The Rikhav Securities IPO opens on Wed, Jan 15, 2025 and closes on Fri, Jan 17, 2025
What is Rikhav Securities IPO Price Band?
Rikhav Securities IPO Price Band is ₹82 to 86 per share.
What is Rikhav Securities IPO Lot Size?
Rikhav Securities IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹275200 based on the upper price band
What is the minimum investment for Rikhav Securities IPO?
The minimum investment for Rikhav Securities IPO is ₹275200, based on one lot of 1600 shares at the upper price band of ₹86 per share.
How to apply for Rikhav Securities IPO?
Investors can apply for the Rikhav Securities IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Jan 17, 2025. The application amount remains blocked until the Rikhav Securities IPO allotment is finalized.
What is Rikhav Securities IPO Issue Size?
Rikhav Securities IPO issue size is ₹88.82 crores.
What is the Rikhav Securities IPO Allotment Date?
Rikhav Securities IPO allotment date is Mon, Jan 20, 2025.
Who is the Rikhav Securities IPO Registrar?
The registrar for Rikhav Securities IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Rikhav Securities IPO allotment status, refund processing, and other IPO-related information.
What is the Rikhav Securities IPO GMP?
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 111.63% over the issue price.
Who is the Rikhav Securities IPO Lead Manager?
The book-running lead managers (BRLMs) for the Rikhav Securities IPO are Smart Horizon Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Rikhav Securities IPO Red Herring Prospectus (RHP).