Rikhav Securities IPO Details
The Rikhav Securities IPO is a book build issue with a total issue size of ₹88.82 cr, comprising of fresh issue of 8328000 equity shares., and a offer for sale of 2000000 equity shares. Rikhav Securities IPO opened for subscription on Jan 15, 2025 and closed on Jan 17, 2025. Rikhav Securities IPO is set price band at ₹82 to ₹86 per share, with a lot size of 1600 shares. Minimum investment for Retail investors was ₹275,200.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jan 20, 2025, and listed on both the NSE and BSE on Jan 22, 2025.
MUFG Intime India Private Limited has been appointed as the registrar. Smart Horizon Capital Advisors Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Rikhav Securities IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 82 – 86
- Lot Size
- 1600
- Issue Size
- ₹88.82 Cr
- Minimum Investment
- ₹275200 (3200 Shares)
- Listing Date
- 22 January 2025
Current GMP
₹96 (+111.63%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
- Smart Horizon Capital Advisors Private Limited
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 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.
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 per share.
Rikhav Securities IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹275200 based on the upper price band
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.
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.
Rikhav Securities IPO issue size is ₹88.82 crores.
Rikhav Securities IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.