Rikhav Securities Limited IPO (Rikhav Securities IPO) Detail

Rikhav Securities IPO is a book built issue of Rs 88.82 crores. The issue is a combination of fresh issue of 83.28 lakh shares aggregating to Rs 71.62 crores and offer for sale of 20.00 lakh shares aggregating to Rs 17.20 crores.

Rikhav Securities IPO bidding started from January 15, 2025 and ended on January 17, 2025. The allotment for Rikhav Securities IPO was finalized on Monday, January 20, 2025. The shares got listed on BSE SME on January 22, 2025.

Rikhav Securities IPO price band is set at ₹86 per share. The minimum lot size for an application is 1600. The minimum amount of investment required by retail investors is ₹1,31,200. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,37,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹2,75,200.

Smart Horizon Capital Advisors Private Limited is the book-running lead manager of the Rikhav Securities IPO, while Link Intime India Private Ltd is the registrar for the issue.The market maker for Rikhav Securities IPO is Shreni Shares Limited.

Refer to Rikhav Securities IPO RHP for detailed information.

Rikhav Securities Ltd Stock Quote & Charts

• Open: ₹66.51
• High – Low: ₹66.55 – ₹66.29
• Previous Close: ₹67.64
• Total Traded Value: 99,200.00
• 52 Weeks High: ₹69.26 (Jan 22, 2025)
• 52 Weeks Low: ₹163.40 (Mar 03, 2025)
• Updated On: Jan 22, 2025 4:00 PM

Rikhav Securities IPO Details

Rikhav Securities IPO Reservation

Rikhav Securities IPO offers 1,03,28,000 shares. 19,55,200 (18.93%) to QIB, 14,80,000 (14.33%) to NII, 34,48,000 (33.38%) to RII and 29,20,000 (28.27%) to Anchor investors.

Rikhav Securities IPO Anchor Investors Details

Rikhav Securities IPO raises Rs 25.11 crore from anchor investors. Rikhav Securities IPO Anchor bid date is January 14, 2025. Rikhav Securities IPO Anchor Investors list

Rikhav Securities IPO Timeline (Tentative Schedule)

Rikhav Securities IPO opens on January 15, 2025, and closes on January 17, 2025.

Rikhav Securities IPO 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.

Rikhav Securities IPO Promoter Holding

Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue

About Rikhav Securities Limited

Incorporated in 1995, Rikhav Securities Limited is a financial services company in India that offers brokerage, investing, and banking services.

The company is registered with SEBI as a stockbroker and holds memberships with BSE Limited (BSE), the National Stock Exchange of India (NSE), and the Multi Commodity Exchange (MCX).

The company’s services include equity broking, cash delivery, intra-day trading, futures, and options.

The company trades in various derivative and commodity segments. As a Self-Clearing Member of the Indian Clearing Corporation and NSE Clearing, the company ensure smooth trade settlements. Rikhav Securities helps clients participate in IPOs and provides depository services for demat accounts.

As mutual fund advisors, the company guides clients through their investment options.

The company also undertakes market-making activities.

Competitive Strength

• Long term relationship with the clients
• An integrated financial services platform
• Experienced management team with proven execution capabilities

As of September 30, 2024, the company has about 394 employees managing daily operations and administrative, legal, and accounting functions.

Company Financials

Rikhav Securities Limited Financial Information (Restated Consolidated)

Key Performance Indicator (KPI)

The market capitalization of Rikhav Securities IPO is Rs 329.31 Cr.

KPI as of Sun, Mar 31, 2024.

• The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
• The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Objects of the Issue (Rikhav Securities IPO Objectives)

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

Rikhav Securities IPO Review May apply

[Dilip Davda]  The company is engaged in the business of equity broking, investing and trading activities as SEBI registered stock broker. It posted steady growth in its top and bottom lines for the reported periods. The sudden boost in bottom lines from FY23 onwards raise eyebrows. Based on its recent financial performance, the issue appears fully priced. It is operating in a highly competitive segment. Well-informed investors may park moderate funds for long term. Read detail review…

Rikhav Securities IPO Subscription Status (Bidding Detail)

The Rikhav Securities IPO is subscribed 307 times on January 17, 2025 6:19:07 PM (Day 3). The public issue subscribed 251.36 times in the retail category, 170.92 times in the QIB category, and 616.42 times in the NII category. Check Day by Day Subscription Details (Live Status)

Total Application : 8,69,941

*Market Maker portion is not included to NII/HNI.

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