The ₹88.82 crore IPO is a book-built issue, featuring a fresh issue of 83.28 lakh equity shares worth ₹71.62 crores and an offer for sale (OFS) of 17.20 lakh shares valued at ₹20.00 crores. The fresh issue aims to fund the company’s growth initiatives or working capital needs, while the OFS provides an opportunity for existing shareholders to partially exit or monetise their holdings. This mix of fresh equity and OFS reflects a strategic approach to balancing capital infusion with shareholder interests.
Open for subscription from 15 January 2025 to 17 January 2025, the IPO is priced between ₹82 and ₹86 per share. Applications are accepted in lots of 1,600 shares, requiring a minimum investment of ₹1,37,600, while HNIs need to apply for at least 3,200 shares, amounting to ₹2,75,200. The listing is scheduled on NSE SME on 22 January 2025, with its structured pricing and growth-oriented outlook expected to attract both retail and institutional investors.
Refer to Rikhav Securities IPO RHP for detailed information.
Table of content
- Rikhav Securities IPO GMP
- Rikhav Securities IPO Good or Bad, should apply?
- Rikhav Securities IPO Details
- Rikhav Securities Company Finances
- Rikhav Securities IPO Lot Size calculator
- Rikhav Securities IPO Distribution
- About Rikhav Securities Company
- Rikhav Securities IPO Prospectus
- Read our other articles(IPO Insights and Market Prediction)
Rikhav Securities IPO GMP
Check current GMP if Rikhav Securities IPO
Rikhav Securities IPO Good or Bad, should apply?
Rikhav Securities Limited presents a promising opportunity for investors, given its strong financial performance and robust industry presence. The company’s registration with SEBI as a stockbroker, along with memberships in prestigious exchanges like BSE, NSE, and MCX, underscores its credibility and market positioning. Its financial health further supports its growth potential, making it a reliable investment choice. Additionally, its competitive strengths, including long-term client relationships, an integrated financial services platform, and an experienced management team with proven execution capabilities, reflect its ability to deliver sustainable value.
Considering these factors, the IPO appears attractive both for listing gains and long-term investment. The company’s solid fundamentals, coupled with its established track record and market reputation, make it a viable option for investors seeking stability and growth. Whether you aim to capitalise on initial market enthusiasm or prefer holding shares for future gains, this IPO aligns well with diverse investment strategies.
Rikhav Securities IPO Details
| IPO Date | January 15, 2025 to January 17, 2024 | ||
| Listing Date | 22 January, 2025 | ||
| Face value | 5 per share | ||
| Price band | ₹82 to ₹86 per share | ||
| Lot size | 1,600 Shares | ||
| Total Issue Size | 1,03,28,000 shares (aggregating up to ₹88.82 Cr) | ||
| Fresh Issue | 83,28,000 shares (aggregating up to ₹ 71.62 Cr) | ||
| Offer for Sale | 20,00,000 shares of ₹5 (aggregating up to ₹17.20 Cr) | ||
| Issue Type | Fixed Price Issue IPO | ||
| Listing At | NSE SME | ||
| Share Holding Post Issue | 3,82,92,000 shares | ||
| Market Maker Portion | 5,24,800 shares Shreni Shares Limited |
Rikhav Securities Company Finances
The company has shown remarkable financial growth over the years. As of 30 September 2024, its assets stand at ₹33,791.49 lakhs, reflecting a consistent increase from ₹18,070.69 lakhs in March 2022. Revenue also surged to ₹9,615.83 lakhs in the half-year ended September 2024, compared to ₹4,298.31 lakhs in FY 2022. Profit after tax witnessed a substantial rise to ₹5,037.32 lakhs in the latest period, up from ₹1,762.47 lakhs in March 2022. Strengthening its financial foundation, the net worth improved to ₹18,845.06 lakhs, supported by robust reserves of ₹17,346.86 lakhs. Notably, total borrowings have reduced to ₹2,598.06 lakhs, indicating improved financial management.
Amount in ₹ Lakhs
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 33,791.49 | 30,206.82 | 18,772.01 | 18,070.69 |
| Total Borrowings | 2,598.06 | 4,806.11 | 994.27 | 1,506.12 |
| 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 and Surplus | 17,346.86 | 12,309.54 | 7,998.01 | 7,086.54 |
Rikhav Securities IPO Lot Size calculator
| Application | Lots | Share | Amount |
| Retail (Min) | 1 | 1,600 | ₹1,37,600 |
| Retail (Max) | 1 | 1,600 | ₹1,37,600 |
| HNI (Min) | 2 | 3,200 | ₹2,75,200 |
Rikhav Securities IPO Distribution
| Investor Category | Shares Offered |
| QIB Shares Offered | No more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
About Rikhav Securities Company
Founded in 1995, Rikhav Securities Limited is an Indian financial services company offering brokerage, investment, and banking solutions. Registered with SEBI as a stockbroker, it is a member of BSE, NSE, and MCX.
The company provides equity broking, cash delivery, intraday trading, and futures and options services. It operates in various derivative and commodity segments and ensures smooth trade settlements as a Self-Clearing Member of the Indian Clearing Corporation and NSE Clearing. Rikhav Securities facilitates IPO participation, offers demat account services, and acts as mutual fund advisors. Additionally, the company engages in market-making activities.
Competitive Strengths
- Long-term client relationships
- Integrated financial services platform
- Experienced management with strong execution capabilities
As of 30 September 2024, the company employs 394 professionals handling operations, legal, administrative, and accounting functions.
Rikhav Securities IPO Prospectus
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