Rikhav Securities Limited
Jan 15, 2025 - Jan 17, 2025
Rikhav Securities Limited IPO Details
SME
Status
listed
Issue Price
₹82.00 - ₹86.00
Lot Size
1600 Shares
Subscription
307 times
Listing Price
₹163.4 (90%)
Face Value
₹5 Per share
Issue Size
Approx ₹88.82 Cr
Fresh Issue
Approx ₹71.62 Cr
Total Shares Offered
Approx ₹17.2 Cr
Retail Quota
35%
QIB Quota
50%
HNI Quota
15%
Retail Approx
-
S-HNI Approx
-
B-HNI Approx
-
Issue Type
Book Built Issue IPO
Listing On
BSE SME
Registrar
Link Intime India Private Ltd
BSE Code
544340
IPO Tentative Timetable
Open Date
Wed Jan 15 2025
Close Date
Fri Jan 17 2025
Allotment Date
Mon Jan 20 2025
Refunds Initiation
Tue Jan 21 2025
Demat Transfer
Tue Jan 21 2025
Listing Date
Wed Jan 22 2025
Valuation
Earning Per Share (EPS)
₹14.23
Price/Earning P/E Ratio
N/A
Return on Net Worth (RoNW)
30.89%
Net Asset Value (NAV)
₹46.08
Promoters
Pre issue Share Holding
90.55%
Post issue Share Holding
65.63%
Company 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
Lead Managers
Smart Horizon Capital Advisors Private Limited
Live Subscription
| Date | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Jan 15, 2025 | 0 | 7.57 | 13.66 | 8.47 |
| Jan 16, 2025 | 0.87 | 28.42 | 59.41 | 36.12 |
| Jan 17, 2025 | 170.92 | 616.42 | 251.36 | 307 |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,37,600 |
| Retail (Max) | 1 | 1600 | ₹1,37,600 |
| HNI (Min) | 2 | 3,200 | ₹2,75,200 |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 29,20,000 (28.27%) |
| Market Maker Shares Offered | 5,24,800 (5.08%) |
| QIB Shares Offered | 19,55,200 (18.93%) |
| NII (HNI) Shares Offered | 14,80,000 (14.33%) |
| Retail Shares Offered | 34,48,000 (33.38%) |
| Total Shares Offered | 1,03,28,000 (100%) |
Company Financial
| 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 |
| 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 |
| Total Borrowing | 2,598.06 | 4,806.11 | 994.27 | 1,506.12 |
About Company
Rikhav Securities Limited, established in 1995, is an Indian financial services company. It provides brokerage, investment, and banking services. The company is registered with SEBI as a stockbroker and is a member of BSE, NSE, and MCX.
Its services include equity broking, cash delivery, intraday trading, and dealing in futures and options. It also trades in derivatives and commodities. As a Self-Clearing Member of the Indian Clearing Corporation and NSE Clearing, it ensures smooth trade settlements. The company assists clients with IPO participation and offers demat account services. Additionally, it provides guidance as a mutual fund advisor and engages in market-making activities.
Strengths include long-term client relationships, a comprehensive financial services platform, and an experienced management team.
As of September 30, 2024, the company has around 394 employees handling daily operations, including administrative, legal, and accounting tasks.
Its services include equity broking, cash delivery, intraday trading, and dealing in futures and options. It also trades in derivatives and commodities. As a Self-Clearing Member of the Indian Clearing Corporation and NSE Clearing, it ensures smooth trade settlements. The company assists clients with IPO participation and offers demat account services. Additionally, it provides guidance as a mutual fund advisor and engages in market-making activities.
Strengths include long-term client relationships, a comprehensive financial services platform, and an experienced management team.
As of September 30, 2024, the company has around 394 employees handling daily operations, including administrative, legal, and accounting tasks.
Company Contact
office no. 922 - a9th floor, p. j. towers, dalal street,fort, mumbai - 400001
Phone: 022 - 69078300
Email: investor@rikhav.in
Website: https://www.rikhav.net/
Registrar Contact
Phone: +91-22-4918 6270
Email: rikhav.smeipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html