Rikhav Securities Limited IPO Details
SME
Rikhav Securities IPO opens for subscription on 15 Jan 2025 and closes on 17 Jan 2025. The IPO will be listed on BSE with the tentative listing date set for 22 Jan 2025.
Rikhav Securities IPO price band has been fixed at ₹82 – ₹86 per share.The face value is ₹5 per share with a lot size of 1600.
Rikhav Securities IPO total issue size comprises 1,03,28,000 shares (aggregating up to ₹88.82 Cr). This includes a fresh issue of 83,28,000 shares (aggregating up to ₹ 71.62 Cr). Offer for Sale consists of 20,00,000 shares (aggregating up to ₹17.20 Cr). Pre-issue shareholding stands at 2,99,64,000, which will increase to 3,82,92,000 post-issue.
Rikhav Securities IPO carries a ₹96 (111.6%) GMP, reflecting investor sentiment.
Rikhav Securities IPO Lot Size : Retain Minimum is 1 lot (1,600 shares) amounting to ₹137,600. Retain Maximum is 1 lot (1,600 shares) amounting to ₹137,600. SHNI Minimum is 2 lots (3,200 shares) amounting to ₹275,200.
The Lead Managers for Rikhav Securities IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Smart Horizon Capital Advisors Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Shreni Shares. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Rikhav Securities Limited RHP.
Rikhav Securities IPO Details
Rikhav Securities IPO Subscription
Rikhav Securities IPO Application Wise Breakup
Rikhav Securities IPO Dates
- 15 Jan 2025Opening dateOPD
- 17 Jan 2025Closing dateCOD
- 20 Jan 2025Allotment Date BOA
- 21 Jan 2025Initiation of RefundsIOR
- 21 Jan 2025Credit of SharesCOS
- 22 Jan 2025Listing dateLID
Rikhav Securities IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 1600 | ₹137,600 |
| Retain Maximum | 1 | 1600 | ₹137,600 |
| SHNI Minimum | 2 | 3200 | ₹275,200 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Rikhav Securities IPO Reservation
Promoter Holding
Rikhav Securities IPO Valuations
Rikhav Securities Financial Information
| 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 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
About Rikhav Securities IPO
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.
Strength Of Rikhav Securities IPO
1. An integrated financial services platform.
2. Risk management system.
3. Long term relationship with the clients.
4. Experienced management team with proven execution capabilities.
Risk Of Rikhav Securities IPO
1. We have certain outstanding litigation against us, an adverse outcome of which may adversely affect our business, reputation and results of operations.
2. Our Company has been subject to certain penal actions from the Stock Exchanges and Regulatory Authority in the past in the past. There can be no assurance that we will not be subjected to such penalties in the future, which may in turn adversely affect our financial conditions, our operations and profitability.
3. We are subject to extensive statutory and regulatory requirements and supervision, which have material influence on, and consequences for, our business operations.
4. Our Company had negative cash flows in the past years from investing activities, details of which are given below. Sustained negative cash flow could impact our growth and business.
5. Our Company is a SEBI registered intermediary and is into the business of primary and secondary capital market. The market is prone to fraudulent transactions which are at times beyond the control of the Company and any such transactions undertaken by the clients of the company may drag the company into litigation with regulatory authorities, which if proved against us in absence of adequate proofs, may pour heavily on the Company.
6. The operation of our businesses is highly dependent on information technology and we are subject to risks arising from any failure of, or inadequacies in, our IT systems.
7. We depend on the accuracy and completeness of information about clients and counterparties for our business. Any misrepresentation, errors in or incompleteness of such information could adversely affect our business and financial performance.
8. The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of our Company.
9. Our Company is a SEBI registered intermediary and is into the business of primary and secondary capital market. The laws in the segment keeps changing and evolving on regular basis and any non-compliance on our part may render our Company into penalties.
10. We may extend credit to our clients for dealing in securities and any default by a client or any down turn in the market could result in substantial losses.
Objectives Rikhav Securities IPO
- 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
Company Contact Details
Rikhav Securities Limited
Office No. 922 - A
9th Floor, P. J. Towers, Dalal Street,
Fort, Mumbai - 400001
Phone: 022 - 69078300
Email: investor@rikhav.in
Website: https://www.rikhav.net/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
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