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.
Rikhav Securities IPO – Details
| IPO Opening Date | 15 January 2025 |
| IPO Closing Date | 17 January 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,03,28,000 Shares Worth ₹88.82 Crore Fresh Issue: 83,28,000 Shares Worth ₹71.62 Crore Offer For Sale: 20,00,000 Shares Worth ₹17.20 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹82 – ₹86 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Rikhav Securities IPO – Date Schedule
| IPO Open Date | 15 January 2025 |
| IPO Close Date | 17 January 2025 |
| Basis of Allotment | 20 January 2025 |
| Initiation of Refund | 21 January 2025 |
| Credit of Shares to Demat Account | 21 January 2025 |
| IPO Listing Date | 22 January 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 17, 2025 |
Rikhav Securities IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,37,600 |
| Retail (Max) | 1 | 1600 | ₹1,37,600 |
| HNI (Min) | 2 | 3200 | ₹2,75,200 |
Competitive Strengths
- Long term relationship with the clients.
- An integrated financial services platform.
- Experienced management team with proven execution capabilities.
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
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 42.98 | 20.85 | 17.62 | 15.06 |
| 31 March 2023 | 54.52 | 29.90 | 19.57 | 9.94 |
| 31 March 2024 | 111.34 | 58.97 | 42.64 | 48.06 |
| 30 September 2024 | 96.15 | 33.23 | 50.37 | 25.98 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 36.60% |
| ROCE | 29.48% |
| Debt/Equity | 0.35 |
| RoNW | 30.89% |
| PAT Margin | 40.94 |
| Price to Book Value | 1.87 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 14.23 | 26.31 |
| P/E (x) | 6.04 | 3.27 |
Object Of The Issue
- 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.
Rikhav Securities IPO Promoter Holding
| Pre Issue Share Holding | 90.55% |
| Post Issue Share Holding | 65.63% |
Rikhav Securities IPO Prospectus
Company Contact Information
| 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/ |
Rikhav Securities IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: rikhav.smeipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Rikhav Securities IPO Lead Manager(s)
| 1. Smart Horizon Capital Advisors Private Limited |
Rikhav Securities IPO FAQs
| What is Rikhav Securities IPO? Rikhav Securities IPO is an SME IPO. The issue is priced at ₹82 – ₹86 per equity share. The IPO is to be listed on BSE SME. |
| When Rikhav Securities IPO will open? The IPO is to open on 15 January 2025 for QIB, NII, and Retail Investors. |
| What is Rikhav Securities IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, and NII – 15%. |
| How to Apply the Rikhav Securities IPO? You can apply Rikhav Securities IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Rikhav Securities IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Rikhav Securities IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Rikhav Securities IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Rikhav Securities IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Rikhav Securities IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Rikhav Securities IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Rikhav Securities IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Rikhav Securities IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Rikhav Securities IPO Size? Rikhav Securities IPO size is ₹88.82 Crore. |
| What is Rikhav Securities IPO Price Band? Rikhav Securities IPO Price Band is ₹82 – ₹86. |
| What is Rikhav Securities IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1600 Shares with ₹1,37,600 amount while the maximum bid is 1600 Shares with ₹1,37,600. |
| What is the Rikhav Securities IPO Allotment Date? Rikhav Securities IPO allotment date is 20 January 2025. |
| What is the Rikhav Securities IPO Listing Date? Rikhav Securities IPO listing date is 22 January 2025. The IPO is to be listed on BSE SME. |
