B.R.Goyal Infrastructure IPO vs Rikhav Securities IPO

Comparison between B.R.Goyal Infrastructure IPO and Rikhav Securities IPO.

IPO Details

B.R.Goyal Infrastructure IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Rikhav Securities IPO is a SME Bookbuilding proposed to list at BSE SME.

	B.R.Goyal Infrastructure IPO	Rikhav Securities IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	BSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	Smart Horizon Capital Advisors Pvt.Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	Shreni Shares Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of B.R.Goyal Infrastructure IPO is up to ₹80.95 Cr whereas the issue size of the Rikhav Securities IPO is up to ₹84.31 Cr. The final issue price of B.R.Goyal Infrastructure IPO is ₹135.00 per share and of Rikhav Securities IPO is ₹86.00 per share.

	B.R.Goyal Infrastructure IPO	Rikhav Securities IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹128.00 per share	₹82.00 per share
Issue Price (Upper)	₹135.00 per share	₹86.00 per share
Issue Price (Final)	₹135.00 per share	₹86.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)		₹0.00 per share
Market Lot Size	1000 shares	1600 shares
Fresh Issue Size	59,96,000 shares	78,03,200 shares
Fresh Issue Size (Amount)	up to ₹80.95 Cr	up to ₹67.11 Cr
OFS Issue Size	0 shares	20,00,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹17.20 Cr
Issue Size Total	59,96,000 shares	98,03,200 shares
Issue Size Total (Amount)	up to ₹80.95 Cr	up to ₹84.31 Cr

IPO Timetable

B.R.Goyal Infrastructure IPO opens on Jan 07, 2025, while Rikhav Securities IPO opens on Jan 15, 2025. The closing date of B.R.Goyal Infrastructure IPO and Rikhav Securities IPO is Jan 09, 2025, and Jan 17, 2025, respectively.

	B.R.Goyal Infrastructure IPO	Rikhav Securities IPO
Anchor Bid Date	Jan 06, 2025	Jan 14, 2025
Issue Open	Jan 07, 2025	Jan 15, 2025
Issue Close	Jan 09, 2025	Jan 17, 2025
Basis Of Allotment (Tentative)	Jan 10, 2025	Jan 20, 2025
Initiation of Refunds (Tentative)	Jan 13, 2025	Jan 21, 2025
Credit of Share (Tentative)	Jan 13, 2025	Jan 21, 2025
Listing date (Tentative)	Jan 14, 2025	Jan 22, 2025
Anchor Lockin End date 1	Feb 08, 2025	Feb 19, 2025
Anchor Lockin End date 2	Apr 09, 2025	Apr 20, 2025

Financials & KPIs

B.R.Goyal Infrastructure IPO P/E ratio is 10.8, as compared to Rikhav Securities IPO P/E ratio of 6.04.

B.R.Goyal Infrastructure IPO

Rikhav Securities IPO

Financials

B.R.Goyal Infrastructure Limited Financial Information (Restated Consolidated)

Period Ended	31 Jul 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	26,999.85	23,948.52	19,725.84	20,338.54
Total Income	15,686.45	59,619.2	35,329.74	22,863.32
Profit After Tax	194.46	2,188.91	1,733.51	756.09
Net Worth	12,863.48	12,666.79	10,479.04	8,746.91
Reserves and Surplus	11,124.2	11,797.15	9,609.4	7,877.27
Total Borrowing	6,411.09	4,947.28	4,163.54	5,340.28
Amount in ₹ Lakhs

Rikhav Securities Limited Financial Information (Restated Consolidated)

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 Income	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

Promoter Shareholding (Pre-Issue)

99.31

90.55

Promoter Shareholding (Post-Issue)

65.63

P/E Ratio

10.8

6.04

Market Cap

₹321.63 Cr.

₹329.31 Cr.

ROE

18.91%

36.60%

ROCE

19.72%

29.48%

Debt/Equity

0.50

0.35

EPS

₹12.50

₹14.23

RoNW

18.91%

30.89%

Shares Offered

In the B.R.Goyal Infrastructure IPO Retail Individual Investors (RII) are offered 20,86,000 shares while in Rikhav Securities IPO retail investors are offered 20,86,000 shares. Qualified Institutional Buyers (QIB) are offered 11,92,000 shares in B.R.Goyal Infrastructure IPO and 19,55,200 shares in Rikhav Securities IPO.

	B.R.Goyal Infrastructure IPO	Rikhav Securities IPO
Anchor Investor Reserveration	17,86,000 shares	29,20,000 shares
Market Maker Reserveration	3,16,000 shares	5,24,800 shares
QIB	11,92,000 shares	19,55,200 shares
NII	8,94,000 shares	14,80,000 shares
RII	20,86,000 shares	34,48,000 shares
Employee	38,000 shares	0 shares
Others
Total	59,96,000 shares	98,03,200 shares

Bids Received (Subscription)

B.R.Goyal Infrastructure IPO subscribed 118.08x in total, whereas Rikhav Securities IPO subscribed 307.00x.

	B.R.Goyal Infrastructure IPO	Rikhav Securities IPO
QIB (times)	69.88x	170.92x
NII (times)	256.90x	616.42x
Big NII (times)
Small NII (times)
RII (times)	88.27x	251.36x
Employee (times)	1.11x
Other (times)
Total (times)	118.08x	307.00x

Compare with others

B.R.Goyal Infrastructure IPO	Rikhav Securities IPO
Rikhav Securities IPO	CLN Energy IPO
EMA Partners IPO	Rexpro Enterprises IPO
Kabra Jewels IPO	GB Logistics Commerce IPO
Barflex Polyfilms IPO	CapitalNumbers Infotech IPO
Sat Kartar Shopping IPO	Landmark Immigration Consultants IPO
Indobell Insulations IPO	EMA Partners IPO
Delta Autocorp IPO	Kabra Jewels IPO
Parmeshwar Metal IPO	Barflex Polyfilms IPO
Davin Sons Retail IPO	Sat Kartar Shopping IPO
Fabtech Technologies IPO	B.R.Goyal Infrastructure IPO