EMA Partners IPO vs Rikhav Securities IPO

Comparison between EMA Partners IPO and Rikhav Securities IPO.

IPO Details

EMA Partners IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rikhav Securities IPO is a SME Bookbuilding proposed to list at BSE SME.

	EMA Partners IPO	Rikhav Securities IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	Indorient Financial Services Ltd.	Smart Horizon Capital Advisors Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Alacrity Securities 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 EMA Partners IPO is up to ₹72.21 Cr whereas the issue size of the Rikhav Securities IPO is up to ₹84.31 Cr. The final issue price of EMA Partners IPO is ₹124.00 per share and of Rikhav Securities IPO is ₹86.00 per share.

	EMA Partners IPO	Rikhav Securities IPO
Face Value	₹5 per share	₹5 per share
Issue Price (Lower)	₹117.00 per share	₹82.00 per share
Issue Price (Upper)	₹124.00 per share	₹86.00 per share
Issue Price (Final)	₹124.00 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	50,27,000 shares	78,03,200 shares
Fresh Issue Size (Amount)	up to ₹62.33 Cr	up to ₹67.11 Cr
OFS Issue Size	7,96,000 shares	20,00,000 shares
OFS Issue Size (Amount)	up to ₹9.87 Cr	up to ₹17.20 Cr
Issue Size Total	58,23,000 shares	98,03,200 shares
Issue Size Total (Amount)	up to ₹72.21 Cr	up to ₹84.31 Cr

IPO Timetable

EMA Partners IPO opens on Jan 17, 2025, while Rikhav Securities IPO opens on Jan 15, 2025. The closing date of EMA Partners IPO and Rikhav Securities IPO is Jan 21, 2025, and Jan 17, 2025, respectively.

	EMA Partners IPO	Rikhav Securities IPO
Anchor Bid Date	Jan 16, 2025	Jan 14, 2025
Issue Open	Jan 17, 2025	Jan 15, 2025
Issue Close	Jan 21, 2025	Jan 17, 2025
Basis Of Allotment (Tentative)	Jan 22, 2025	Jan 20, 2025
Initiation of Refunds (Tentative)	Jan 23, 2025	Jan 21, 2025
Credit of Share (Tentative)	Jan 23, 2025	Jan 21, 2025
Listing date (Tentative)	Jan 24, 2025	Jan 22, 2025
Anchor Lockin End date 1	Feb 21, 2025	Feb 19, 2025
Anchor Lockin End date 2	Apr 22, 2025	Apr 20, 2025

Financials & KPIs

EMA Partners IPO P/E ratio is 15.56, as compared to Rikhav Securities IPO P/E ratio of 6.04.

EMA Partners IPO

Rikhav Securities IPO

Financials

EMA Partners India Limited Financial Information (Restated Consolidated)

Period Ended	31 Jul 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,504.71	7,659.05	5,326.29	5,850.27
Total Income	2,632.9	6,883.45	5,106.16	5,786.52
Profit After Tax	437.22	1,427.3	307.07	1,127.06
Net Worth	5,782.72	5,373.95	3,945.52	3,888.45
Reserves and Surplus	5,806.16	5,397.32	3,992.52	3,939.14
Total Borrowing	723.5	758.02	55.97	389.55
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)

86.14

90.55

Promoter Shareholding (Post-Issue)

63.27

65.63

P/E Ratio

15.56

6.04

Market Cap

₹288.26 Cr.

₹329.31 Cr.

ROE

36.60%

ROCE

29.48%

Debt/Equity

0.35

EPS

₹7.97

₹14.23

RoNW

30.63%

30.89%

Shares Offered

In the EMA Partners IPO Retail Individual Investors (RII) are offered 20,39,000 shares while in Rikhav Securities IPO retail investors are offered 20,39,000 shares. Qualified Institutional Buyers (QIB) are offered 11,64,000 shares in EMA Partners IPO and 19,55,200 shares in Rikhav Securities IPO.

	EMA Partners IPO	Rikhav Securities IPO
Anchor Investor Reserveration	17,46,000 shares	29,20,000 shares
Market Maker Reserveration	3,07,000 shares	5,24,800 shares
QIB	11,64,000 shares	19,55,200 shares
NII	8,74,000 shares	14,80,000 shares
RII	20,39,000 shares	34,48,000 shares
Employee	0 shares	0 shares
Others
Total	58,23,000 shares	98,03,200 shares

Bids Received (Subscription)

EMA Partners IPO subscribed 221.06x in total, whereas Rikhav Securities IPO subscribed 307.00x.

	EMA Partners IPO	Rikhav Securities IPO
QIB (times)	147.69x	170.92x
NII (times)	444.08x	616.42x
Big NII (times)
Small NII (times)
RII (times)	167.35x	251.36x
Employee (times)
Other (times)
Total (times)	221.06x	307.00x

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