Landmark Immigration Consultants IPO vs Rikhav Securities IPO

Comparison between Landmark Immigration Consultants IPO and Rikhav Securities IPO.

IPO Details

Landmark Immigration Consultants 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.

	Landmark Immigration Consultants 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	Shreni Shares Ltd.	Smart Horizon Capital Advisors Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Shreni Shares 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 Landmark Immigration Consultants IPO is up to ₹38.27 Cr whereas the issue size of the Rikhav Securities IPO is up to ₹84.31 Cr. The final issue price of Landmark Immigration Consultants IPO is ₹72.00 per share and of Rikhav Securities IPO is ₹86.00 per share.

	Landmark Immigration Consultants IPO	Rikhav Securities IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹70.00 per share	₹82.00 per share
Issue Price (Upper)	₹72.00 per share	₹86.00 per share
Issue Price (Final)	₹72.00 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	1600 shares	1600 shares
Fresh Issue Size	53,15,200 shares	78,03,200 shares
Fresh Issue Size (Amount)	up to ₹38.27 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	53,15,200 shares	98,03,200 shares
Issue Size Total (Amount)	up to ₹38.27 Cr	up to ₹84.31 Cr

IPO Timetable

Landmark Immigration Consultants IPO opens on Jan 16, 2025, while Rikhav Securities IPO opens on Jan 15, 2025. The closing date of Landmark Immigration Consultants IPO and Rikhav Securities IPO is Jan 20, 2025, and Jan 17, 2025, respectively.

	Landmark Immigration Consultants IPO	Rikhav Securities IPO
Anchor Bid Date	Jan 15, 2025	Jan 14, 2025
Issue Open	Jan 16, 2025	Jan 15, 2025
Issue Close	Jan 20, 2025	Jan 17, 2025
Basis Of Allotment (Tentative)	Jan 21, 2025	Jan 20, 2025
Initiation of Refunds (Tentative)	Jan 22, 2025	Jan 21, 2025
Credit of Share (Tentative)	Jan 22, 2025	Jan 21, 2025
Listing date (Tentative)	Jan 23, 2025	Jan 22, 2025
Anchor Lockin End date 1	Feb 18, 2025	Feb 19, 2025
Anchor Lockin End date 2	Apr 19, 2025	Apr 20, 2025

Financials & KPIs

Landmark Immigration Consultants IPO P/E ratio is 9.72, as compared to Rikhav Securities IPO P/E ratio of 6.04.

Landmark Immigration Consultants IPO

Rikhav Securities IPO

Financials

Landmark Immigration Consultants Limited Financial Information (Restated)

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	5,216.36	4,431.51	3,625.3	3,611.51
Total Income	1,924.81	3,707.03	2,162.62	1,931.54
Profit After Tax	540.12	1,111.83	443.48	393.53
Net Worth	4,215.44	3,675.31	2,563.49	2,120.01
Reserves and Surplus	2,714.44	2,174.31	2,562.49	2,119.01
Total Borrowing	198.81	73.69	250.62	527.34
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)

97.92

90.55

Promoter Shareholding (Post-Issue)

71.31

65.63

P/E Ratio

9.72

6.04

Market Cap

₹148.39 Cr.

₹329.31 Cr.

ROE

35.64%

36.60%

ROCE

29.48%

Debt/Equity

0.02

0.35

EPS

₹7.41

₹14.23

RoNW

30.25%

30.89%

Shares Offered

In the Landmark Immigration Consultants IPO Retail Individual Investors (RII) are offered 20,80,000 shares while in Rikhav Securities IPO retail investors are offered 20,80,000 shares. Qualified Institutional Buyers (QIB) are offered 12,36,800 shares in Landmark Immigration Consultants IPO and 19,55,200 shares in Rikhav Securities IPO.

	Landmark Immigration Consultants IPO	Rikhav Securities IPO
Anchor Investor Reserveration	8,48,000 shares	29,20,000 shares
Market Maker Reserveration	2,84,800 shares	5,24,800 shares
QIB	12,36,800 shares	19,55,200 shares
NII	11,50,400 shares	14,80,000 shares
RII	20,80,000 shares	34,48,000 shares
Employee	0 shares	0 shares
Others
Total	53,15,200 shares	98,03,200 shares

Bids Received (Subscription)

Landmark Immigration Consultants IPO subscribed 72.84x in total, whereas Rikhav Securities IPO subscribed 307.00x.

	Landmark Immigration Consultants IPO	Rikhav Securities IPO
QIB (times)	35.58x	170.92x
NII (times)	96.57x	616.42x
Big NII (times)
Small NII (times)
RII (times)	81.87x	251.36x
Employee (times)
Other (times)
Total (times)	72.84x	307.00x

Compare with others

Landmark Immigration Consultants IPO	Rikhav Securities IPO
H.M.Electro Mech IPO	CLN Energy IPO
CLN Energy IPO	Rexpro Enterprises IPO
Rexpro Enterprises IPO	GB Logistics Commerce IPO
GB Logistics Commerce IPO	CapitalNumbers Infotech IPO
CapitalNumbers Infotech IPO	Landmark Immigration Consultants IPO
Rikhav Securities IPO	EMA Partners IPO
EMA Partners IPO	Kabra Jewels IPO
Kabra Jewels IPO	Barflex Polyfilms IPO
Barflex Polyfilms IPO	Sat Kartar Shopping IPO
Sat Kartar Shopping IPO	B.R.Goyal Infrastructure IPO