Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Rikhav Securities IPO is a book build issue of ₹88.82 crores. The issue is a combination of fresh issue of 0.83 crore shares aggregating to ₹71.62 crores and offer for sale of 0.20 crore shares aggregating to ₹17.20 crores.
Rikhav Securities IPO bidding started from Jan 15, 2025 and ended on Jan 17, 2025. The allotment for Rikhav Securities IPO was finalized on Jan 20, 2025. The shares got listed on BSE SME on Jan 22, 2025.
Rikhav Securities IPO price band is set at ₹86.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,37,600 (1600 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,75,200.
Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Shreni Shares Ltd..
Refer to Rikhav Securities IPO RHP for detailed Information.
| IPO Date | January 15, 2025 to January 17, 2025 |
| Listing Date | January 22, 2025 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹82 to ₹86 per share |
| Issue Price Final | ₹86 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,03,28,000 shares (aggregating up to ₹88.82 Cr) |
| Reserved for Market Maker | 5,24,800 shares Shreni Shares Ltd. (aggregating up to ₹4.51 Cr) |
| Fresh Issue (Ex Market Maker) | 78,03,200 shares (aggregating up to ₹67.11 Cr) |
| Offer for Sale | 20,00,000 shares of ₹5 (aggregating up to ₹17.20 Cr) |
| Net Offered to Public | 98,03,200 shares (aggregating up to ₹84.31 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 2,99,64,000 shares |
| Share Holding Post Issue | 3,82,92,000 shares |
Rikhav Securities IPO offers total 1,03,28,000 shares. Out of which 48,75,200 (47.20%) allocated to QIB, 19,55,200 (18.93%) allocated to QIB (Ex- Anchor), 14,80,000 (14.33%) allocated to NII, 34,48,000 (33.38%) allocated to RII and 29,20,000 (28.27%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 5,24,800 (5.08%) |
| QIB Shares Offered | 48,75,200 (47.20%) |
| − Anchor Investor Shares Offered | 29,20,000 (28.27%) |
| − QIB (Ex. Anchor) Shares Offered | 19,55,200 (18.93%) |
| NII (HNI) Shares Offered | 14,80,000 (14.33%) |
| Retail Shares Offered | 34,48,000 (33.38%) |
| Total Shares Offered | 1,03,28,000 (100.00%) |
Rikhav Securities IPO raises ₹25.11 crore from anchor investors. Rikhav Securities IPO Anchor bid date is January 14, 2025. Rikhav Securities IPO Anchor Investors list
| Bid Date | January 14, 2025 |
| Shares Offered | 29,20,000 |
| Anchor Portion Size (In Cr.) | 25.11 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 19, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 20, 2025 |
Rikhav Securities IPO opens on January 15, 2025, and closes on January 17, 2025.
| IPO Open Date | Wed, Jan 15, 2025 |
| IPO Close Date | Fri, Jan 17, 2025 |
| Tentative Allotment | Mon, Jan 20, 2025 |
| Initiation of Refunds | Tue, Jan 21, 2025 |
| Credit of Shares to Demat | Tue, Jan 21, 2025 |
| Tentative Listing Date | Wed, Jan 22, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jan 17, 2025 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,37,600 |
| Retail (Max) | 1 | 1,600 | ₹1,37,600 |
| HNI (Min) | 2 | 3,200 | ₹2,75,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
As of September 30, 2024, the company has about 394 employees managing daily operations and administrative, legal, and accounting functions.
| 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 | ||||
The market capitalization of Rikhav Securities IPO is ₹329.31 Cr.
KPI as of Sun, Mar 31, 2024.
| 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 |
The company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:
[Dilip Davda] The company is engaged in the business of equity broking, investing and trading activities as SEBI registered stock broker. It posted steady growth in its top and bottom lines for the reported periods. The sudden boost in bottom lines from FY23 onwards raise eyebrows. Based on its recent financial performance, the issue appears fully priced. It is operating in a highly competitive segment. Well-informed investors may park moderate funds for long term. Read detail review...
| Listing Date | January 22, 2025 |
| BSE Script Code | 544340 |
| NSE Symbol | |
| ISIN | INE0CFH01028 |
| Final Issue Price | ₹86 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹86.00 |
| Open | ₹163.40 |
| Low | ₹163.40 |
| High | ₹171.57 |
| Last Trade | ₹171.55 |
Rikhav Securities Ltd.
Office No. 922 - A
9th Floor, P. J. Towers, Dalal Street,
Fort, Mumbai - 400001
Fort, Maharashtra
Phone: 022 - 69078300
Email: investor@rikhav.in
Website: https://www.rikhav.net/
MUFG Intime India Pvt.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 is a SME IPO of 1,03,28,000 equity shares of the face value of ₹5 aggregating up to ₹88.82 Crores. The issue is priced at ₹86 per share. The minimum order quantity is 1600.
The IPO opens on January 15, 2025, and closes on January 17, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Rikhav Securities IPO using UPI as a payment gateway. Zerodha customers can apply in Rikhav Securities IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rikhav Securities IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rikhav Securities IPO opens on January 15, 2025 and closes on January 17, 2025.
Rikhav Securities IPO lot size is 1600, and the minimum amount required for application is ₹1,37,600.
You can apply in Rikhav Securities IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rikhav Securities IPO will be done on Monday, January 20, 2025, and the allotted shares will be credited to your demat account by Tuesday, January 21, 2025. Check the Rikhav Securities IPO allotment status.
The Rikhav Securities IPO listing date is on Wednesday, January 22, 2025.
Useful Articles
RHP