Rikhav Securities Limited, an Indian multinational financial services company, is all set to launch its initial public offering (IPO) with a massive ₹88.82 crores. The issue is a mix of fresh issue and offer for sale that is the best can be for those seeking to invest into a sound financial services company. Here’s a comprehensive view of the IPO and what makes Rikhav Securities a good investment.
About Rikhav Securities Limited
Incorporated in 1995, Rikhav Securities Limited is an India-based financial services company engaged in offering the fields of brokerage, investing, and banking.
The SEBI-registered stockbroker is associated with memberships in BSE Limited (BSE), the National Stock Exchange of India (NSE), and the Multi Commodity Exchange (MCX).
The services offered by the company are equity broking, cash delivery, intra-day trading, futures, and options.
The company deals in different derivative and commodity segments. Being a Self-Clearing Member of the Indian Clearing Corporation and NSE Clearing, the company facilitates hassle-free settlements of trades. Rikhav Securities assists clients in investing in IPOs and offers depository services for demat accounts.
As mutual fund advisors, the company guides clients about their investment choices.
The company also engages in market-making.
Seasoned management team with the ability to deliver results
At September 30, 2024, the Company had approximately 394 employees working on daily operations and all administration, legal and accounting matters.
| Detail | Information |
|---|---|
| IPO Date | January 15, 2025 to January 17, 2025 |
| Listing Date | January 22, 2025 |
| Face Value | ₹5 per share |
| Price Band | ₹82 to ₹86 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 1,03,28,000 shares (aggregating up to ₹88.82 Cr) |
| Fresh Issue | 83,28,000 shares (aggregating up to ₹71.62 Cr) |
| Offer for Sale | 20,00,000 shares of ₹5 (aggregating up to ₹17.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 2,99,64,000 shares |
| Share Holding Post Issue | 3,82,92,000 shares |
| Market Maker Portion | 5,24,800 shares |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
| Anchor Investors List | Click Here |
| 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 |
Incorporated in 1995, Rikhav Securities is a leading financial services company offering a comprehensive range of services, including:
The company is registered with SEBI and is a member of BSE, NSE, and MCX. With a dedicated team of 394 employees as of September 30, 2024, Rikhav Securities ensures smooth trade settlements and delivers exceptional client experiences.
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/
Q1. What is the Rikhav Securities IPO?
The Rikhav Securities IPO is a book-built issue that involves a fresh issue of 83.28 lakh shares worth ₹71.62 crores and an offer for sale of 20 lakh shares worth ₹17.20 crores, aggregating to ₹88.82 crores.
Q2. When will the Rikhav Securities IPO open for subscription?
The IPO will open on January 15, 2025, and close on January 17, 2025.
Q3. Where will Rikhav Securities be listed?
Rikhav Securities IPO shares will be listed on the BSE SME platform.
Q4. What is the price band for the Rikhav Securities IPO?
The price band for the IPO is set at ₹82 to ₹86 per share.
Q5. What is the lot size for the Rikhav Securities IPO?
The minimum lot size is 1,600 shares, requiring a retail investor to invest at least ₹1,37,600.
Q6. Can high-net-worth individuals (HNIs) participate in the IPO?
Yes, HNIs can apply for a minimum of 2 lots (3,200 shares), amounting to ₹2,75,200.
Q7. What is the timeline for the IPO process?
Q8. How will I know if I have been allotted shares?
You can check the allotment status on the registrar’s website after January 20, 2025.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Alacrity Securities Limited | 5.43 | 29.09 | 25.42 | 21.37 | – Cr. |
| Angel One Limited | 134.21 | 20.57 | 37.04 | 361.70 | – Cr. |
| Share India Securities Limited | 25.41 | 11.99 | 24.37 | 91.23 | – Cr. |
| Pune E – Stock Broking Limited | 11.04 | 16.68 | 9.77 | 81.33 | – Cr. |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹33,791.49 Cr | ₹30,206.82 Cr | ₹18,772.01 Cr | ₹18,070.69 Cr |
| Revenue | ₹9,615.83 Cr | ₹11,134.26 Cr | ₹5,452.43 Cr | ₹4,298.31 Cr |
| Profit After Tax | ₹5,037.32 Cr | ₹4,264.63 Cr | ₹1,910.27 Cr | ₹1,762.47 Cr |
| Net Worth | ₹18,845.06 Cr | ₹13,807.74 Cr | ₹9,496.21 Cr | ₹7,585.94 Cr |
| Reserves and Surplus | ₹17,346.86 Cr | ₹12,309.54 Cr | ₹7,998.01 Cr | ₹7,086.54 Cr |
| Total Borrowing | ₹2,598.06 Cr | ₹4,806.11 Cr | ₹994.27 Cr | ₹1,506.12 Cr |
