Rikhav Securities IPO Details
| IPO Issue Open Date: | 15 January 2025 |
| IPO Issue Close Date: | 17 January 2025 |
| IPO Issue Price Band: | ₹82 to ₹86 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹88.82 Crores | 83,28,000 shares |
| Fresh Issue: | ₹71.62 Crores | 20,00,000 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE SME |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Rikhav Securities IPO Prospectus:
Checkout the Rikhav Securities IPO Prospectus of DRHP and RHP file.
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Rikhav Securities IPO Dates Timeline
| Issue Open Date: | 15 January 2025 |
| Issue Close Date: | 17 January 2025 |
| Basis of Allotment Date: | 20 January 2025 |
| Refunds Initiation: | 21 January 2025 |
| Shares Credit in Demat: | 22 January 2025 |
| IPO Listing Date Detail: | 22 January 2025 |
Rikhav Securities IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 1600 shares = ₹1,37,600 |
| Retail (Max) | 1 lots and 1600 shares = ₹1,37,600 |
| S-HNI (Min) | 2 lots and 3200 shares = ₹2,75,200 |
| B-HNI Minimum | – |
Rikhav Securities IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹77 | ₹90,000 | ₹- | 90% |
| 16th Jan | ₹70 | ₹80,000 | ₹- | 81% |
| 15th Jan | ₹- | ₹- | ₹- | ₹- |
| 14th Jan | ₹- | ₹- | ₹- | ₹- |
Check Live GMP
About Rikhav Securities
After being incorporated in 1995, Rikhav Securities was involved in providing financial services like equity broking, cash delivery,intra-day trading as well as futures and options trading. Moreover, this is also working with regular and high-net-worth clients by providing services in derivatives and commodities. Rikhav Securities serves high-net-worth clients with services in derivatives and commodities. The firm has assisted 66 companies in getting listed on SME platforms through market-making. Their services and broking are offered online and via digital platforms. Additionally, Rikhav Securities employs around 394 people. What looks different from others is a strong infrastructure and a dedicated team that helps clients manage their financial portfolios.
Rikhav Securities IPO Strengths
- Long term relationship with the clients
- An integrated financial services platform
- Experienced management team with proven execution capabilities
- Augment our fund based capacities for stock broking and allied activities
- Hiring and retaining talented employees
- Focus on risk management
Objects of the IPO Issue
- Funding our incremental working capital requirements;
- Funding of capital expenditure requirements of our Company towards purchase of IT Software, Computers and Laptops:
- General corporate purposes;
Rikhav Securities Company Financial Report
The company reported revenue of ₹111.34 crores in 2024 against ₹54.52 crores in 2023. The company reported a profit of ₹42.65 crores in 2024 against a loss of ₹19.57 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹42.98 | ₹20.86 | ₹17.62 | ₹180.71 |
| 2023 | ₹54.52 | ₹29.90 | ₹19.57 | ₹187.72 |
| 2024 | ₹111.34 | ₹58.98 | ₹42.65 | ₹302.07 |
| September 2024 | ₹96.16 | ₹33.24 | ₹50.37 | ₹337.91 |
Rikhav Securities IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | 36.60% |
| ROCE: | 29.48% |
| EBITDA Margin: | 46.32% |
| PAT Margin: | 40.94% |
| Debt to equity ratio: | 0.35% |
| Earning Per Share (EPS): | ₹14.23 |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.89% |
| Net Asset Value (NAV): | ₹46.08 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| 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. |
Rikhav Securities IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: rikhav.smeipo@linkintime.co.in
Website: www.linkintime.co.in
Rikhav Securities IPO Lead Manager
- Smart Horizon Capital Advisors Private Limited
Rikhav Securities IPO allotment status noq on Link Intime website. Click on Link Intime IPO weblink to get allotment status.
Promoters of Rikhav Securities
- Mr. Hitesh Himatlal Lakhani
- Mr. Rajendra N Shah
- Ms. Bharti Hitesh Lakhani
- Ms. Vaishali R Shah
- Mr. Deep Hitesh Lakhani
- Mr. Monil Rajendra Shah
- M/S. Hitesh Himatlal Lakhani HUF
Company Address
Rikhav Securities Limited
B – Wing, Office No. 501 & 502, O2 Commercial Building,
Asha Nagar Park Road, Mulund West, Mumbai – 400 080
Phone: +91 022 – 69078300
E-mail: investor@rikhav.in
Website: www.rikhav.net