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Rikhav Securities IPO

₹1,31,200/1600 shares

Minimum Investment

IPO Details

Open Date

15 Jan 25

Close Date

17 Jan 25

Minimum Investment

1,31,200

Lot Size

1600

Price Range

82 to ₹86

Listing Exchange

BSE

Issue Size

88.82 Cr

Listing Date

22 Jan 25

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Rikhav Securities IPO Timeline

Bidding Start

15 Jan 25

Bidding Ends

17 Jan 25

Allotment Finalisation

20 Jan 25

Refund Initiation

21 Jan 25

Demat Transfer

21 Jan 25

Listing

22 Jan 25

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About Rikhav Securities Limited IPO

Rikhav Securities Limited (RSL), established in 1995, specialises in equity broking, investing, and trading. Registered with SEBI, it holds memberships with BSE, NSE, and MCX. RSL offers services such as equity broking, intra-day trading, futures, and options. It also provides depository services and facilitates IPO participation. As a Market Maker, RSL enhances liquidity for SMEs. Proprietary investments and client-centric digital platforms highlight its expertise. Guided by experienced promoters, RSL consistently adapts to market dynamics, ensuring superior financial solutions for diverse clients across India.

IPO Strengths

  • Rikhav Securities Limited fosters long-term client relationships through timely solutions, efficient complaint resolution, and a customer-centric approach, ensuring repeat business and competitive brokerage fees.
  • It offers a diverse range of financial services, including equity, derivatives, commodities, and currency broking, along with depository services and market making for SMEs, reducing product and client concentration risks.
  • Strong risk management systems ensure effective operations through trading limits, stress testing, and internal controls.
  • Experienced leadership and skilled professionals drive growth by anticipating trends and adapting to client needs.

Rikhav Securities IPO Key Financials (in lakhs)

Particulars 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 30,206.82 18,772.01 18,070.69
Revenue 11,134.26 5452.43 4298.31
Profit After Tax 4264.63 1957.17 1762.47
Reserves and Surplus 12,309.54 7998.01 7086.54
Total Borrowings 7.81 7.73 7.65

Rikhav Securities Limited Upcoming IPO Details

Category Details
Issue Type Book Built Issue IPO
Total Issue Size Fresh Issue: 83,28,000 shares (aggregating to ₹71.62 crore)

Offer for Sale (OFS): 20,00,000 (aggregating to ₹17.20 crore)

IPO Dates Mentioned below
Price Bands ₹82 to ₹86 per share
Lot Size 1600 Shares
Face Value ₹5 per share
Listing Exchange SME, BSE
Shareholding pre-issue 2,99,64, 000 shares
Shareholding post -issue 3,82,92,000 shares
Market Marker Position 5,24,800 shares (Shreni Shares Limited)

Rikhav Securities IPO Important Dates

IPO Activity Date
IPO Open Date 15 January 2025
IPO Close Date 17 January 2025
Basis of Allotment Date 20 January 2025
Refunds Initiation 21 January 2025
Credit of Shares to Demat 21 January 2025
IPO Listing Date 22 January 2025

Rikhav Securities IPO Lots

Application Lots Shares Amount
Retail (Min) 1 1600 ₹1,37,600
Retail (Max) 1 1600 ₹1,37,600
HNI (Min) 2 3200 ₹2,75,200

 

Rikhav Securities IPO Lead Managers

Lead Managers
Smart Horizon Capital Advisors Private Limited

Rikhav Securities Limited IPO Valuation Overview

KPI Value
Earnings Per Share (EPS) 14.32
Price/Earnings (P/E) Ratio TBD
Return on Net Worth (RoNW) 30.89%
Net Asset Value (NAV) 46.80
Return on Equity 36.60%
Return on Capital Employed (ROCE) 29.45%
EBITDA Margin 46.32%
PAT Margin 40.94%
Debt to Equity Ration 0.35

Rikhav Securities IPO Peer Group Comparison

Name of Company Face Value (₹) Basic & Diluted EPS (₹) PE Ratio (times) RoNW (%) NAV per Share (₹)
Rikhav Securities Limited 5 14.32 [●] 30.89 46.08
Peer Group
Alacrity Securities Limited 10 5.43 25.00 25.42 21.37
Angel One Limited 10 133.74 18.93 36.97 361.70
Share India Securities Limited 10 111.18 2.97 24.37 456.16
Pune E–Stock Broking Limited 10 10.68 19.94 13.13 81.33

Objectives of the Proceeds

  • Funding of capital expenditure requirements towards purchase of IT Software, Computers & Laptops ₹386.46 lakhs
  • Funding working capital requirements ₹4,600 lakhs
  • Meeting general corporate expenses

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3Enter Number of Lots and your Price.

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5Complete Transaction on Your UPI App

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