Rikhav Securities Limited

Rikhav Securities Limited

SME BSE SME 100% Book Built Offer
Closed

Price Band

₹82 - ₹86

Total Issue

₹88.82 Cr

Bid Dates

15 Jan - 17 Jan

Subscription

x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Rikhav Securities Limited (RSL), established in 1995, is a diversified financial services firm engaged in equity broking, trading, and investment activities. They offer services including cash delivery, intraday trading, futures & options, and operate in both derivative and commodity markets. As a Self-Clearing Member of ICCL and NCL, RSL ensures smooth trade settlements. The company also provides IPO support, demat services, mutual fund distribution, and market making for newly listed securities, alongside proprietary investments in tradable assets

Lot Info

Lot Information for Rikhav Securities IPO
Category Lots Shares Amount
Individual (Min) 1 1,600 ₹1,37,600
Individual (Max) 1 1,600 ₹1,37,600
S-HNI (Min) 2 3,200 ₹2,75,200
S-HNI (Max) 7 11,200 ₹9,63,200
B-HNI (Min) 8 12,800 ₹11,00,800
Market Maker
5,24,800 EQ Share
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹88.82 Cr
Fresh Issue
₹71.62 Cr (0.83 Cr Shares)
Offer For Sale
₹17.20 Cr (0.20 Cr Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹0
Est. Price ₹86
Est. Gain 0.00%

Rikhav Securities IPO Peer Comparison

(Rs. in crores)

Rikhav Securities IPO Peer Comparison Table
Particulars Co. Alacrity Securities Angel One Share India Securities "Pune E – Stock Broking"
Revenue from Ops (in Crs.) 104.16 341.20 4,271.68 1,482.81 66.43
PAT (In Crs.) 42.30 11.45 1,125.52 425.76 12.43
EPS - Basic 14.23 5.43 134.21 25.41 11.04
NAV per share 46.08 21.37 361.70 91.23 81.33
RONW 30.89 25.42 37.04 24.37 9.77
EBITDA 46.32% 4.89% 39.60% 44.24% 13.86%
PAT Margin 40.61% 3.36% 26.35% 28.71% 18.72%
Price to earning (PE) 6.04 29.09 20.57 11.99 16.68
Debt to Equity 0.35 0.04 0.83 0.22 0.21
  • All the information pertains to FY 2023-24
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Rikhav Securities IPO
Particulars Sep-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 96.16 111.34 54.52 42.98
Profit after Tax 50.37 42.65 19.10 17.62
Net Worth 188.45 138.08 94.96 75.86
Total Borrowing 25.98 48.06 9.94 15.06
Total Assets 167.31 147.59 108.45 104.70
NAV per share (in ₹) 62.89 46.08 31.69 25.32
EPS - Basic (in ₹) 16.81 14.23 6.38 5.88

KPIs

EBITDA

46.32%

PAT

40.94%

ROE

36.60%

ROCE

29.48%

Debt to Equity

0.35

PE Ratio

6.04

PB Ratio

1.87

Mkt Cap (in Crs.)

329.31

  • All Ratios are based on Mar 24
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

Shareholding

Promoter

41.65%

Public

58.35%

Mr. Hitesh Himatlal Lakhani 7.64%
Ms. Vaishali R Shah 6.60%
Mr. Deep Hitesh Lakhani 6.44%
Mr. Rajendra N Shah 4.79%
M/s. Hitesh Himatlal Lakhani HUF 4.39%
Ms. Bharti Hitesh Lakhani 4.08%

Management

Mr. Hitesh Himatlal Lakhani Chairman & MD
Mr. Hemant Hasmukh Shah CFO

Registrar & Lead Managers

Registrar

Link Intime

Link Intime

Lead Managers (1)

Smart Horizon Capital Smart Horizon Capital

Subscription Status

Updated as on Last updated time: N/A

BSE SME Subscription Status for Rikhav Securities IPO
Category Sub (x) Offered Bids
Total -0.08x 68,83,200 -5,24,800

Frequently Asked Questions

What is Rikhav Securities IPO?
Rikhav Securities IPO is a SME IPO having an issue size of ₹88.82 Crs. Rikhav Securities IPO is priced at ₹82 - ₹86 per share. The issue opens on 15 Jan 25 and closes on 17 Jan 25.
When will Rikhav Securities IPO open?
Rikhav Securities IPO opens on 15 Jan 25 and closes on 17 Jan 25.
What is the GMP of Rikhav Securities IPO?
The estimated Grey Market Premium of Rikhav Securities IPO is ₹0 per share (0.00%).
What is the lot size of Rikhav Securities IPO?
The minimum lot size of Rikhav Securities IPO is 1600 shares & the minimum application amount is Rs. 137600.
When is the allotment of Rikhav Securities IPO?
The allotment date of Rikhav Securities IPO is 20 Jan 25.
What is the listing date of Rikhav Securities IPO?
The listing date of Rikhav Securities IPO is 22 Jan 25.
What is the subscription of Rikhav Securities IPO?
Rikhav Securities IPO is subscribed - times.
What is the price band of Rikhav Securities IPO?
Rikhav Securities IPO is priced at ₹82 - ₹86 per share.
How to check allotment status of Rikhav Securities IPO?
Click the allotment link on Rikhav Securities IPO page of IPO360.
How to apply Rikhav Securities IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Rikhav Securities IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Rikhav Securities IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Rikhav Securities IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date