Rikhav Securities Limited
Rikhav Securities Limited
SME BSE SME 100% Book Built Offer
Closed

Price Band

₹82 - ₹86

Total Issue

₹89 Cr

Bid Dates

15 Jan - 17 Jan

Subscription

0.00x

Listing Price

₹163 (89.53%)

Website RHP Check Allotment

Valuation

Market Cap

₹329.31 Cr

P/E Ratio

6.04x

P/B Ratio

1.87x

Rikhav Securities IPO Dates

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

Rikhav Securities IPO Lot Size

Lot Information for Rikhav Securities IPO
Category Lots Shares Amount
Ind (Min) 1 1,600 ₹1,37,600
Ind (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
Allocate Funds
Market Maker
5,24,800 EQ Share
Employee
₹0.00
Shareholder
₹0.00

Rikhav Securities IPO Size

Total ₹88.82 Cr
Fresh Issue
₹72 Cr (0.83 Cr Shares)
Offer For Sale
₹17 Cr (0.20 Cr Shares)

Objects of Issue

  1. Funding our incremental working capital requirements
  2. Funding of capital expenditure requirements of our Company towards purchase of IT Software, Computers and Laptops:
  3. General corporate purposes

Rikhav Securities IPO IPO Live Subscription

Updated as on Last updated time: N/A

Rikhav Securities IPO IPO Subscription Status (BSE SME)
Category Sub (x) Offered Bids
QIB 0.00x 19,55,200 0
NII 0.00x 14,80,000 0
Retail 0.00x 34,48,000 0
Total 0.00x 68,83,200 0

Rikhav Securities IPO IPO Details Live GMP

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

Rikhav Securities IPO IPO 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

Key Performance Indicators (KPIs)

EBITDA

46.32%

PAT

40.94%

ROE

36.60%

ROCE

29.48%

Debt to Equity

0.35

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

Promoter Holding

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

Lead Managers (1)

Smart Horizon Capital

Company Details

Name : Rikhav Securities Limited

Adbdress : Office No. 922 - A, 9th Floor, P. J. Towers, Dalal Street, Fort, Mumbai - 400 001, Maharashtra, India

Number : 022 - 69078300

Email : investor@rikhav.in

Website : https://www.rikhav.net/

Frequently Asked Questions (FAQs)

What is Rikhav Securities IPO?
Rikhav Securities IPO is a SME IPO having an issue size of ₹89 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