Rikhav Securities IPO Allotment Status

Summary

Rikhav Securities Limited, established in 1995, is a comprehensive financial services company in India offering brokerage, investing, and banking services. As a SEBI-registered stockbroker with memberships across BSE, NSE, and MCX, the company provides diverse services including equity broking, cash delivery, intra-day trading, futures, and options. With approximately 394 employees managing daily operations as of September 2024, the company serves clients through an integrated financial services platform.

The company has launched its IPO with a total issue size of ₹88.82 crore, comprising a fresh issue of ₹71.62 crore and an offer for sale of ₹17.20 crore. The IPO opened on January 15, 2025, and closed on January 17, 2025. The allotment date for the Rikhav Securities IPO is set for Monday, January 20, 2025.
 

Steps to Check Rikhav Securities IPO Allotment Status on Registrar Site

• Visit Link Intime India Private Ltd website, the official registrar for the Rikhav Securities IPO.
• Select "Rikhav Securities IPO" from the dropdown menu on the allotment status page.
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field.
• Complete the captcha verification process and click on the "Submit" button to view your allotment status.

Steps to Check Rikhav Securities IPO Allotment Status on BSE/NSE

• Navigate to the BSE IPO Allotment Status Page through official websites.
• Choose "Rikhav Securities IPO" from the list of active IPOs in the dropdown menu.
• Input your application number and PAN ID into the required fields.
• Verify the captcha and click "Search" to check your allotment status.

Rikhav Securities Subscription Status 

The Rikhav Securities IPO received exceptional investor interest, being subscribed 307 times overall. Here is a category-wise breakdown of the subscription as of 6:19:07 PM on January 17, 2025:

• Retail Category: 251.36 times
• Qualified Institutional Buyers (QIB): 170.92 times
• Non-Institutional Investors (NII): 616.42 times

As of 6:19:07 PM

Utilisation of IPO Proceeds

The funds raised through the IPO will be utilized as follows:

• Working Capital: Funding the incremental working capital requirements of the company.
• Capital Expenditure: Funding capital expenditure requirements for purchasing IT Software, Computers, and Laptops.
• General Corporate Purposes: Supporting various business objectives and operational needs.

Rikhav Securities IPO - Listing Details 

The shares are scheduled to list on January 22, 2025, on BSE SME. The remarkable subscription rate of 307 times demonstrates substantial investor confidence in Rikhav Securities' business model and growth prospects. The company has shown impressive financial performance with revenue increasing from ₹42.98 crore in FY22 to ₹111.34 crore in FY24. Their extensive financial services network and experienced management team position them well for future growth. Investors can check their allotment status through the registrar's website or BSE on January 20, 2025. The shares are set to debut on January 22, 2025, marking a significant milestone in the company's journey to expand its financial services across India.