Rikhav Securities IPO
IPO Details
- Open Date
15 Jan 2025
- Close Date
17 Jan 2025
- IPO Price Range
₹ 82 to ₹ 86
- IPO Size
₹ 88.82 Cr
- Listing Exchange
BSE SME
- Listing Date
22 Jan 2025
IPO Timeline
Last Updated: 15 January 2025 5:15 AM by 5Paisa
Rikhav Securities IPO is set to open on 15 January 2025 and will close on 17 January 2025. Rikhav Securities is a SEBI-registered financial services company offering brokerage, equity trading, IPO assistance, mutual fund advisory, and depository services.
The IPO is a combination of a fresh issue of 0.83 Cr shares aggregating to ₹71.62 Cr and an offer for sale of 0.20 Cr shares aggregating to ₹17.20 Cr. The price band is set at ₹82 to ₹86 per share and the lot size is 1,600 shares.
The allotment is scheduled to be finalised on 20 January 2025. It will go public on BSE SME, with a tentative listing date of 22 January 2025.
Smart Horizon Capital Advisors Pvt Ltd is the book running lead manager, while Link Intime India Pvt Ltd is the registrar.
Rikhav Securities IPO Size
Types | Size |
---|---|
Total IPO Size | ₹88.82 Cr. |
Offer For Sale | ₹17.20 Cr. |
Fresh Issue | ₹71.62 Cr. |
Rikhav Securities IPO Lot Size
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1600 | 131,200 |
Retail (Max) | 1 | 1600 | 131,200 |
HNI (Min) | 2 | 3200 | 262,400 |
1. Funding the incremental working capital requirements,
2. Funding of capital expenditure requirements of the company to purchase IT Software, Computers and Laptops,
3. General corporate purposes
Rikhav Securities is a SEBI-registered financial services company offering brokerage, equity trading, IPO assistance, mutual fund advisory, and depository services. It operates across NSE, BSE, and MCX, ensuring smooth settlements as a Self-Clearing Member. Backed by an experienced team, Rikhav Securities excels in client relationships, integrated services, and market-making activities with 394 employees.
Established in: 1995
CEO: Mr. Hitesh H. Lakhani
Peers
Alacrity Securities Ltd
Angel One Ltd
Share India Securities Ltd
Pune E - Stock Broking Ltd
Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
---|---|---|---|
Revenue | 42.98 | 54.52 | 111.34 |
EBITDA | 18.32 | 23.38 | 48.25 |
PAT | 17.62 | 19.10 | 42.65 |
Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
---|---|---|---|
Total Assets | 180.71 | 187.72 | 302.07 |
Share Capital | 4.99 | 14.98 | 14.98 |
Total Borrowings | 15.06 | 9.94 | 48.06 |
Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
---|---|---|---|
Net Cash Generated From / (used in) operating activities | -36.64 | -8.87 | 46.94 |
Net Cash Generated From / (used in) investing activities | 76.27 | 0.80 | -68.34 |
Net Cash Generated From / (used in) financing activities | -17.68 | -8.44 | 35.66 |
Net Increase (Decrease) In Cash And Cash Equivalents | 21.95 | -16.51 | 14.26 |
Strengths
1. Strong client relationships built over decades of reliable service.
2. Comprehensive financial services across equity, derivatives, and commodities.
3. SEBI-registered with memberships in major exchanges like NSE, BSE, and MCX.
4. Proven management team with extensive experience in execution and operations.
5. Robust infrastructure for seamless trade settlement as a Self-Clearing Member.
Risks
1. Limited presence compared to larger brokerage firms with pan-India networks.
2. Heavy reliance on stock market performance for business growth.
3. Intense competition in the financial services industry.
4. Potential regulatory changes could impact operational flexibility.
5. Higher operational costs due to a large workforce of 394 employees.
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FAQs
Rikhav Securities IPO opens from 15 January 2025 to 17 January 2025.
The size of Rikhav Securities IPO is ₹88.82 Cr.
The price of Rikhav Securities IPO is fixed at ₹82 to ₹86 per share.
To apply for Rikhav Securities IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Rikhav Securities IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Rikhav Securities IPO is 1,600 shares and the investment required is ₹131,200.
The share allotment date of Rikhav Securities IPO is 20 January 2025
The Rikhav Securities IPO will be listed on 22 January 2025.
Smart Horizon Capital Advisors Pvt Ltd is the book running lead manager for Rikhav Securities IPO.
Rikhav Securities plans to utilise the raised capital from the IPO for:
1. Funding the incremental working capital requirements,
2. Funding of capital expenditure requirements of the company to purchase IT Software, Computers and Laptops,
3. General corporate purposes
Contact Information
Rikhav Securities
Rikhav Securities Limited
Office No. 922 - A
9th Floor, P. J. Towers, Dalal Street,
Fort, Mumbai - 400001
Phone: 022 - 69078300
Email: investor@rikhav.in
Website: https://www.rikhav.net/
Rikhav Securities IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rikhav.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Rikhav Securities IPO Lead Manager
Smart Horizon Capital Advisors Private Limited