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Rikhav Securities IPO

  • Status: Live
  • RHP:
  • ₹ 131,200 / 1600 shares

    Minimum Investment

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

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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
 

Profit and Loss

Particulars (in Rs. Crores)

Balance Sheet

Particulars (in Rs. Crores)

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