January 15, 2025
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Rikhav Securities listing Review
Will give detailed review on listing of this IPO
Rikhav Securities
Allotment Link
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Subscription status of Rikhav Securities IPO
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Rikhav Securities IPO (Day 1) Price Rs. 86 Lot 1600 shares, Rs.84.31 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Rikhav Securities?
Founded in 1995, Rikhav Securities Limited is a leading financial services provider in India, specializing in brokerage, investment, and banking solutions. The company is registered with the Securities and Exchange Board of India (SEBI) as a stockbroker and holds memberships with the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), and the Multi Commodity Exchange (MCX).
Rikhav Securities offers a wide range of services, including equity broking, cash delivery, intra-day trading, and futures and options. The company is active in various derivative and commodity segments and operates as a Self-Clearing Member with the Indian Clearing Corporation and NSE Clearing, ensuring efficient trade settlements.
The company also assists clients in participating in Initial Public Offerings (IPOs) and provides depository services for demat accounts. As mutual fund advisors, Rikhav Securities helps clients navigate investment opportunities, while also engaging in market-making activities to enhance liquidity.
Get more information about the company @ https://www.rikhav.net/
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Rikhav Securities IPO Details |
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| IPO opens on | 15 January 2025 |
| IPO closes on | 17 January 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 10328000 Shares / Rs 88.82 Crore |
| * Fresh Issue | 8328000 Shares / Rs 71.62 Crore |
| * Offer for Sale – | 2000000 shares / Rs. 17.20 crore |
| Market Maker Portion | 524800 Shares |
| Net offer to Public | 9803200 Shares/ Rs.84.31 Crore |
| Face Value per share | Rs. 5 |
| Price Band | Rs. 82-86 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 4901600 | 42.15 |
| HNI (15%) | 1470400 | 12.65 |
| RII (35%) | 3431120 | 29.51 |
| Total Shares | 9803200 | 84.31 |
| Retail portion will be oversubscribed by |
2144 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1600 Shares | Rs.137600 |
| Min HNI Application | 3200 Shares | Rs. 275200 |
Who are the Promoters of Rikhav Securities?
The Promoters of the company are Mr Hitesh Himatlal Lakhani, Mr Rajendra N Shah, Ms Bharti Hitesh Lakhani, Ms Vaishali R Shah, Mr Deep Hitesh Lakhani, Mr Monil Rajendra Shah and M/s. Hitesh Himatlal Lakhani HUF.
What are the Objects of Rikhav Securities IPO?
The Offer comprises of fresh issue of shares.
The company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:
- Funding the incremental working capital requirements;
- Funding of capital expenditure requirements of the company towards the purchase of IT Software, Computers and Laptops:
- General corporate purposes
Tentative timetable |
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| IPO opens on | 15 January 2024 |
| IPO Closes on | 17 January 2025 |
| IPO Allotment on | 20 January 2025 |
| Refund Initiation | 21 January 2025 |
| Credit of Shares | 21 January 2025 |
| Listing on | 22 January 2025 |
| Registered Office of the Company Rikhav Securities Limited Office No. 922 – A 9th Floor, P. J. Towers, Dalal Street, Fort, Mumbai – 400001 |
| Who is the Lead Manager of this IPO? Smart Horizon Capital Advisors Pvt Ltd |
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Who is the Registrar to IPO? |
Rikhav Securities IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Rikhav Securities IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 42.98 | 17.62 | – | – |
| 2022-23 | 54.52 | 19.10 | – | – |
| 2023-24 | 111.34 | 42.64 | 14.23 | 30.89 |
| Book Value of the Share on 31.03.2024 |
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| BV of the Share at cap price after IPO |
Rs. | – | ||
| Offer Price/upper band | Rs. | 86 | ||
Key Performance
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| Price/EPS of 23-24 | 6.04 |
| Price/BV Ratio | 1.87 |
| Debt/Equity Ratio | 0.35 |
How Rikhav Securities IPO compares with the Peers?
| As on date of RHP | FV | PE | P/BV |
| Rs. | Ratio | Ratio | |
| Rikhav Securities | 5 | 6.04 | 1.87 |
| Alacrity Securities | 29.09 | 3.00 | |
| Angel One | 20.94 | 8.43 | |
| Share India | 13.96 | 17.68 | |
| Pune E-stockbroking | 16.8 | 1.47 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Rikhav Securities IPO Review by Paresh Gordhandas, CA & Research Analyst.
+ from fundamental angle: Apply
+ from grey market angle: Apply
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