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Rikhav Securities Limited IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.86.00
Issue Size:
Rs.88.82 Cr
Lot Size:
1600 shares
Open Date:
January 15
Rikhav Securities Limited IPO Overview
Bidding Dates
January 15 - January 17
Min Investment
₹137,600
Price Range
₹86.00
Issue Size
₹88.82 Cr
IPO DRHP Doc
Company Overview
Rikhav Securities Limited, incorporated in 1995, is a financial services company in India offering brokerage, investing, and banking services. It is registered with SEBI and holds memberships with BSE, NSE, and MCX. The company provides equity broking, cash delivery, intra-day trading, futures, options, and depository services for demat accounts. It also acts as mutual fund advisors and undertakes market-making activities. As of September 30, 2024, Rikhav Securities employs approximately 394 people for daily operations and administrative functions.
IPO Timeline
Opens
Jan 15
Closes
Jan 17
Allotment
Jan 20
Refunds
Jan 21
Shares Credit
Jan 21
Listing
Jan 22
Opens
Jan 15
Closes
Jan 17
Allotment
Jan 20
Refunds
Jan 21
Shares Credit
Jan 21
Listing
Jan 22
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 170.92x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 616.42x | Oversubscribed |
| RII (Retail Individual Investors) | 251.36x | Oversubscribed |
| Total Subscription | 307.00x | Oversubscribed |
Last updated: Jan 17, 2025, 06:21 PM
Current GMP:
Rs.96
Est. Listing:
Rs.182
Est. Gain:
+111.6%
Star Rating:
★★★★★(5/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2024 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Assets | ₹30,206.82 Cr | ₹30,206.82 Cr | ₹18,772.01 Cr | ₹18,070.69 Cr |
| Net Worth | ₹13,807.74 Cr | ₹13,807.74 Cr | ₹9,496.21 Cr | ₹7,585.94 Cr |
| Profit After Tax | ₹4,264.63 Cr | ₹4,264.63 Cr | ₹1,910.27 Cr | ₹1,762.47 Cr |
| Reserves and Surplus | ₹12,309.54 Cr | ₹12,309.54 Cr | ₹7,998.01 Cr | ₹7,086.54 Cr |
| Revenue | ₹11,134.26 Cr | ₹11,134.26 Cr | ₹5,452.43 Cr | ₹4,298.31 Cr |
| Total Borrowing | ₹4,806.11 Cr | ₹4,806.11 Cr | ₹994.27 Cr | ₹1,506.12 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Strong client relationships drive repeat business and commissions.
- Diverse services boost growth and client ties.
- Experienced management ensures market insight and growth.
- Robust risk management minimizes trading risks.
IPO Details
Rikhav Securities IPO Details
| Face Value | ₹5 per share |
| Fresh Issue | 83,28,000 shares (aggregating up to ₹71.62 Cr) |
| IPO Date | January 15, 2025 to January 17, 2025 |
| Issue Price | ₹86 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Listing Date | January 22, 2025 |
| Lot Size | 1,600 Shares |
| Offer for Sale | 20,00,000 shares of ₹5 (aggregating up to ₹17.20 Cr) |
| Share Holding Post Issue | 3,82,92,000 shares |
| Share Holding Pre Issue | 2,99,64,000 shares |
| Total Issue Size | 1,03,28,000 shares (aggregating up to ₹88.82 Cr) |
Rikhav Securities IPO Reservation
Share Reservation Distribution
Retail
3,448,000 shares (33.38%)
Anchor Investors
2,920,000 shares (28.27%)
QIB
1,955,200 shares (18.93%)
HNI (NII)
1,480,000 shares (14.33%)
Market Maker
524,800 shares (5.08%)
Rikhav Securities IPO Promoter Holding
| Share Holding Post Issue | 65.63% |
| Share Holding Pre Issue | 90.55% |
Rikhav Securities IPO Listing Details
| ₹86 per share |
| 544340 |
| INE0CFH01028 |
| January 22, 2025 |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹86.00 |
| High | ₹171.57 |
| Last Trade | ₹171.55 |
| Low | ₹163.40 |
| Open | ₹163.40 |
Key Dates
Open Date:January 15
Close Date:January 17
Listing Date:January 22
