Rikhav Securities Limited IPO Details – Price, Date, GMP & Analysis
Rikhav Securities Limited IPO Overview
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
Open Date
Wed, Jan 15, 2025
CompletedClose Date
Fri, Jan 17, 2025
CompletedAllotment
Mon, Jan 20, 2025
CompletedRefund Process
Tue, Jan 21, 2025
CompletedCredit to Demat
Tue, Jan 21, 2025
CompletedListing Date
Wed, Jan 22, 2025
CompletedLatest 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: Invalid Date
Financial Information
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
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 29,20,000 (28.27%) |
| Market Maker Shares Offered | 5,24,800 (5.08%) |
| NII (HNI) Shares Offered | 14,80,000 (14.33%) |
| QIB Shares Offered | 19,55,200 (18.93%) |
| Retail Shares Offered | 34,48,000 (33.38%) |
| Total Shares Offered | 1,03,28,000 (100%) |
Rikhav Securities IPO Timeline (Tentative Schedule)
| Credit of Shares to Demat | Tue, Jan 21, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 17, 2025 |
| Initiation of Refunds | Tue, Jan 21, 2025 |
| IPO Close Date | Fri, Jan 17, 2025 |
| IPO Open Date | Wed, Jan 15, 2025 |
| Tentative Allotment | Mon, Jan 20, 2025 |
| Tentative Listing Date | Wed, Jan 22, 2025 |
Rikhav Securities IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI (Min) | 2 | 3,200 | ₹2,75,200 |
| Retail (Max) | 1 | 1600 | ₹1,37,600 |
| Retail (Min) | 1 | 1600 | ₹1,37,600 |
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 |
How to Apply for Rikhav Securities Limited IPO
To apply for the Rikhav Securities Limited IPO, you need a demat account with any SEBI-registered broker, PAN card, and UPI or bank account for payment.
Application Process
- Log into your broker's platform or app
- Navigate to IPO section and select Rikhav Securities Limited IPO
- Enter bid quantity (minimum 1600 shares)
- Choose cut-off price or enter specific price
- Make payment via UPI or ASBA
- Submit application before January 17
Required Documents
- Active demat account
- PAN card
- Bank account linked to demat
- UPI ID for payment
- Valid mobile number and email
Minimum Investment: ₹137,600(approx. based on lower price band)
Key Dates
Rikhav Securities Limited IPO Allotment Details
Allotment Timeline
How to Check Allotment
- • Visit registrar's official website
- • Enter PAN or application number
- • Check through broker's platform
- • Use our universal allotment tracker
Tip: Rikhav Securities Limited IPO allotment status will be available approximately 2-3 days after the issue closes. Successful applicants will receive shares in their demat account before listing.