Rikhav Securities IPO Overview
Rikhav Securities IPO is a book built issue of Rs 88.82 crores. The issue is a combination of fresh issue of 83.28 lakh shares aggregating to Rs 71.62 crores and offer for sale of 20.00 lakh shares aggregating to Rs 17.20 crores.
Rikhav Securities IPO opens for subscription on January 15, 2025 and closes on January 17, 2025. The allotment for the Rikhav Securities IPO is expected to be finalized on Monday, January 20, 2025. Rikhav Securities IPO will list on BSE SME with tentative listing date fixed as Wednesday, January 22, 2025.
Rikhav Securities IPO price band is set at ₹82 to ₹86 per share. The minimum lot size for an application is 1600. The minimum amount of investment required by retail investors is ₹1,37,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹2,75,200.
Smart Horizon Capital Advisors Private Limited is the book running lead manager of the Rikhav Securities IPO, while Link Intime India Private Ltd is the registrar for the issue.The market maker for Rikhav Securities IPO is Shreni Shares Limited.
Refer to Rikhav Securities IPO RHP for detailed information.
Rikhav Securities IPO Important dates
| IPO Open Date | Wednesday, January 15, 2025 |
| IPO Close Date | Friday, January 17, 2025 |
| Basis of Allotment | Monday, January 20, 2025 |
| Initiation of Refunds | Tuesday, January 21, 2025 |
| Credit of Shares to Demat | Tuesday, January 21, 2025 |
| Listing Date | Wednesday, January 22, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 17, 2025 |
Rikhav Securities IPO Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 33,791.49 | 30,206.82 | 18,772.01 | 18,070.69 | ||||||||||||||||||||||||||||||||||||
| Revenue | 9,615.83 | 11,134.26 | 5,452.43 | 4,298.31 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 5,037.32 | 4,264.63 | 1,910.27 | 1,762.47 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 18,845.06 | 13,807.74 | 9,496.21 | 7,585.94 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 17,346.86 | 12,309.54 | 7,998.01 | 7,086.54 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 2,598.06 | 4,806.11 | 994.27 | 1,506.12 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Rikhav Securities IPO Key Performance Indicator
The market capitalization of Rikhav Securities IPO is Rs 329.31 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 36.60% |
| ROCE | 29.48% |
| Debt/Equity | 0.35 |
| RoNW | 30.89% |
| PAT Margin | 40.94 |
| Price to Book Value | 1.87 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 14.23 | 26.31 |
| P/E (x) | 6.04 | 3.27 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Rikhav Securities IPO Objectives
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
Rikhav Securities IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,37,600 |
| Retail (Max) | 1 | 1600 | ₹1,37,600 |
| HNI (Min) | 2 | 3,200 | ₹2,75,200 |
| Lot Size Calculator | |||
Rikhav Securities IPO Details
| IPO Date | January 15, 2025 to January 17, 2025 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | ₹82 to ₹86 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 1,03,28,000 shares (aggregating up to ₹88.82 Cr) |
| Fresh Issue | 83,28,000 shares (aggregating up to ₹ 71.62 Cr) |
| Offer for Sale | 20,00,000 shares of ₹5 (aggregating up to ₹17.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 2,99,64,000 shares |
| Share Holding Post Issue | 3,82,92,000 shares |
| Market Maker Portion | 5,24,800 shares Shreni Shares Limited |
Rikhav Securities IPO Company Overview and Services
Incorporated in 1995, Rikhav Securities Limited is a financial services company in India that offers brokerage, investing, and banking services.
The company is registered with SEBI as a stockbroker and holds memberships with BSE Limited (BSE), the National Stock Exchange of India (NSE), and the Multi Commodity Exchange (MCX).
The company’s services include equity broking, cash delivery, intra-day trading, futures, and options.
The company trades in various derivative and commodity segments. As a Self-Clearing Member of the Indian Clearing Corporation and NSE Clearing, the company ensure smooth trade settlements. Rikhav Securities helps clients participate in IPOs and provides depository services for demat accounts.
As mutual fund advisors, the company guides clients through their investment options.
The company also undertakes market-making activities.
Competitive Strength
- Long term relationship with the clients
- An integrated financial services platform
- Experienced management team with proven execution capabilities
Rikhav Securities IPO SWOT Analysis
Strengths:
- Experienced Management Team: The company boasts a seasoned management team with a proven track record in the financial services industry.
- Integrated Platform: Rikhav Securities offers a comprehensive suite of financial services, including broking, investment banking, and wealth management, providing a one-stop shop for clients.
- Strong Technology Infrastructure: The company has invested in robust technology, enabling efficient operations, real-time market data access, and a seamless customer experience.
- Growing Client Base: Rikhav Securities has demonstrated consistent growth in its client base, indicating strong demand for its services.
- Focus on Client Relationships: The company emphasizes building long-term relationships with clients through personalized service and tailored solutions.
Weaknesses:
- Competition: The Indian financial services market is highly competitive, with numerous established players vying for market share.
- Dependence on Market Volatility: Brokerage and trading revenues can be significantly impacted by market volatility, which can negatively affect profitability.
- Regulatory Risks: The financial services sector is subject to stringent regulations, and changes in regulations can impact the company’s operations and profitability.
- Cybersecurity Risks: The increasing reliance on technology exposes the company to cybersecurity threats, which could compromise sensitive client data and disrupt operations.
- Limited Geographic Reach: While expanding its presence, the company may still have limited geographic reach compared to larger competitors.
Opportunities:
- Geographic Expansion: Expanding operations to new regions with high growth potential can significantly increase market share and revenue.
- Product Diversification: Exploring new product offerings, such as asset management, insurance, or digital financial services, can attract new customer segments and diversify revenue streams.
- Technology Innovation: Leveraging technology to enhance customer experience, improve operational efficiency, and develop innovative financial products.
- Mergers and Acquisitions: Strategic acquisitions of smaller players or complementary businesses can accelerate growth and enhance market position.
- Focus on Digitalization: Investing in digital platforms and mobile applications to reach a wider customer base and provide convenient access to financial services.
Threats:
- Economic Downturn: Economic slowdowns can negatively impact investor sentiment and trading activity, reducing brokerage revenues.
- Technological Disruption: The emergence of new technologies and fintech companies could disrupt traditional business models and increase competition.
- Regulatory Changes: Adverse regulatory changes could increase compliance costs, limit business activities, and impact profitability.
- Reputational Risk: Negative publicity or scandals can severely damage the company’s reputation and erode client trust.
- Cybersecurity Threats: Increasing sophistication of cyberattacks could lead to data breaches, financial losses, and reputational damage.
Key Considerations for Investors:
- Financial Performance: Analyze the company’s financial statements, including revenue growth, profitability, and debt levels.
- Competitive Landscape: Assess the competitive landscape and the company’s competitive advantages.
- Management Team: Evaluate the experience and track record of the management team.
- Valuation: Determine whether the IPO price is fairly valued based on the company’s fundamentals and growth prospects.
- Risk Tolerance: Consider your own risk tolerance and investment objectives before investing in the IPO.
By carefully considering these factors, investors can make informed decisions about whether to invest in the Rikhav Securities IPO.
Rikhav Securities IPO GMP Details
Rikhav Securities SME IPO last GMP is ₹100, last updated Jan 20th 2025 05:04 AM. With the price band of 86.00, Rikhav Securities SME IPO’s estimated listing price is ₹186 (cap price + today’s GMP).The expected percentage gain/loss per share is 116.28%.>> Rikhav Securities SME IPO Retail Subject to Sauda: ₹121600
We update GMP on a daily basis and based on last 10 sessions grey market activities, today IPO GMP points upward and expects a strong listing. The lowest GMP is ₹0, while the highest GMP is ₹100. Stay with us to know the daily price trend of Rikhav Securities SME IPO GMP with expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 20-01-2025 Allotment | 86.00 | ₹100  |
121600 | ₹186 (116.28%) | 20-Jan-2025 5:04 |
| 19-01-2025 | 86.00 | ₹100  |
121600 | ₹186 (116.28%) | 19-Jan-2025 22:25 |
| 18-01-2025 | 86.00 | ₹90 |
109400 | ₹176 (104.65%) | 18-Jan-2025 22:30 |
| 17-01-2025 Close | 86.00 | ₹85 |
103400 | ₹171 (98.84%) | 17-Jan-2025 22:28 |
| 16-01-2025 | 86.00 | ₹85 |
103400 | ₹171 (98.84%) | 16-Jan-2025 22:24 |
| 15-01-2025 Open | 86.00 | ₹70 |
85100 | ₹156 (81.4%) | 15-Jan-2025 22:24 |
| 14-01-2025 | 86.00 | ₹70 |
85100 | ₹156 (81.4%) | 14-Jan-2025 22:27 |
| 13-01-2025 | 86.00 | ₹65 |
79000 | ₹151 (75.58%) | 13-Jan-2025 22:27 |
| 12-01-2025 | 86.00 | ₹0 |
— | ₹86 (0%) | 12-Jan-2025 22:26 |
| 11-01-2025 | 86.00 | ₹0 |
— | ₹ (0%) | 11-Jan-2025 5:03 |
What is IPO GMP?
The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.
Rikhav Securities IPO Subscription Status
Rikhav Securities IPO subscribed 307 times. The public issue subscribed 251.36 times in the retail category, 170.92 times in QIB, and 616.42 times in the NII category by January 17, 2025 6:19:07 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Rs Cr.)* | Total Application |
|---|---|---|---|---|---|
| Anchor Investors | 1 | 29,20,000 | 29,20,000 | 25.11 | – |
| Market Maker | 1 | 5,24,800 | 5,24,800 | 4.51 | – |
| Qualified Institutions | 170.92 | 19,55,200 | 33,41,84,000 | 2,873.98 | 141 |
| Non-Institutional Buyers*** | 616.42 | 14,80,000 | 91,23,02,400 | 7,845.80 | 41,882 |
| Retail Investors | 251.36 | 34,48,000 | 86,66,84,800 | 7,453.49 | 5,41,729 |
| Total ** | 307 | 68,83,200 | 2,11,31,71,200 | 18,173.27 | 8,69,941 |
| Date | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Jan 15, 2025 |
0 | 7.57 | 13.66 | 8.47 |
| Day 2 Jan 16, 2025 |
0.87 | 28.42 | 59.41 | 36.12 |
| Day 3 Jan 17, 2025 |
170.92 | 616.42 | 251.36 | 307 |
Rikhav Securities IPO Allotment status
Rikhav Securities IPO allotment is expected on Monday, January 20, 2025.
Rikhav Securities IPO allotment status is not available at this time. Rikhav Securities IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Rikhav Securities Limited IPO allotment status.
Rikhav Securities IPO Contact Details
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/
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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