Rikhav Securities IPO Overview
Rikhav Securities SME IPO is opening from 15-01-2025 to 17-01-2025. This SME IPO is combination of Fresh Issue and OFS. This IPO is coming with the face value of 5 Rupees per share and the decided price band for the IPO is from Rs 82 to 86 per equity share. Which means you can place the bid anywhere from Rs 82 to 86 per share. But, if oversubscribed placing the highest bid which is Rs 86, seems the wise decision.
Rikhav Securities SME IPO’s RHP mentions the minimum lot size of 1600 shares, which comes to total amount of Rs 1,31,200 to 1,37,600 (max) for just one lot. Listing date decided for the Rikhav Securities IPO on the Bombay Stock Exchange (BSE) is 24th of January 2025 (Friday).
Rikhav Securities SME IPO Key Details
| IPO Bid Opening Date | 15-01-2025 |
| IPO Bid Closing Date | 17-01-2025 |
| IPO Allotment Date | 20-01-2025 |
| IPO Issue Size | Rs 88.82 Crores |
| 1 Lot Quantity | 1600 Shares |
| Minimum Investment Req. | Rs 1,37,600 |
| Maximum lots for a single bid | 1 |
Rikhav Securities SME IPO Schedule
| IPO Activity | Date |
| IPO Opening Date | 15-01-2025 |
| IPO Closing Date | 17-01-2025 |
| Allotment Date | 20-01-2025 |
| Refund Date | 21-01-2025 |
| Shares Credit Date | 21-01-2025 |
| IPO Listing Date | 22-01-2025 |
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Rikhav Securities SME IPO Details
Rikhav Securities SME IPO comes with the Fresh Issue size of Rs 71.62 Crores. Promoters are also selling some part their stake from the company so it does have OFS (Offer For Sale) of Rs. 17.20 Crores. They have decided the price band of Rs 82 to 86 per equity share. Company is only going to be listed on the Bombay Stock Exchange (BSE SME). Rikhav Securities SME IPO share’s face value is decided to be Rs 5 per share. IPO has a total retail quota of 35% of the Net Issue, QIB quota of 50% of the Net Issue and HNI Quota of 15% of the Net Issue.
| IPO Listing On | Bombay Stock Exchange (BSE) |
| IPO Type | SME |
| IPO Issue Type | Book Building Issue |
| 1 Lot Quantity | 1600 Shares |
| Minimum Investment Req. | Rs 1,37,600 |
| IPO Issue Size | Rs 88.82 Crores |
| IPO Retail Quota | 35% of the Net Issue |
| IPO QIB Quota | 50% of the Net Issue |
| IPO HNI Quota | 15% of the Net Issue |
| Fresh Issue Size | Rs. 71.62 Crores |
| Offer For Sale (OFS) | Rs. 17.20 Crores |
| IPO Issue Price | Rs 82 to 86 per share |
| IPO Share Face Value | Rs 5 per share |
| Promoters Holding Before IPO | 90.55% |
| Promoters Holding After IPO | 65.63% |
| IPO Discount | N/A |
Rikhav Securities SME IPO Allotment Status
Check Rikhav Securities IPO Status here: https://linkintime.co.in/Initial_Offer/public-issues.html
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Rikhav Securities SME IPO GMP
*Disclaimer: The GMP rates displayed are purely for informational purposes and reflect grey market activity reported in the news. We neither participate in grey market trading nor endorse or encourage any involvement in it.
| Date | GMP | GMP Trend | Estimated Listing Price |
| 21st Jan 2025 | 93 |  |
₹179 (108.14%) |
| 20th Jan 2025 | 100 | – | ₹186 (116.28%) |
| 19th Jan 2025 | 100 |  |
₹186 (116.28%) |
| 18th Jan 2025 | 90 | |
₹176 (104.65%) |
| 17th Jan 2025 | 85 | – | ₹171 (98.84%) |
| 16th Jan 2025 | 85 | |
₹171 (98.84%) |
| 15th Jan 2025 | 70 | – | ₹156 (81.4%) |
| 14th Jan 2025 | 70 | |
₹156 (81.4%) |
| 13th Jan 2025 | 65 | |
₹151 (75.58%) |
Rikhav Securities SME IPO Promoter Details
| Promoter Name | Promoter Holding (%) |
| Hitesh Himatlal Lakhani | 7.64% |
| Rajendran N Shah | 4.79% |
| Bharti Hitech Lakhani | 4.08% |
| Vaishali R Shah | 6.6% |
| Deep Hitech Lakhani | 6.44% |
| Monil Rajendra Shah | 0% |
| Hitesh H Himatlal Lakhani HUF | 4.39% |
| Vikram Navalchand Shah | 6.7% |
| Mahesh Navalchand Shah | 6.6% |
| Dharmesh Navalchand Shah | 6.6% |
| SJS Securities LLP | 4.25% |
| Nidhi Hitech Lakhani | 4.24% |
| Himatlal Jethalal Lakhani HUF | 3.65% |
| Dharmesh Navalchand Shah HUF | 1.46% |
| Rajendra Navalchand Shah HUF | 1.24% |
| Navalchand Virchand Shah HUF | 1.2% |
| Monil Rajendra Shah & Rajendra | 1.17% |
| Dhairya Dharmesh Shah Dharmesh | 1.17% |
| Vikram Navalchand Shah HUF | 1.14% |
| Mahesh Navalchand Shah HUF | 1.1% |
| Chhaya Jayesh Maniyar | 0.9% |
| Hitesh Manilal Shah | 0.8% |
| Manilal Raghunath Shah | 0.6% |
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Rikhav Securities SME IPO Lot Details
| Application Type | No Of. Lots | Total Shares | Total Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | Rs. 1,37,600 |
| Retail (Max) | 1 | 1,600 | Rs. 1,37,600 |
| HNI (Min) | 2 | 3,200 | Rs. 2,75,200 |
Rikhav Securities Ltd. Financials
| Period Ended | 30th Sep 2024 | 31st Mar 2024 | 31st Mar 2023 | 31st Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Company’s Assets | 33,791.49 | 30,206.82 | 18,772.01 | 18,070.69 | ||||||||||||||||||||||||||||||||||||
| Company’s Revenue | 9,615.83 | 11,134.26 | 5,452.43 | 4,298.31 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax (PAT) | 5,037.32 | 4,264.63 | 1,910.27 | 1,762.47 | ||||||||||||||||||||||||||||||||||||
| Company’s 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 Borrowings of Company | 2,598.06 | 4,806.11 | 994.27 | 1,506.12 | ||||||||||||||||||||||||||||||||||||
| Amount in INR Lakhs | ||||||||||||||||||||||||||||||||||||||||
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Rikhav Securities Ltd. KPIs
| KPI | Values |
|---|---|
| Return On Equity (ROE) | 36.60% |
| Return on capital employed (ROCE) | 29.48% |
| Debt to Equity Ratio | 0.35 |
| Return on Net Worth (RoNW) | 30.89% |
| PAT Margins | 40.94 |
| Price to Book Value | 1.87 |
About Rikhav Securities Ltd.
Rikhav Securities Limited was first incorporated in the year of 1995, 21st March as Brijmohan Sagarmal Finance Ltd. But, later it was renamed as Rikhav Securities Ltd on 13th January 2006. Company started the Full Fledged Operations from April, 2007 under the provisions of the Companies Act, 1956. Rikhav Securities Limited operates in the Finance Industry.
Company offers a full suite of easy to use brokerage, investing and banking related solutions, delivered at competitive prices. Company’s has 6 board of directors. Hitesh Himatlal Lakhani is one of the board of director with 7.64% holding in the company. Company is working with 5 banks, which has some major names as well like Kotak Mahindra Bank and HDFC Bank.
Rikhav Securities Limited is officially registered with SEBI and also has a memberships in the Multi Commodity Exchange (MCX), Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India (NSE).
Rikhav Securities Ltd Contact Details
Rikhav Securities Limited
Office No. 922 – A 9th Floor,
P. J. Towers, Dalal Street,
Fort, Mumbai, Maharashtra-400001 India
Phone Number: 022-69078300
Email Address: investor@rikhav.in
Website Url: https://www.rikhav.net/
Rikhav Securities IPO Lead Manager
Smart Horizon Capital Advisors Private Limited
B/908, Western Edge II, Kanakia Space, Off
Western Express Highway, Magathane, Borivali
East, Mumbai – 400066, Maharashtra, India
Phone Number: 8879046822
Email Address: Investors@shcapl.com
Website Url: https://shcapl.com/
Rikhav Securities IPO Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone Number: 022-4918 6270
Email Address: rikhav.smeipo@linkintime.co.in
Website Url: https://linkintime.co.in/