Rikhav Securities Limited
Bookbuilding IPO · BSE
- Price band
- ₹82 - ₹86
- Lot size
- 1,600 shares
- Issue amount
- ₹88.82 cr
- Total subscription
- 307.08×
- Opens
- 15 Jan 2025
- Closes
- 17 Jan 2025
- Allotment
- 20 Jan 2025
- Listing
- 22 Jan 2025
Offer at a glance
Issue overview
- Issue size
- 1,03,28,000 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹1,31,200
- Fresh issue
- ₹71.62 cr
- Offer for sale
- ₹17.2 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,37,600
- Issue type
- Bookbuilding IPO
- Shares before issue
- 2,99,64,000
- Shares after issue
- 3,82,92,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,37,600 |
| HNI | 2 | 3,200 | ₹2,75,200 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 16.81 | 0 |
| RETAIL | 29.65 | 0 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 16.81 | 14.23 | 6.38 |
| ROE | 30.85 | 36.6 | 22.91 |
| ROCE | 30.66 | 29.48 | 26.68 |
| RONW | 26.73 | 30.89 | 20.12 |
| PRE IPO(PE) | 0 | 6.04 | 0 |
| POST IPO(PE) | 3.27 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 1995, Rikhav Securities Limited is a financial services firm offering a wide range of brokerage, investment, and banking solutions in India. Registered with SEBI and a member of BSE, NSE, and MCX, the company provides services such as equity broking, intra-day and F&O trading, commodity trading, IPO participation, and depository services. It also acts as a mutual fund advisor and market maker, ensuring comprehensive investment support for clients. As a Self-Clearing Member of Indian Clearing Corporation and NSE Clearing, Rikhav ensures smooth trade settlements. As of September 30, 2024, it employs around 394 professionals across operations, administration, legal, and accounting.
Strengths
- Client Loyalty: Long-term relationships with clients support stable and sustained business growth.
- Comprehensive Services: A unified financial services platform offering diverse solutions enhances client convenience and retention.
- Expert Leadership: A skilled management team with strong execution capabilities ensures strategic growth and operational excellence.
Risk factors
- Litigation Risk: Outstanding litigation could negatively impact the company's business, reputation, and financial performance if outcomes are adverse.
- Regulatory Penalties: Past penal actions from stock exchanges and regulatory authorities pose a risk of future penalties, potentially affecting profitability and operations.
- Compliance Burden: Extensive statutory and regulatory requirements significantly influence the business, posing operational and financial risks.
Promoters
Mr. Hitesh Himatlal Lakhani
Mr. Rajendra N. Shah
Ms. Bharti Hitesh Lakhani
Ms. Vaishali R. Shah
Mr. Deep Hitesh Lakhani
Mr. Monil Rajendra Shah
M/s. Hitesh Himatlal Lakhani
Objects of the issue
0
Registrar & documents
Lead manager
Smart Horizon Capital Advisors Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Office No. 922 - A 9th Floor, P. J. Towers, Dalal Street, Fort, Mumbai - 400001
022-69078300
[email protected]Company website ↗Understanding RIKHAV IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.