IPO - Check IPO Date, Price, Lot Size

Rikhav Securities Ltd IPO

Our company Rikhav Securities Limited (RSL), established in the year 1995, is engaged the business of equity broking, investing, and trading activities. Our services encompass a comprehensive range of financial activities such as, equity broking, we offer cash delivery, intra-day trading, futures, and options. We are actively involved in trading across various derivative and commodity segments. Additionally, as a Self-Clearing Member of both the Indian Clearing Corporation Limited (ICCL) and NSE Clearing Limited (NCL), we ensure the smooth settlement of trades and assistance with IPO participation, and demat account management. As a mutual fund advisor and distributor, we guide clients through their investment options. Additionally, engage in market making for newly listed securities and make proprietary investments in tradable securities and derivatives.

Rikhav Securities Ltd IPO Details

Total Shares Offered

₹ 1,03,28,000

Offer to Public

20,00,000

Retail Max (Shares)

₹ 34,48,000

Pre Issue Promoters Holding

₹ 2,30,07,700

Exchange

BSE

Issue size

₹ 88.82 Cr

IPO Open Date

Jan 15, 2025

Close Date

Jan 17, 2025

Lot Size

1600

Min Investment

₹ 1,31,200

Issue Type

Book Building - SME

Listing Date

Jan 22, 2025

Rikhav Securities Ltd IPO Dates

Jan 15, 2025

Opening date

Jan 17, 2025

Closing date

Jan 20, 2025

Basis of Allotment

Jan 21, 2025

Initiation of Refunds

Jan 21, 2025

Credit of Shares

Jan 22, 2025

Listing date

Details

Sector	Type
Sector	Finance & Investments
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	68.55x	4875200	334184000
NII	616.78x	1480000	912830400
Retail	251.36x	3448000	866684800
Employee	0x	0	0
Total	204.66x	10328000	2113699200

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

68.55x

616.78x

251.36x

204.66x

4875200

1480000

3448000

10328000

334184000

912830400

866684800

2113699200

Rikhav Securities Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	317.91	103.42	49.47
EBITDA	29.68	52.73	25.27
PAT	23.93	42.37	20.19
Total Assets	110.78	53.05	80.98
Share Capital	19.15	14.98	14.98
Total Borrowings	6.14	36.82	5.37
Operating Activities (Net Cash)	24.62	42.97	20.67
Investing Activities (Net Cash)	1.54	132.73	99.66
Financing Activities (Net Cash)	6.14	36.82	5.37
Net Cashflow	-16.31	12.77	70.77

About Rikhav Securities Ltd

Our Company was originally incorporated under the name Brijmohan Sagarmal Finance Limited under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated March 21, 1995, issued by the Additional, Registrar of Companies, Maharashtra. Subsequently the name of the company was changed to Rikhav Securities Limited vide special resolution passed by the shareholders at the Extra Ordinary General Meeting held on November 12, 2005 and a Fresh Certificate of Incorporation pursuant to change of name dated February 13, 2006, was issued by Registrar of Companies, Maharashtra, Mumbai. The Corporate Identification Number of our Company is U99999MH1995PLC086635.

India has a diversified financial sector undergoing rapid expansion both in terms of strong growth of existing financial services firms and new entities entering the market. The sector comprises commercial banks, insurance companies, nonbanking financial companies, co-operatives, pension funds, mutual funds and other smaller financial entities. The banking regulator has allowed new entities such as payment banks to be created recently, thereby adding to the type of entities operating in the sector. However, the financial sector in India is predominantly a banking sector with commercial banks accounting for more than 64 % of the total assets held by the financial system.

Peer Comparison:

Alacrity Securities Ltd
Angel One Ltd
Share India Securities Ltd
Pune e-Stock Broking Ltd

Rikhav Securities Ltd Key Points

Strengths

An integrated financial services platform.

Risk management system.

Long term relationship with the clients.

Experienced management team with proven execution capabilities.

Risk

We have certain outstanding litigation against us, an adverse outcome of which may adversely affect our business, reputation and results of operations.

Our Company has been subject to certain penal actions from the Stock Exchanges and Regulatory Authority in the past in the past. There can be no assurance that we will not be subjected to such penalties in the future, which may in turn adversely affect our financial conditions, our operations and profitability.

We are subject to extensive statutory and regulatory requirements and supervision, which have material influence on, and consequences for, our business operations.

Strategy

Augment our fund based capacities for stock broking and allied activities.

Hiring and retaining talented employees.

Embrace Technological Advancements.

Focus on risk management.

Entering into new geographies.

How To Apply for Rikhav Securities Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Rikhav Securities Ltd IPO?

Rikhav Securities Ltd's IPO offers shares for up to 71.62 It begins on Jan 15, 2025 and ends on Jan 17, 2025.

What is the price of the Rikhav Securities Ltd IPO?

The price of Rikhav Securities Ltd IPO ranges between ₹82 to ₹86 per share.

What are the open and close dates for the Rikhav Securities Ltd IPO?

The Rikhav Securities Ltd IPO opens on Jan 15, 2025 and closes on Jan 17, 2025.

When will the Rikhav Securities Ltd IPO be allotted?

The allotment for the Rikhav Securities Ltd IPO will be finalised on Jan 20, 2025. The shares will be listed on BSE and NSE on Jan 22, 2025.

What is the minimum lot size required for Rikhav Securities Ltd IPO?

The minimum lot size for Rikhav Securities Ltd IPO is 1600 shares, priced between ₹82 to ₹86 per share.

What is the GMP of Rikhav Securities Ltd IPO?

The GMP (Grey Market Premium) of Rikhav Securities Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Rikhav Securities Ltd IPO?

To check the allotment status of Rikhav Securities Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Rikhav Securities Ltd IPO getting listed?

The Rikhav Securities Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jan 15, 2025, and closes on Jan 17, 2025. The allotment is finalised on Jan 20, 2025.

How do you apply for the Rikhav Securities Ltd IPO?

To apply for the Rikhav Securities Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.