Rikhav Securities Ltd IPO
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Rikhav Securities Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 103.28 L | ₹ 20 L | ₹ 34.48 L | ₹ 230.08 L | BSE | ₹ 88.82 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 15 Jan, 25 | 17 Jan, 25 | 1600 | ₹ 1,31,200 | Book Building - SME | 22 Jan, 25 |
Rikhav Securities Ltd IPO Dates
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 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Rikhav Securities Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 104.16 | 49.47 | 35.50 |
| EBITDA | 52.27 | 25.27 | 22.04 |
| PAT | 42.37 | 20.19 | 17.39 |
| Total Assets | 22.30 | 80.98 | 91.58 |
| Share Capital | 14.98 | 14.98 | 4.99 |
| Total Borrowings | 5.88 | 5.37 | 4.68 |
| Operating Activities (Net Cash) | 42.97 | 20.67 | 17.70 |
| Investing Activities (Net Cash) | 132.73 | 99.66 | 73.59 |
| Financing Activities (Net Cash) | 5.88 | 5.37 | 4.68 |
| Net Cashflow | 12.77 | 70.77 | 80.44 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- Alacrity Securities Ltd
- Angel One Ltd
- Share India Securities Ltd
- Pune e-Stock Broking Ltd
Rikhav Securities Ltd IPO 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.
- An integrated financial services platform.
- Risk management system.
- Long term relationship with the clients.
- Experienced management team with proven execution capabilities.
How To Apply for Rikhav Securities Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
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.
