Rikhav Securities Limited

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Rikhav Securities Limited

Rikhav Securities Limited (RSL), established in 1995, is a diversified financial services firm engaged in equity broking, trading, and investment activities. They offer services including cash delivery, intraday trading, futures & options, and operate in both derivative and commodity markets. As a Self-Clearing Member of ICCL and NCL, RSL ensures smooth trade settlements. The company also provides IPO support, demat services, mutual fund distribution, and market making for newly listed securities, alongside proprietary investments in tradable assets

Price Band

₹82 - ₹86

Dates

15 Jan - 17 Jan

GMP

₹0 (0.00%)
Subscriptions

-

Issue Size

₹88.82 Crs
Rikhav Securities IPO Key Dates
Opening Date

15 Jan 25

Closing Date

17 Jan 25

Basis Of Allotment

20 Jan 25

Initiations Of Refund

21 Jan 25

Credit Of Shares

21 Jan 25

Listing Date

22 Jan 25

Rikhav Securities IPO Objects

  1. Funding our incremental working capital requirements
  2. Funding of capital expenditure requirements of our Company towards purchase of IT Software, Computers and Laptops:
  3. General corporate purposes

Rikhav Securities IPO Details
Price Band

₹82 - ₹86

Listing At

BSE SME
IPO Issue Type

100% Book Built Offer
Fresh Issue

₹71.62 Cr (0.83 Cr Shares)
Offer For Sale

₹17.20 Cr (0.20 Cr Shares)
Total Issue

₹88.82 Cr (1.03 Cr Shares)
Face Value

₹10 per equity share
Rikhav Securities IPO Lot Information
Investor Category Lot Shares Amount
Retail
Minimum 1 1,600 1,37,600
Maximum 1 1,600 1,37,600
NII
Minimum 2 3,200 2,75,200
Rikhav Securities IPO Subscription

-

Investor Category Subscription (times) Shares Offered Shared Bid
Total - 0 0
Rikhav Securities IPO GMP

The estimated Grey Market Premium of Rikhav Securities IPO is ₹0 per share (0.00%)

1. GMPs are available for IPOs with listing dates from May 1, 2025, onwards.

2. The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.

Category Allocation
Particulars Allocation
QIB Not more than 50% of net offer
NII Not less than 15% of net offer
Retail Not less than 35% of net offer
Market Maker 5,24,800 EQ Share
Rikhav Securities IPO Financials

(Rs. in crores)

Particulars Sep-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 96.16 111.34 54.52 42.98
Profit after Tax 50.37 42.65 19.10 17.62
Net Worth 188.45 138.08 94.96 75.86
Total Borrowing 25.98 48.06 9.94 15.06
Total Assets 167.31 147.59 108.45 104.70
NAV per share (in ₹) 62.89 46.08 31.69 25.32
EPS - Basic (in ₹) 16.81 14.23 6.38 5.88

The financial information presented is on a consolidated basis

Key Performance Indicators
KPI KPI
EBITDA 46.32%
PAT 40.94%
ROE 36.60%
ROCE 29.48%
Debt to Equity 0.35
PE Ratio 6.04
PB Ratio 1.87
Mkt Cap (in Crs.) 329.31
  • All Ratios are based on Mar 24
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
Rikhav Securities IPO Peer Comparision

(Rs. in crores)

Particulars Co. Alacrity Securities Angel One Share India Securities "Pune E – Stock Broking"
Revenue from Ops (in Crs.) 104.16 341.20 4,271.68 1,482.81 66.43
PAT (In Crs.) 42.30 11.45 1,125.52 425.76 12.43
EPS - Basic 14.23 5.43 134.21 25.41 11.04
NAV per share 46.08 21.37 361.70 91.23 81.33
RONW 30.89 25.42 37.04 24.37 9.77
EBITDA 46.32% 4.89% 39.60% 44.24% 13.86%
PAT Margin 40.61% 3.36% 26.35% 28.71% 18.72%
Price to earning (PE) 6.04 29.09 20.57 11.99 16.68
Debt to Equity 0.35 0.04 0.83 0.22 0.21
  • All the information pertains to FY 2023-24
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers
Rikhav Securities IPO Peer Comparision

(Rs. in crores)

Particulars Co.
Revenue from Ops (in Crs.) 104.16
PAT (In Crs.) 42.30
EPS - Basic 14.23
NAV per share 46.08
RONW 30.89
EBITDA 46.32%
PAT Margin 40.61%
Price to earning (PE) 6.04
Debt to Equity 0.35
Alacrity Securities Angel One Share India Securities "Pune E – Stock Broking"
341.20 4,271.68 1,482.81 66.43
11.45 1,125.52 425.76 12.43
5.43 134.21 25.41 11.04
21.37 361.70 91.23 81.33
25.42 37.04 24.37 9.77
4.89% 39.60% 44.24% 13.86%
3.36% 26.35% 28.71% 18.72%
29.09 20.57 11.99 16.68
0.04 0.83 0.22 0.21
  • All the information pertains to FY 2023-24
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers
Promoter Details
Name Shareholding
Mr. Hitesh Himatlal Lakhani 7.64%
Ms. Vaishali R Shah 6.60%
Mr. Deep Hitesh Lakhani 6.44%
Mr. Rajendra N Shah 4.79%
M/s. Hitesh Himatlal Lakhani HUF 4.39%
Ms. Bharti Hitesh Lakhani 4.08%
Other Promoter 41.65%
Management Details
Name Designation
Mr. Hitesh Himatlal Lakhani Chairman & MD
Mr. Hemant Hasmukh Shah CFO
Company Details

Name : Rikhav Securities Limited

Adbdress : Office No. 922 - A, 9th Floor, P. J. Towers, Dalal Street, Fort, Mumbai - 400 001, Maharashtra, India

Number : 022 - 69078300

Email : investor@rikhav.in

Website : https://www.rikhav.net/

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Frequently Asked questions?

Find answers to common questions that come in your mind related to IPO.

Rikhav Securities IPO is a SME IPO having an issue size of Rs. ₹88.82 Crs. Rikhav Securities IPO is priced at ₹82 - ₹86 per share. The issue opens on 15 Jan 25 and closes on 17 Jan 25.

Rikhav Securities IPO opens on 15 Jan 25 and closes on 17 Jan 25.

The estimated Grey Market Premium of Rikhav Securities IPO is ₹0 per share (0.00%).

The minimum lot size of Rikhav Securities IPO is 1600 shares & the minimum application amount is Rs. 137600.

The allotment date of Rikhav Securities IPO is 20 Jan 25.

The listing date of Rikhav Securities IPO is 22 Jan 25.

Rikhav Securities IPO is subscribed -.

Rikhav Securities IPO is priced at ₹82 - ₹86 per share.

Click the allotment link on Rikhav Securities IPO page of IPO360.

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  1. Log in to your bank's net banking portal.
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  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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