Rikhav Securities Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 4,875,200 (47%) | — | ₹4,193 Cr |
| NII (HNI) | — | 1,480,000 (14%) | — | ₹1,273 Cr |
| Retail | — | 3,448,000 (33%) | — | ₹2,965 Cr |
| Market Maker | — | 524,800 (5%) | — | ₹45 Cr |
| Σ Total | — | 10,328,000 (100%) | — | ₹88,821 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹137,600 |
| Retail (Max) | 13 | 20,800 | ₹1,788,800 |
| S-HNI (Min) | 14 | 22,400 | ₹1,926,400 |
| B-HNI (Min) | 67 | 107,200 | ₹9,219,200 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 9,616 | 11,134 | 5,452 |
| Profit After Tax | 5,037 | 4,265 | 1,910 |
| Net Worth | 18,845 | 13,808 | 9,496 |
| Total Assets | 33,791 | 30,207 | 18,772 |
| Reserves & Surplus | 17,347 | 12,310 | 7,998 |
| Total Borrowing | 2,598 | 4,806 | 994 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding the incremental working capital requirements; –
- Funding of capital expenditure requirements of the company towards the purchase of IT Software, Computers and Laptops: –
- General corporate purposes –
Company Overview
Incorporated in 1995, Rikhav Securities Limited is a financial services company in India that offers brokerage, investing, and banking services.
The company is registered with SEBI as a stockbroker and holds memberships with BSE Limited (BSE), the National Stock Exchange of India (NSE), and the Multi Commodity Exchange (MCX).
The company's services include equity broking, cash delivery, intra-day trading, futures, and options.
The company trades in various derivative and commodity segments. As a Self-Clearing Member of the Indian Clearing Corporation and NSE Clearing, the company ensure smooth trade settlements. Rikhav Securities helps clients participate in IPOs and provides depository services for demat accounts.
As mutual fund advisors, the company guides clients through their investment options.
The company also undertakes market-making activities.
Competitive Strength
- Long term relationship with the clients
- An integrated financial services platform
- Experienced management team with proven execution capabilities
As of September 30, 2024, the company has about 394 employees managing daily operations and administrative, legal, and accounting functions.