Rikhav Securities SME IPO
ListedBSE SMEOpens 15 January 2025Closes 17 January 2025
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…
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.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
15 Jan 2025
IPO Closes
17 Jan 2025
Allotment
20 Jan 2025
Listing
22 Jan 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 15 January 2025 |
| IPO Close Date | 17 January 2025 |
| Allotment Date | 20 January 2025 |
| Listing Date | 22 January 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,75,200 |
SHNI (Min) | 3 | ₹4,12,800 |
SHNI (Max) | 7 | ₹9,63,200 |
BHNIAbove ₹10,00,000 | 8 | ₹11,00,800 |
IPO Objectives
- 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 Purpose
Strengths
- Strong client relationships built over decades of reliable service.
- Comprehensive financial services across equity, derivatives, and commodities.
- SEBI-registered with memberships in major exchanges like NSE, BSE, and MCX.
- Proven management team with extensive experience in execution and operations.
- Robust infrastructure for seamless trade settlement as a Self-Clearing Member.
Weaknesses
- Limited presence compared to larger brokerage firms with pan-India networks.
- Heavy reliance on stock market performance for business growth.
- Intense competition in the financial services industry.
- Potential regulatory changes could impact operational flexibility.
- Higher operational costs due to a large workforce of 394 employees.
Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 337.91 | 302.07 | 187.72 | 180.71 |
| Revenue (₹ Cr.) | 96.16 | 111.34 | 54.52 | 42.98 |
| PAT (₹ Cr.) | 50.37 | 42.65 | 19.1 | 17.62 |
| Net Worth (₹ Cr.) | 188.45 | 138.08 | 94.96 | 75.86 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Rikhav Securities LTD | 1.87 | 3.27 | 30.89% | 188.45 |
| Alacrity Securities Ltd | 3 | 29.09 | 25.42% | 45.05 |
| Angel One LTD | 8.43 | 20.94 | 37.04% | 3,039 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0.87x | 170.92x |
| NII | 7.57x | 28.42x | 616.44x |
| RII | 13.66x | 59.41x | 251.36x |
| Total | 8.47x | 36.12x | 307.01x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 19,55,200 | 33,41,84,000 | 2,873.98 |
| NII | 14,80,000 | 91,23,24,800 | 7,845.99 |
| RII | 34,48,000 | 86,66,76,800 | 7,453.42 |
| Total | 68,83,200 | 2,11,31,85,600 | 18,173.4 |
Company Details
- Rikhav Securities Limited
- Office No. 922 - A 9th Floor, P. J. Towers, Dalal Street, Fort, Mumbai - 400001
- 022 - 69078300
- investor@rikhav.in
- https://www.rikhav.net/
Registrar Details
- Link Intime India Private Ltd
- +91-22-4918 6270
- rikhav.smeipo@linkintime.co.in
- https://linkintime.co.in/initial_offer/public-issues.html
Frequently Asked Questions
See live numbers on GMP, Subscription, and Allotment pages.
Rikhav Securities SME IPO News & Updates
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Rikhav Securities SME IPO IPO Pages
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Rikhav Securities SME IPO Details
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Rikhav Securities SME IPO GMP
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Rikhav Securities SME IPO Subscription
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Rikhav Securities SME IPO Allotment
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Rikhav Securities SME IPO News
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Sources
We match Rikhav Securities SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Link Intime India Private LtdOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.