Rikhav Securities SME IPO Subscription Status
Rikhav Securities SME IPO closed on 17 January 2025 with an overall subscription of 307.00x based on shares applied. QIB demand came in at 170.92x, NII at 616.44x, and retail at 251.36x.
Allotment will be finalised on 20 January 2025. The stock is scheduled to list on NSE and BSE on 22 January 2025.
Issue Price
Rs 86.00
GMP Today
Rs 96.00 (+111.63%)
Overall Subscription
307.00x
Issue Size
₹88.82 Cr
Allotment Date
20 Jan 2025
Listing Date
22 Jan 2025
Rikhav Securities SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 86.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 16.81 Cr | Rs 2,873.98 Cr | 170.92x |
| NII | Rs 12.73 Cr | Rs 7,845.99 Cr | 616.44x |
| IND | Rs 29.65 Cr | Rs 7,453.42 Cr | 251.36x |
| Total | Rs 59.20 Cr | Rs 18,173.40 Cr | 307.01x |
Rikhav Securities SME IPO Subscription by Shares
Category-wise subscription based on shares bid. Application-wise bid counts are not available for this IPO yet.
| Category | Shares Offered | Shares Bid | Subscription |
|---|---|---|---|
| QIB | 19,55,200 | 33,41,84,000 | 170.92x |
| NII | 14,80,000 | 91,23,24,800 | 616.44x |
| IND | 34,48,000 | 86,66,76,800 | 251.36x |
| Total | 68,83,200 | 2,11,31,85,600 | 307.01x |
What Do These Subscription Numbers Mean?
A subscription of 307.00x by shares means the IPO received bids for 307 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 170.92x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 170.92x, it reflects serious institutional conviction.
NII at 616.44x by shares: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription.
Retail at 251.36x by shares: Allotment is by lottery, but application-wise data is needed for accurate 1-in-X odds. Share oversubscription often overstates how hard allotment is.
Rikhav Securities SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Share subscription: 251.36x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
Check the Rikhav Securities SME IPO Allotment Status page from 20 January 2025 for your allotment result.
Rikhav Securities SME IPO GMP After Subscription
GMP for Rikhav Securities SME stands at Rs 96.00 today, giving an estimated listing price of Rs 182.00 per share.
A subscription of 307.00x combined with a GMP of 111.63% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Rikhav Securities SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Rikhav Securities SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 15 Jan 2025 | 0.00x | 7.57x | 13.66x | 8.47x |
| Day 2 - 16 Jan 2025 | 0.87x | 28.42x | 59.41x | 36.12x |
| Day 3 - 17 Jan 2025 | 170.92x | 616.44x | 251.36x | 307.01x |
Rikhav Securities SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 15 January 2025 |
| IPO Close Date | 17 January 2025 |
| Allotment Date | 20 January 2025 |
| Refund Initiation | 21 January 2025 |
| Share Credit to Demat | 21 January 2025 |
| Listing Date | 22 January 2025 |
| Minimum Investment | Rs 2,75,200.00 |
| Lot Size | 1600 shares |
About Rikhav Securities SME
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.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Rikhav Securities SME IPO Subscription FAQs
What is Rikhav Securities SME IPO subscription status today?
Rikhav Securities SME IPO subscription closed on 17 January 2025 with overall subscription of 307.00x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 170.92x, NII 616.44x, IND 251.36x.
What is the overall subscription of Rikhav Securities SME IPO?
Rikhav Securities SME IPO is subscribed 307.00x overall by shares at close on 17 January 2025. QIB 170.92x, NII 616.44x, and IND 251.36x.
What is Rikhav Securities SME IPO QIB subscription?
Rikhav Securities SME IPO QIB (Qualified Institutional Buyers) subscription is 170.92x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Rikhav Securities SME IPO IND subscription?
Rikhav Securities SME IPO IND subscription is 251.36x by shares. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Rikhav Securities SME IPO NII subscription?
Rikhav Securities SME IPO NII (Non-Institutional Investors) subscription is 616.44x by shares. NII covers bids above Rs 2 lakh.
What are allotment chances in Rikhav Securities SME IPO for retail?
Rikhav Securities SME IPO retail share subscription is 251.36x. Application-wise data is needed for accurate lottery odds.
When is Rikhav Securities SME IPO allotment date?
Rikhav Securities SME IPO allotment date is 20 January 2025. Check Rikhav Securities SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Rikhav Securities SME IPO subscription close?
Rikhav Securities SME IPO subscription closed on 17 January 2025. No new applications are accepted after the close.
What is Rikhav Securities SME IPO GMP today?
Rikhav Securities SME IPO GMP is ₹96 today (+111.63% over issue price ₹86). See live GMP on the Rikhav Securities SME IPO GMP Today page.
What is Rikhav Securities SME IPO issue price and lot size?
Rikhav Securities SME IPO issue price is ₹86 per share. Lot size is 1600 shares. Minimum investment is ₹2,75,200 per lot (minimum 2 lots for SME). Issue size: ₹88.82 Cr.
When is Rikhav Securities SME IPO listing date?
Rikhav Securities SME IPO listing date is 22 January 2025 on NSE and BSE. Allotment is on 20 January 2025.
How does subscription affect Rikhav Securities SME IPO allotment?
Allotment odds in Rikhav Securities SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 307.00x overall, competition is very high.
For allotment results from 20 January 2025, visit the Rikhav Securities SME IPO Allotment Status page. For listing day updates on 22 January 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.