Rikhav Securities Limited (BSE SME)
Jan 15, 2025 - Jan 17, 2025
| Price | ₹82 - ₹86 |
| Premium | ₹96 |
|---|---|
| Lot size | 1600 |
| Allotment | Jan 20, 2025 |
| Listing | Jan 22, 2025 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 137600 | 2155 |
| HNI | 2 | 3200 | 275200 | 925 |
Last updated on 17-Jan-2025 18:59:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 1955200 | 334184000 | 170.92 |
| HNIs | 1480000 | 912830400 | 616.78 |
| Retail | 3448000 | 866684800 | 251.36 |
| Total | 6883200 | 2113699200 | 307.08 |
| Total Applications: 871612 | |||
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹19.7 | @8% ₹22.6 | @9% ₹25.4 | @10% ₹28.2 | @11% ₹31 | @12% ₹33.8 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹71.2 | @8% ₹81.4 | @9% ₹91.6 | @10% ₹101.7 | @11% ₹111.9 | @12% ₹122.1 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.38% | 3448000 |
| NII (HNI) | 14.33% | 1480000 |
| Anchor | 28.27% | 2920000 |
| QIB | 18.93% | 1955200 |
| Market Maker | 5.08% | 524800 |
| Total | 100.00% | 10328000 |
Rikhav Securities IPO Details
| Issue Size | 1,03,28,000 shares (aggregating up to ₹88.82 Cr) |
| Fresh Issue | 83,28,000 shares (aggregating up to ₹ 71.62 Cr) |
| Offer for Sale | 20,00,000 shares of ₹5 (aggregating up to ₹17.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 2,99,64,000 shares |
| Share Holding Post Issue | 3,82,92,000 shares |
| Market Maker Portion | 5,24,800 shares |
| Market Maker | Shreni Shares Limited |
Key Performance Indicator
| KPI | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 30.85% | 36.60% | 22.91% |
| ROCE | 30.66% | 29.48% | 26.68% |
| RONW | 26.73% | 30.89% | 20.12% |
| D/E | 0.14 | 0.35 | 0.1 |
| EPS (basic) | 16.81 | 14.23 | 6.38 |
| P/E Pre IPO | 6.04 | ||
| P/E Post IPO | 3.27 |
Company Financials In Lakhs
| Period Ended | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 33,791 | 30,207 | 18,772 | 18,071 |
| Revenue | 9,616 | 11,134 | 5,452 | 4,298 |
| Profit After Tax | 5,037 | 4,265 | 1,910 | 1,762 |
| Net Worth | 18,845 | 13,808 | 9,496 | 7,586 |
| Reserves and Surplus | 17,347 | 12,310 | 7,998 | 7,087 |
| Total Borrowing | 2,598 | 4,806 | 994 | 1,506 |
About Company
Incorporated in 1995, Rikhav Securities Limited is a prominent financial services company in India offering a range of brokerage, investing, and banking services. Registered with SEBI as a stockbroker, the company holds memberships with BSE Limited (BSE), the National Stock Exchange of India (NSE), and the Multi Commodity Exchange (MCX). Its services include equity broking, cash delivery, intra-day trading, and futures and options, as well as trading in derivative and commodity segments. As a Self-Clearing Member of the Indian Clearing Corporation and NSE Clearing, Rikhav Securities ensures seamless trade settlements. The company supports clients in IPO participation and provides depository services for demat accounts. Additionally, it acts as a mutual fund advisor, offering guidance on investment options, and engages in market-making activities, reinforcing its comprehensive financial services portfolio. As of September 30, 2024, the company has about 394 employees managing daily operations and administrative, legal, and accounting functions.
Smart Horizon Capital Advisors Private Limited
Client Loyalty: Strong long-term relationships with clients ensure sustained business growth.
Comprehensive Services: An integrated financial services platform provides diverse offerings under one roof.
Expert Leadership: An experienced management team with proven execution capabilities drives operational excellence.
Litigation Risk: Outstanding litigation could negatively impact the company's business, reputation, and financial performance if outcomes are adverse.
Regulatory Penalties: Past penal actions from stock exchanges and regulatory authorities pose a risk of future penalties, potentially affecting profitability and operations.
Compliance Burden: Extensive statutory and regulatory requirements significantly influence the business, posing operational and financial risks.
Phone: +91-22-4918 6270
Email: rikhav.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html