Rikhav Securities IPO is set to open for subscription on January 15, 2025, and will close on January 17, 2025. This Book Built Issue aims to raise approximately ₹88.82 crores, comprising a fresh issue of 83.28 lakh equity shares aggregating to ₹71.62 crores and an offer for sale of 20 lakh shares amounting to ₹17.20 crores.
The IPO price band is set at ₹82 to ₹86 per share, with a minimum lot size of 1,600 shares, requiring an investment of at least ₹1,37,600 for retail investors. The shares are scheduled to list on the BSE SME platform, with the tentative listing date being January 22, 2025, and allotment finalization expected on January 20, 2025.
Investors may consider this IPO for long-term growth based on the company’s robust financials, which show revenue growing from ₹49.47 crores in 2023 to ₹104.16 crores in 2024, and profits increasing from ₹19.57 crores to ₹42.65 crores over the same period.
Overview of Contents
Rikhav Securities IPO Overview
| Details | Specifications |
|---|---|
| IPO Date | January 15, 2025 to January 17, 2025 |
| Listing Date | January 22, 2025 |
| Face Value | ₹5 per share |
| Price Band | ₹82 to ₹86 per share |
| Lot Size | 1,600 shares |
| Total Issue Size | 1,03,28,000 shares (₹88.82 Cr) |
| Fresh Issue | 83,28,000 shares (₹71.62 Cr) |
| Offer for Sale | 20,00,000 shares (₹17.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Market Maker Portion | 5,24,800 shares |
| Retail Investor Quota | 35% of the issue |
| HNI Investor Quota | 15% of the issue |
| QIB Investor Quota | 50% of the issue |
| Pre-Issue Shareholding | 2,99,64,000 shares |
| Post-Issue Shareholding | 3,82,92,000 shares |
Rikhav Securities IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,37,600 |
| Retail (Max) | 1 | 1600 | ₹1,37,600 |
| HNI (Min) | 2 | 3,200 | ₹2,75,200 |
Rikhav Securities IPO Dates
| Event | Date |
|---|---|
| IPO Opening Date | Wednesday, January 15, 2025 |
| IPO Closing Date | Friday, January 17, 2025 |
| Basis of Allotment Finalization | Monday, January 20, 2025 |
| Initiation of Refunds | Tuesday, January 21, 2025 |
| Shares Credited to Demat Accounts | Tuesday, January 21, 2025 |
| Listing Date on BSE SME | Wednesday, January 22, 2025 |
| UPI Mandate Confirmation Deadline | 5:00 PM on January 17, 2025 |
Rikhav Securities IPO Reservation
| Event | Date |
|---|---|
| IPO Opening Date | Wednesday, January 15, 2025 |
| IPO Closing Date | Friday, January 17, 2025 |
| Basis of Allotment Finalization | Monday, January 20, 2025 |
| Initiation of Refunds | Tuesday, January 21, 2025 |
| Shares Credited to Demat Accounts | Tuesday, January 21, 2025 |
| Listing Date on BSE SME | Wednesday, January 22, 2025 |
| UPI Mandate Confirmation Deadline | 5:00 PM on January 17, 2025 |
Rikhav Securities IPO Promoter Holding
The promoters of Rikhav Securities are a diverse and experienced group, including Mr. Hitesh Himatlal Lakhani, Mr. Rajendra N Shah, Ms. Bharti Hitesh Lakhani, Ms. Vaishali R Shah, Mr. Deep Hitesh Lakhani, Mr. Monil Rajendra Shah, and M/s. Hitesh Himatlal Lakhani HUF. Their leadership and expertise have played a pivotal role in shaping the company’s success. The pre- and post-issue shareholding details are provided below.
| Shareholding Structure | Percentage |
|---|---|
| Pre-Issue Shareholding | 90.55% |
| Post-Issue Shareholding | 65.63% |
Rikhav Securities IPO Anchor Investors Details
The Rikhav Securities IPO successfully raised ₹25.11 crore from anchor investors ahead of its public issue. The anchor bid date was January 14, 2025, with shares allocated under specific lock-in periods as per regulations.
| Details | Information |
|---|---|
| Anchor Bid Date | January 14, 2025 |
| Shares Offered to Anchor Investors | 29,20,000 |
| Anchor Portion Size | ₹25.11 crore |
| Lock-in Period End Date (50% Shares) | February 20, 2025 |
| Lock-in Period End Date (Remaining 50% Shares) | April 21, 2025 |
About Rikhav Securities IPO
Incorporated in 1995, Rikhav Securities Limited is a prominent financial services provider in India, offering a comprehensive suite of services, including brokerage, investment advisory, and banking solutions. The company is registered with SEBI as a stockbroker and is a member of BSE Limited (BSE), National Stock Exchange of India (NSE), and Multi Commodity Exchange (MCX).
Rikhav Securities provides a wide array of services, such as equity broking, cash delivery, intra-day trading, futures, and options. It actively trades in derivatives and commodities and operates as a Self-Clearing Member with the Indian Clearing Corporation and NSE Clearing to ensure seamless trade settlements. Additionally, the company facilitates IPO participation, provides depository services for demat accounts, and offers mutual fund advisory services to guide clients in achieving their financial goals.
The company prides itself on its integrated financial services platform, experienced management team, and long-term client relationships, which form its core competitive strengths. With 394 employees as of September 30, 2024, the company has established a robust operational infrastructure supported by state-of-the-art technology, enabling smooth operations across branches and franchisees.
Key Highlights of Rikhav Securities IPO
- Customer-Centric Approach: The company prioritizes delivering exceptional customer service by adopting a research-driven strategy encapsulated in its motto, “Research Delivers and Research Differentiates.”
- Growth-Oriented Business Strategy: Rikhav Securities aims to expand its network of branches and franchisees to meet growing demand in IPOs and retail businesses while focusing on high-net-worth individuals (HNIs) and retail clients.
- Modernized Operations: The company leverages advanced technology for online trading, depository services, and back-office operations, ensuring convenience and reliability for its clients.
Rikhav Securities Limited’s strong operational framework, combined with a customer-first philosophy and a vision for growth, makes it an attractive prospect for investors considering its IPO.
Rikhav Securities IPO Company Financial Report
Rikhav Securities Limited has shown significant growth in its financial performance over the years. The company has consistently increased its revenue and profitability while maintaining a strong asset base. Below is a summary of its financial highlights:
| Financial Period | Total Income (₹ Cr.) | Operating Costs (₹ Cr.) | Net Earnings (₹ Cr.) | Total Assets (₹ Cr.) |
|---|---|---|---|---|
| FY 2022 | ₹42.98 | ₹20.86 | ₹17.62 | ₹180.71 |
| FY 2023 | ₹54.52 | ₹29.90 | ₹19.57 | ₹187.72 |
| FY 2024 | ₹111.34 | ₹58.98 | ₹42.65 | ₹302.07 |
| Till November 2024 | ₹96.16 | ₹33.24 | ₹50.37 | ₹337.91 |
Key Performance Indicators (KPIs) of Rikhav Securities
Rikhav Securities Limited showcases impressive financial metrics that underline its operational efficiency and financial health. These KPIs highlight the company’s ability to deliver strong returns, maintain profitability, and operate with a balanced capital structure.
| Metric | Performance Figures |
|---|---|
| Return on Equity (ROE) | 36.60% |
| Return on Capital Employed | 29.48% |
| EBITDA Profitability Ratio | 46.32% |
| Net Profit Margin (PAT) | 40.94% |
| Leverage Ratio (Debt/Equity) | 0.35 |
| Earnings Per Share (EPS) | ₹14.23 (Basic) |
| Price-to-Earnings Ratio | N/A |
| Net Worth Return (RoNW) | 30.89% |
| Net Asset Value (NAV) | ₹46.08 |
Peer Group Comparison
When evaluating Rikhav Securities Limited’s performance in the market, it is important to compare it to its key competitors in the industry. Below is a comparison of the company’s financial metrics with those of other major players in the financial services sector.
| Competitor | Earnings Per Share (EPS) | Price-to-Earnings (P/E) Ratio | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Total Income |
|---|---|---|---|---|---|
| Securities & Brokerage Limited | ₹5.43 | 29.09 | 25.42 | ₹21.37 | – Cr. |
| Angel Capital Ltd. | ₹134.21 | 20.57 | 37.04 | ₹361.70 | – Cr. |
| India Share Securities Ltd. | ₹25.41 | 11.99 | 24.37 | ₹91.23 | – Cr. |
| Pune E-Stock Trading Ltd. | ₹11.04 | 16.68 | 9.77 | ₹81.33 | – Cr. |
Objects of the Issue
- Funding our incremental working capital requirements;
- Funding of capital expenditure requirements of our Company towards purchase of IT Software, Computers and Laptops:
- General corporate purposes;
Rikhav Securities IPO Registrar
Link Intime India Private Limited
Phone: +91 91 810 811 4949
Email: rikhav.smeipo@linkintime.co.in
Website: https://www.linkintime.co.in/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Smart Horizon Capital Advisors Private Limited
Company Address
Rikhav Securities Limited
B – Wing, Office No. 501 & 502, O2 Commercial Building,
Asha Nagar Park Road, Mulund West, Mumbai – 400 080
Phone: +91 022 – 69078300
E-mail: investor@rikhav.in
Website: www.rikhav.net
Rikhav Securities IPO FAQs
What is the Rikhav Securities IPO Date?
The Rikhav Securities IPO will open on January 15, 2025, and close on January 17, 2025.
What is the price band for the Rikhav Securities IPO?
The price band for the Rikhav Securities IPO is ₹82 to ₹86 per share.
What is the minimum investment required for retail investors?
Retail investors need to apply for a minimum of 1,600 shares, amounting to ₹1,37,600.
What is the allotment date for the Rikhav Securities IPO?
The allotment for the Rikhav Securities IPO is expected to be finalized on January 20, 2025.
Where will the Rikhav Securities IPO list?
The IPO will be listed on the BSE SME platform with a tentative listing date of January 22, 2025.
What is the total issue size of the Rikhav Securities IPO?
The total issue size of the Rikhav Securities IPO is approximately ₹88.82 crore.
Who are the promoters of Rikhav Securities?
The promoters of Rikhav Securities are Mr. Hitesh Himatlal Lakhani, Mr. Rajendra N Shah, Ms. Bharti Hitesh Lakhani, Ms. Vaishali R Shah, Mr. Deep Hitesh Lakhani, Mr. Monil Rajendra Shah, and M/s. Hitesh Himatlal Lakhani HUF.
How can I apply for the Rikhav Securities IPO?
You can apply for the IPO through UPI mandates, brokerage platforms, or through the ASBA (Application Supported by Blocked Amount) facility provided by banks.
What is the lock-in period for anchor investors?
The lock-in period for anchor investors is divided into two phases: 30 days for 50% of shares (ending on February 20, 2025), and 90 days for the remaining shares (ending on April 21, 2025).
What is the financial strength of Rikhav Securities?
As of the latest financials, Rikhav Securities reported a revenue of ₹111.34 crore in 2024, with a profit of ₹42.65 crore, reflecting strong growth.