Rikhav Securities IPO
- IPO Date15 Jan, 2025 to 17 Jan, 2025
- Listing Date22 Jan, 2025
- Face Value₹5 per share
- Issue Price₹82 to ₹86 per share
- Lot Size1600 Shares
- Minimum Investment₹1,37,600
- Listing AtBSE SME
- Total Issue Size1,03,28,000 Shares
(aggregating up to ₹88.82 Cr) - Fresh Issue83,28,000 Shares
(aggregating up to ₹71.62 Cr)
- Offer for Sale20,00,000 Shares
(aggregating up to ₹17.20 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue2,99,64,000
- Shareholding post issue3,82,92,000
IPO Dates
Closing Date
17 Jan, 2025
Initiation of Refunds
21 Jan, 2025
Listing Date
22 Jan, 2025
15 Jan, 2025
Opening Date
20 Jan, 2025
Basis of Allotment
21 Jan, 2025
Credit of Shares
Rikhav Securities Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,37,600 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 1600 | ₹1,37,600 |
| S-HNI (Min) | 2 | 3200 | ₹2,75,200 |
| S-HNI (Max) | - | - | - |
Rikhav Securities Promoter Holding
The Promoters of the company 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.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 90.55% | 65.63% |
Rikhav Securities COMPANY INFORMATION
Rikhav Securities IPO is a book built issue of Rs 88.82 crores. The issue is a combination of fresh issue of 83.28 lakh shares aggregating to Rs 71.62 crores and offer for sale of 20.00 lakh shares aggregating to Rs 17.20 crores. Rikhav Securities IPO bidding opened for subscription on January 15, 2025 and will close on January 17, 2025. The allotment for the Rikhav Securities IPO is expected to be finalized on Monday, January 20, 2025. Rikhav Securities IPO will list on BSE SME with tentative listing date fixed as Wednesday, January 22, 2025. Rikhav Securities IPO price band is set at ₹82 to ₹86 per share. The minimum lot size for an application is 1600. The minimum amount of investment required by retail investors is ₹1,37,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹2,75,200. Smart Horizon Capital Advisors Private Limited is the book running lead manager of the Rikhav Securities IPO, while Link Intime India Private Ltd is the registrar for the issue.The market maker for Rikhav Securities IPO is Shreni Shares Limited.
Incorporated in 1995, Rikhav Securities 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.
Rikhav Securities IPO
IPO Overview and Key Highlights
Rikhav Securities, a Mumbai-based company specializing in financial and securities services, is offering its Initial Public Offering (IPO). The IPO comprises a fresh issue of 83,28,000 equity shares and an Offer for Sale (OFS) of 20,00,000 equity shares, totaling 1,03,28,000 equity shares with a face value of ₹5 each. The proceeds will be used to enhance working capital, expand operations, and fulfill general corporate purposes. The shares will be listed on the BSE SME platform
Key IPO Details
- Type of Issue: Book Built Issue
- Total Issue Size: 1,03,28,000 equity shares
- Face Value: ₹5 per share
- Offer Price: To be determined
- Offer Opens: January 15, 2025
- Offer Closes: January 17, 2025
- Listing Exchange: BSE SME
Company Overview
Incorporated in 1995 and headquartered in Mumbai, Rikhav Securities provides a wide range of financial services, including wealth management, equity trading, and investment advisory. Promoters include Hitesh Himatlal Lakhani, Rajendra N Shah, and others who bring decades of experience in the financial services sector.
Financial Overview
Rikhav Securities has demonstrated stable financial performance over the years, driven by robust demand for financial advisory and trading services. The IPO proceeds are expected to support its operational growth, diversify service offerings, and meet working capital requirements.
Key Strengths of Rikhav Securities
- Industry Expertise: Established track record in financial services and securities.
- Experienced Promoters: Led by seasoned professionals with decades of industry experience.
- Diverse Service Portfolio: Offers a broad range of financial products and services.
IPO Pros and Cons
Pros
- Sectoral Growth: Increasing demand for wealth management and financial advisory services.
- Operational Expansion: Proceeds to enhance service offerings and market presence.
- Established Market Reputation: Strong brand recognition in the financial services sector.
Cons
- Market Dependency: Revenue tied to market conditions and investor activity.
- Competitive Landscape: Faces competition from established financial services firms.
- Regulatory Risks: Must comply with evolving SEBI and other financial regulations.
Risk Factors
Investors should consider the following risks:
- Economic Sensitivity: Revenue influenced by fluctuations in the stock market and economy.
- Operational Challenges: Scaling operations while maintaining service quality.
- Regulatory Compliance: Adherence to financial and securities regulations.
Conclusion
The Rikhav Securities IPO offers an opportunity to invest in an established financial services provider with a strong market presence. With its experienced leadership and diverse service offerings, Rikhav Securities is well-positioned for growth. However, potential investors should evaluate risks related to market dependency, regulatory compliance, and competition before making an investment decision.
FAQs About Rikhav Securities Ipo
Rikhav Securities IPO will open on 15 Jan, 2025 and close on 17 Jan, 2025. Investors must apply within this period to participate.
The Rikhav Securities IPO price band is set between ₹82.00 and ₹86.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹137600.00.
The Rikhav Securities IPO shares are expected to be listed on 22 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your Rikhav Securities IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Rikhav Securities IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.