Rikhav Securities Limited is gearing up for its Initial Public Offering (IPO), set to open for subscription on January 15, 2025, and close on January 17, 2025. This IPO is a significant event for the company and the market, as it aims to raise Rs 88.82 crore through a combination of fresh issue and offer-for-sale.
Rikhav Securities Limited IPO Details
The IPO consists of:
- Fresh Issue: 83.28 lakh shares worth Rs 71.62 crore
- Offer-for-Sale: 20 lakh shares worth Rs 17.20 crore by public shareholders
The price band for the Rikhav Securities IPO is set between Rs 82 and Rs 86 per share, with a minimum lot size of 1,600 shares for applications. The minimum investment required for retail investors is approximately Rs 1,31,200 to Rs 1,37,600, and Rs 2,75,200 for HNI investors.
Leading the Rikhav Securities IPO is Smart Horizon Capital Advisors Private Limited, with Link Intime India Private Ltd as the registrar and Shreni Shares Limited as the market maker.
Please refer to the Rikhav Securities IPO RHP for more detailed information.
Investor Reservation
The IPO allocation is divided among different investor categories:
- Qualified Institutional Buyers (QIBs): 50% of the net issue.
- Non-Institutional Investors (NIIs): 15% of the net issue.
- Retail Investors: 35% of the net issue
Use of Proceeds
The funds raised from the IPO will be utilized for:
- Working Capital Requirements: To support the company’s day-to-day operations.
- Purchase of IT Software, Computers, and Laptops: To enhance the company’s technological infrastructure.
- General Corporate Purposes: For other business needs and growth initiatives
Rikhav Securities Limited IPO Timeline
Rikhav Securities IPO opens on January 15, 2025, and closes on January 17, 2025.
- IPO Opening Date: January 15, 2025
- IPO Closing Date: January 17, 2025
- Basis of Allotment: January 20, 2025
- Listing Date: January 22, 2025
Rikhav Securities IPO Lot Size
Rikhav Securities Limited IPO:
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1,600 | ₹1,37,600 |
Retail (Max) | 1 | 1,600 | ₹1,37,600 |
HNI (Min) | 2 | 3,200 | ₹2,75,200 |
Rikhav Securities Background
“Rikhav Securities Limited” (RSL), established in the year 1995, is engaged the business of equity broking, investing, and trading activities. Rikhav Securities is registered with SEBI as a stock broker and holds memberships with BSE Limited (BSE), National Stock Exchange of India (NSE), and Multi Commodity Exchange (MCX)..
Company services encompass a comprehensive range of financial activities such as, equity broking, we offer cash delivery, intra-day trading, futures, and options.
Rikhav Securities Limited is actively involved in trading across various derivative and commodity segments. Additionally, as a Self-Clearing Member of both the Indian Clearing Corporation Limited (ICCL) and NSE Clearing Limited (NCL), Rikhav Securities Limited ensure the smooth settlement of trades.
Rikhav Securities Limited also assist clients in participating in Initial Public Offerings (IPOs) and provide depository services, including the opening and maintenance of demat accounts. As a mutual fund advisor and distributor, Rikhav Securities Limited guide clients through mutual fund investments, ensuring they navigate their options effectively.
According to Chittorgarh.com, As of September 30, 2024, the company has about 394 employees managing daily operations and administrative, legal, and accounting functions.
Rikhav Securities Limited Financial Information
As per Restated Consolidated Financial Information: the past three Fiscals
Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
---|---|---|---|---|
Assets | 33,791.49 | 30,206.82 | 18,772.01 | 18,070.69 |
Revenue | 9,615.83 | 11,134.26 | 5,452.43 | 4,298.31 |
Profit After Tax | 5,037.32 | 4,264.63 | 1,910.27 | 1,762.47 |
Net Worth | 18,845.06 | 13,807.74 | 9,496.21 | 7,585.94 |
Reserves and Surplus | 17,346.86 | 12,309.54 | 7,998.01 | 7,086.54 |
Total Borrowing | 2,598.06 | 4,806.11 | 994.27 | 1,506.12 |
the key financial performance:
Key Financial Performance | September 30, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
---|---|---|---|---|
Revenue from Operations (1) | 9,285.81 | 10,416.17 | 4,946.76 | 3,549.91 |
EBITDA (2) | 6,271.77 | 4,824.87 | 2,337.52 | 1,832.45 |
EBITDA Margin (%) (3) | 67.54% | 46.32% | 47.25% | 51.62% |
PAT | 5,037.32 | 4,264.63 | 1,957.17 | 1,762.47 |
PAT Margin (%) (4) | 54.25% | 40.94% | 39.56% | 49.65% |
Return on Equity (%) (5) | 30.85% | 36.60% | 22.91% | 26.29% |
Return on Capital Employed (%) (6) | 30.66% | 29.48% | 26.68% | 28.07% |
Debt-Equity Ratio (times) (7) | 0.14 | 0.35 | 0.10 | 0.20 |
Net Fixed Asset Turnover Ratio (times) (8) | 43.01 | 51.01 | 23.72 | 40.01 |
Rikhav Securities IPO Promoter Holding
The company’s promoters include Hitesh Himatlal Lakhani, Rajendra N Shah, Bharti Hitesh Lakhani, Vaishali R Shah, Deep Hitesh Lakhani, Monil Rajendra Shah, and M/s Hitesh Himatlal Lakhani HUF.
Shareholding | Percentage |
---|---|
Pre-Issue | 90.55% |
Post-Issue | 65.63% |
For more detailed information, please refer to the Rikhav Securities IPO RHP.
Also Read — Laxmi Dental Limited IPO
Rikhav Securities Contact Details
Company Name: Rikhav Securities Limited
Office Address:
Office No. 922 – A,
9th Floor, P. J. Towers,
Dalal Street, Fort,
Mumbai – 400001, India
Contact Details:
Phone: 022 – 69078300
Email: investor@rikhav.in
Website: https://www.rikhav.net/