Rikhav Securities Limited IPO (Rikhav Securities IPO) Detail

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:

ApplicationLotsSharesAmount
Retail (Min)11,600₹1,37,600
Retail (Max)11,600₹1,37,600
HNI (Min)23,200₹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 Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets33,791.4930,206.8218,772.0118,070.69
Revenue9,615.8311,134.265,452.434,298.31
Profit After Tax5,037.324,264.631,910.271,762.47
Net Worth18,845.0613,807.749,496.217,585.94
Reserves and Surplus17,346.8612,309.547,998.017,086.54
Total Borrowing2,598.064,806.11994.271,506.12

the key financial performance:

Key Financial PerformanceSeptember 30, 2024March 31, 2024March 31, 2023March 31, 2022
Revenue from Operations (1)9,285.8110,416.174,946.763,549.91
EBITDA (2)6,271.774,824.872,337.521,832.45
EBITDA Margin (%) (3)67.54%46.32%47.25%51.62%
PAT5,037.324,264.631,957.171,762.47
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)0.140.350.100.20
Net Fixed Asset Turnover Ratio (times) (8)43.0151.0123.7240.01
source– RHP_Rikhav.pdf
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.

ShareholdingPercentage
Pre-Issue90.55%
Post-Issue65.63%

For more detailed information, please refer to the Rikhav Securities IPO RHP.

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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/

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