Rikhav Securities Ltd
Rikhav Securities Limited, a prominent financial services firm in India, is set to launch its Initial Public Offering (IPO) on January 15, 2025. This article provides a comprehensive overview of the IPO, including key dates, financials, and other essential details for potential investors.
Company Overview
Established in 1995, Rikhav Securities Limited operates as a SEBI-registered stockbroker and holds memberships with major exchanges such as BSE, NSE, and MCX. The company offers a wide range of services, including equity broking, intra-day trading, futures and options trading, and participation in various derivative and commodity segments. Additionally, Rikhav Securities provides depository services, mutual fund advisory, and market-making for newly listed securities.
IPO Timeline
- IPO Open Date: January 15, 2025
- IPO Close Date: January 17, 2025
- Allotment Finalization: January 20, 2025
- Initiation of Refunds: January 21, 2025
- Credit of Shares to Demat Accounts: January 21, 2025
- Listing Date: January 22, 2025
Price Band and Lot Size
- Price Band: ₹82 to ₹86 per share
- Face Value: ₹5 per share
- Lot Size: 1,600 shares
- Minimum Investment: ₹1,37,600
Issue Size
- Total Issue Size: ₹88.82 crore
- Fresh Issue: ₹71.62 crore (83.28 lakh shares)
- Offer for Sale (OFS): ₹17.20 crore (20 lakh shares)
Financials
| Period Ended | Revenue (₹ in crore) | Profit After Tax (₹ in crore) | Net Worth (₹ in crore) |
|---|---|---|---|
| FY 2022 | 42.98 | 17.62 | 75.86 |
| FY 2023 | 54.52 | 19.57 | 94.96 |
| FY 2024 | 111.34 | 42.65 | 138.08 |
| Sep 2024 | 96.16 | 50.37 | 188.45 |
Strengths
- Integrated financial services platform
- Experienced management team
- Strong client relationships
- Robust financial performance with consistent growth
Risks
- Market volatility affecting revenue
- Regulatory changes in the financial sector
- Dependence on technology infrastructure
IPO Anchor Investors Details
Rikhav Securities has allocated 29,20,000 shares to anchor investors, raising ₹25.11 crore. The anchor bidding took place on January 14, 2025.
IPO Promoter Holding
| Promoter | Pre-Issue Holding | Post-Issue Holding |
|---|---|---|
| Mr. Hitesh Himatlal Lakhani | ||
| Mr. Rajendra N Shah | ||
| Ms. Bharti Hitesh Lakhani | ||
| Ms. Vaishali R Shah | ||
| Mr. Deep Hitesh Lakhani | ||
| Mr. Monil Rajendra Shah | ||
| M/s. Hitesh Himatlal Lakhani HUF |
Note: Specific shareholding percentages are not provided in the available sources.
IPO Grey Market Premium (GMP)
As of January 13, 2025, the Grey Market Premium for Rikhav Securities IPO is not commanding any premium, indicating a neutral sentiment in the grey market.
Final Thoughts
Rikhav Securities Limited presents a compelling opportunity for investors interested in the financial services sector, given its robust growth and comprehensive service offerings. However, potential investors should carefully consider the associated risks, including market volatility and regulatory changes, before making an investment decision.