Rikhav Securities IPO Overview
Rikhav Securities Limited is set to launch its IPO from January 15 to January 17, 2025. The company aims to raise approximately ₹88.82 crores through a combination of fresh issue worth ₹71.62 crores and an offer for sale of up to 20,00,000 equity shares. The IPO follows the Book Built Issue process and features a price band of ₹82 to ₹86 per share with a face value of ₹5 per equity share.
The IPO will list on the BSE SME platform on January 22, 2025. Below is a comprehensive breakdown of the IPO details.
Rikhav Securities IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | January 15, 2025 |
| IPO Close Date | January 17, 2025 |
| Face Value | ₹5 per equity share |
| IPO Price Band | ₹82 to ₹86 per share |
| Issue Size | ₹88.82 crores |
| Fresh Issue | ₹71.62 crores |
| Offer for Sale | 20,00,000 equity shares |
| Retail Quota | 35% |
| QIB Quota | 50% |
| HNI Quota | 15% |
| IPO Listing | BSE SME |
Rikhav Securities IPO Market Lot
The minimum lot size for Rikhav Securities IPO is 1600 shares, requiring an application amount of ₹1,37,600. The details are as follows:
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹1,37,600 |
| Retail Maximum | 1 | 1600 | ₹1,37,600 |
| S-HNI Minimum | 2 | 3200 | ₹2,75,200 |
Rikhav Securities IPO Schedule
| Event | Date |
|---|---|
| IPO Open Date | January 15, 2025 |
| IPO Close Date | January 17, 2025 |
| Basis of Allotment | January 20, 2025 |
| Refunds | January 21, 2025 |
| Credit to Demat Account | January 21, 2025 |
| IPO Listing Date | January 22, 2025 |
Company Financial Overview
Rikhav Securities has showcased impressive growth in its financial performance over the years. The financial highlights are as follows:
| Period Ended | Revenue (₹ Crores) | Expenses (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 2022 | ₹42.98 | ₹20.86 | ₹17.62 | ₹180.71 |
| 2023 | ₹54.52 | ₹29.90 | ₹19.57 | ₹187.72 |
| 2024 | ₹111.34 | ₹58.98 | ₹42.65 | ₹302.07 |
| September 2024 | ₹96.16 | ₹33.24 | ₹50.37 | ₹337.91 |
Key Performance Indicators (FY 2024)
| KPI | Value |
|---|---|
| ROE | 36.60% |
| ROCE | 29.48% |
| EBITDA Margin | 46.32% |
| PAT Margin | 40.94% |
| Debt to Equity Ratio | 0.35 |
| Earnings Per Share (EPS) | ₹14.23 |
| Return on Net Worth (RoNW) | 30.89% |
| Net Asset Value (NAV) | ₹46.08 |
Peer Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Alacrity Securities Limited | 5.43 | 29.09 | 25.42 | 21.37 | – |
| Angel One Limited | 134.21 | 20.57 | 37.04 | 361.70 | – |
| Share India Securities Limited | 25.41 | 11.99 | 24.37 | 91.23 | – |
| Pune E – Stock Broking Limited | 11.04 | 16.68 | 9.77 | 81.33 | – |
Objects of the Issue
- Incremental Working Capital: Funding additional working capital needs.
- Capital Expenditure: Investment in IT infrastructure, including software, computers, and laptops.
- General Corporate Purposes: Strengthening the company’s general financial position.
Promoters of Rikhav Securities
The promoters include:
- 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
About Rikhav Securities Limited
Founded in 1995, Rikhav Securities offers a wide range of financial services, including equity broking, investment, and trading. The company is registered with SEBI and is a member of BSE, NSE, and MCX. Known for its robust market-making activities, Rikhav Securities has assisted 66 companies in listing on SME platforms. The firm employs around 394 personnel and operates through online and digital platforms, catering to both retail and high-net-worth clients.
IPO Registrar
- Registrar Name: Link Intime India Private Limited
- Contact Email: rikhav.smeipo@linkintime.co.in
- Website: Link Intime
FAQs
- What is the IPO size of Rikhav Securities?
The IPO size is ₹88.82 crores. - What is the price band for the IPO?
The price band is ₹82 to ₹86 per equity share. - When is the Rikhav Securities IPO allotment date?
The allotment date is January 20, 2025. - How can I apply for the IPO?
Applications can be made via ASBA online, UPI through stockbrokers, or by filling out the offline form. - When will Rikhav Securities be listed?
The IPO is set to list on BSE on January 22, 2025.
Conclusion
Rikhav Securities IPO offers an excellent investment opportunity for both retail and institutional investors, given the company’s consistent financial growth and strong market position. The IPO proceeds will help the company expand its operations, improve IT infrastructure, and fulfill working capital requirements. Considering its impressive financial metrics, the IPO is worth considering for long-term growth.