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Rikhav Securities IPO
294.71xsubscribed

Rikhav Securities IPO

Finance - Stock Broking
listed
₹1.31LMin. investment

Rikhav Securities Limited IPO Details

SectorFinance - Stock Broking
Price range₹82.00 – ₹86.00
IPO type
SME
Lot size1600 shares
Issue size₹88Cr
Red Herring Prospectus
Read
Market cap
₹329.31CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹104.16CrLower than sector avg
Growth rate3Y CAGR
43.16%Higher than sector avg

Rikhav Securities IPO Subscription Status

Date
QIB
NII
Retail
Total
15-Jan-25
0.0 times (X)
7.47 times (X)
13.66 times (X)
8.45 times (X)
16-Jan-25
0.87X
27.46X
59.41X
35.91X
17-Jan-25
170.76X
572.19X
245.9X
294.71X

As on 15-Jan-25, 5:30 PM

Rikhav Securities IPO Timeline

  1. Pre-apply
    14 Jan 2025
  2. Bid start
    15 Jan 2025
  3. Bid end
    17 Jan 2025
  4. Allotment
    20 Jan 2025
  5. Release of funds
    21 Jan 2025
  6. Demat transfer
    21 Jan 2025
  7. Listing
    22 Jan 2025

About Rikhav Securities Limited

Rikhav Securities Limited, established in 2012, is a key player in India's financial sector, specializing in market making, broking, and proprietary investments. It provides liquidity and supports SME market efficiency. The firm offers broking services through a digital platform and a network of Authorized Persons, catering to institutional, HNI, and retail clients. Embracing digital transformation, Rikhav launched a mobile app and electronic KYC. Led by experienced founders, the company focuses on client-centric services and advanced technology to stay competitive.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Objectives of Rikhav Securities Limited IPO

Working capital requirements
64.22%
The company will allocate ₹46 Cr for its own working capital needs.
Capital expenditure
5.75%
The comp will utilize ₹4.12 Cr towards purchase of IT Software, Computers and Laptops.
General corporate purposes
Not assigned
The company will use part of its net IPO proceeds for general corporate purposes.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹104.16Cr43.16%₹42.64Cr₹329.31Cr6.040.35
This sector (avg.)₹271.75Cr-0.01%₹62.39Cr₹2,820.73Cr39.906.15
₹8,339.05Cr---₹2,508.18Cr₹45,298.24Cr22.701.34
₹6,228.48Cr---₹1,941.45Cr₹29,148.63Cr12.963.89
₹909.84Cr---₹162.71Cr₹17,054.65Cr83.370.45

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

Rikhav Securities IPO Contact Details

Company NameRikhav Securities Limited

How to apply for Rikhav Securities IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Rikhav Securities Limited IPO FAQs