Rikhav Securities IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jan 15 to Jan 17 2025
Price Band
₹82 - 86
Current GMP
₹163.4(90.0%)
Subscription
307.01 times
IPO Details
| IPO Date | January 15, 2025 to January 17, 2025 |
| Listing Date | Wednesday, January 22, 2025 |
| Face Value | ₹5 per share |
| Price Band | ₹82 to ₹86 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 1,03,28,000 shares (aggregating up to ₹88.82 Cr) |
| Fresh Issue | 83,28,000 shares (aggregating up to ₹ 71.62 Cr) |
| Offer for Sale | 20,00,000 shares of ₹5 (aggregating up to ₹17.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 2,99,64,000 shares |
| Share Holding Post Issue | 3,82,92,000 shares |
| Market Maker Portion | 5,24,800 sharesShreni Shares Limited |
IPO Date
January 15, 2025 to January 17, 2025
Listing Date
Wednesday, January 22, 2025
Face Value
₹5 per share
Price Band
₹82 to ₹86 per share
Lot Size
1,600 Shares
Total Issue Size
1,03,28,000 shares (aggregating up to ₹88.82 Cr)
Fresh Issue
83,28,000 shares (aggregating up to ₹ 71.62 Cr)
Offer for Sale
20,00,000 shares of ₹5 (aggregating up to ₹17.20 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE SME
Share Holding Pre Issue
2,99,64,000 shares
Share Holding Post Issue
3,82,92,000 shares
Market Maker Portion
5,24,800 sharesShreni Shares Limited
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 170.92 |
| Non-Institutional Buyers*** | 616.44 |
| Retail Investors | 251.36 |
| Total ** | 307.01 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
170.92
Non-Institutional Buyers***
616.44
Retail Investors
251.36
Total **
307.01
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Jan 15, 2025 | 0 | 7.57 | 13.66 | 8.47 |
| Day 2 Jan 16, 2025 | 0.87 | 28.42 | 59.41 | 36.12 |
| Day 3 Jan 17, 2025 | 170.92 | 616.44 | 251.36 | 307.01 |
DayDay 1
Jan 15, 2025
QIB0
NII*7.57
Retail13.66
Total8.47
DayDay 2
Jan 16, 2025
QIB0.87
NII*28.42
Retail59.41
Total36.12
DayDay 3
Jan 17, 2025
QIB170.92
NII*616.44
Retail251.36
Total307.01
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 22-01-2025 | 86.00 | 96(111.63%) | 182 |
| 21-01-2025 | 86.00 | 96(111.63%) | 182 |
| 20-01-2025 | 86.00 | 93(108.14%) | 179 |
| 19-01-2025 | 86.00 | 100(116.28%) | 186 |
| 18-01-2025 | 86.00 | 90(104.65%) | 176 |
| 17-01-2025 | 86.00 | 85(98.84%) | 171 |
| 16-01-2025 | 86.00 | 85(98.84%) | 171 |
| 15-01-2025 | 86.00 | 70(81.4%) | 156 |
| 14-01-2025 | 86.00 | 70(81.4%) | 156 |
| 13-01-2025 | 86.00 | 65(75.58%) | 151 |
| 12-01-2025 | 86.00 | 0(0%) | 86 |
| 11-01-2025 | 86.00 | 0(0%) | (0%) |
Date22-01-2025
Price86.00
GMP96(111.63%)
Estimate List Price182
Date21-01-2025
Price86.00
GMP96(111.63%)
Estimate List Price182
Date20-01-2025
Price86.00
GMP93(108.14%)
Estimate List Price179
Date19-01-2025
Price86.00
GMP100(116.28%)
Estimate List Price186
Date18-01-2025
Price86.00
GMP90(104.65%)
Estimate List Price176
Date17-01-2025
Price86.00
GMP85(98.84%)
Estimate List Price171
Date16-01-2025
Price86.00
GMP85(98.84%)
Estimate List Price171
Date15-01-2025
Price86.00
GMP70(81.4%)
Estimate List Price156
Date14-01-2025
Price86.00
GMP70(81.4%)
Estimate List Price156
Date13-01-2025
Price86.00
GMP65(75.58%)
Estimate List Price151
Date12-01-2025
Price86.00
GMP0(0%)
Estimate List Price86
Date11-01-2025
Price86.00
GMP0(0%)
Estimate List Price(0%)
IPO Important Dates
| IPO Open Date | Wednesday, January 15, 2025 |
| IPO Close Date | Friday, January 17, 2025 |
| Basis of Allotment | Monday, January 20, 2025 |
| Initiation of Refunds | Tuesday, January 21, 2025 |
| Credit of Shares to Demat | Tuesday, January 21, 2025 |
| Listing Date | Wednesday, January 22, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 17, 2025 |
IPO Open Date
Wednesday, January 15, 2025
IPO Close Date
Friday, January 17, 2025
Basis of Allotment
Monday, January 20, 2025
Initiation of Refunds
Tuesday, January 21, 2025
Credit of Shares to Demat
Tuesday, January 21, 2025
Listing Date
Wednesday, January 22, 2025
Cut-off time for UPI mandate confirmation
5 PM on January 17, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,37,600 |
| Retail (Max) | 1 | 1600 | ₹1,37,600 |
| HNI (Min) | 2 | 3,200 | ₹2,75,200 |
ApplicationRetail (Min)
Lots1
Shares1600
Amount₹1,37,600
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹1,37,600
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹2,75,200
Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 33,791.49 | 30,206.82 | 18,772.01 |
| Revenue | 9,615.83 | 11,134.26 | 5,452.43 |
| Profit After Tax | 5,037.32 | 4,264.63 | 1,910.27 |
| Net Worth | 18,845.06 | 13,807.74 | 9,496.21 |
| Reserves and Surplus | 17,346.86 | 12,309.54 | 7,998.01 |
| Total Borrowing | 2,598.06 | 4,806.11 | 994.27 |
Period EndedPeriod Ended
30 Sep 202430 Sep 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 202433,791.49
31 Mar 202430,206.82
31 Mar 202318,772.01
Period EndedRevenue
30 Sep 20249,615.83
31 Mar 202411,134.26
31 Mar 20235,452.43
Period EndedProfit After Tax
30 Sep 20245,037.32
31 Mar 20244,264.63
31 Mar 20231,910.27
Period EndedNet Worth
30 Sep 202418,845.06
31 Mar 202413,807.74
31 Mar 20239,496.21
Period EndedReserves and Surplus
30 Sep 202417,346.86
31 Mar 202412,309.54
31 Mar 20237,998.01
Period EndedTotal Borrowing
30 Sep 20242,598.06
31 Mar 20244,806.11
31 Mar 2023994.27
IPO Reservation
| Anchor Investor Shares Offered | 29,20,000 (28.27%) |
| Market Maker Shares Offered | 5,24,800 (5.08%) |
| QIB Shares Offered | 19,55,200 (18.93%) |
| NII (HNI) Shares Offered | 14,80,000 (14.33%) |
| Retail Shares Offered | 34,48,000 (33.38%) |
| Total Shares Offered | 1,03,28,000 (100%) |
Anchor Investor Shares Offered
29,20,000 (28.27%)
Market Maker Shares Offered
5,24,800 (5.08%)
QIB Shares Offered
19,55,200 (18.93%)
NII (HNI) Shares Offered
14,80,000 (14.33%)
Retail Shares Offered
34,48,000 (33.38%)
Total Shares Offered
1,03,28,000 (100%)
Information about company
Incorporated in 1995, Rikhav Securities Limited is a financial services company in India that offers brokerage, investing, and banking services. The company is registered with SEBI as a stockbroker and holds memberships with BSE Limited (BSE), the National Stock Exchange of India (NSE), and the Multi Commodity Exchange (MCX).
The company's services include equity broking, cash delivery, intra-day trading, futures, and options.
The company trades in various derivative and commodity segments. As a Self-Clearing Member of the Indian Clearing Corporation and NSE Clearing, the company ensure smooth trade settlements. Rikhav Securities helps clients participate in IPOs and provides depository services for demat accounts.
As mutual fund advisors, the company guides clients through their investment options.
The company also undertakes market-making activities.
Competitive Strength
Long term relationship with the clients
An integrated financial services platform
Experienced management team with proven execution capabilities
As of September 30, 2024, the company has about 394 employees managing daily operations and administrative, legal, and accounting functions.
Objectives of IPO
The company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:
Funding the incremental working capital requirements;
Funding of capital expenditure requirements of the company towards the purchase of IT Software, Computers and Laptops:
General corporate purposes
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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