The Rikhav Securities IPO has captured significant investor interest since its opening on January 15, 2025. Scheduled to close on January 17, the IPO has already achieved a subscription of over 10.65 times by Day 2, led by strong retail participation.
About Rikhav Securities
Rikhav Securities Ltd is a well-established financial services company in India, offering brokerage, investment, and banking solutions. The firm is SEBI-registered and has memberships with leading exchanges, including BSE, NSE, and MCX.
Their services include:
- Equity Broking: Cash delivery, intraday trading, futures, and options.
- Comprehensive Financial Solutions: Investment advisory and portfolio management.
The company has built a robust reputation by delivering reliable services across various segments of financial markets.
Rikhav Securities IPO Key Details
- Issue Period: January 15 to January 17, 2025
- Price Band: ₹82 – ₹86 per equity share
- Face Value: ₹5 per share
- Lot Size: Minimum 1,600 shares and multiples thereafter
- Issue Size: ₹71.62 crore
- Fresh Issue: 83,28,000 shares
- Offer for Sale (OFS): 20,00,000 shares
The IPO proceeds will fund:
- Acquisition of IT infrastructure, including computers and software.
- Working capital requirements.
- General corporate purposes.
Subscription Status
As of Day 2 (January 16):
- Overall Subscription: 10.65 times
- Retail Investors: 17.24 times
- Non-Institutional Investors (NII): 9.37 times
- Qualified Institutional Buyers (QIB): Yet to be booked
The IPO has received 7.33 crore bids against an offer of 68.83 lakh shares, reflecting strong demand from retail and NII segments.
Rikhav Securities IPO GMP
The Grey Market Premium (GMP) for Rikhav Securities IPO is ₹70. This suggests that shares are trading at a premium in the unlisted market, reflecting investor confidence.
- Issue Price (Upper Band): ₹86
- Estimated Listing Price (based on GMP): ₹156
- Potential Listing Gain: 81.4%
GMP trends indicate the perceived value of the shares ahead of their market debut.
Rikhav Securities Financial Performance
The company’s financial performance, as detailed in its prospectus, highlights steady growth:
- Revenue (FY 2024): ₹125 crore
- Profit After Tax (PAT): ₹15 crore
- EBITDA: ₹25 crore
This strong performance, coupled with market positioning, makes the IPO an attractive prospect for investors.
Steps to Check Rikhav Securities IPO Allotment Status
Investors can check the IPO allotment status online through the BSE or the registrar Link Intime.
Via BSE Website
- Visit BSE IPO Allotment Status.
- Select ‘Equity’ under Issue Type.
- Choose ‘Rikhav Securities Limited’ in the dropdown menu.
- Enter your Application Number or PAN.
- Complete CAPTCHA verification and click ‘Search’.
Via Link Intime
- Go to Link Intime IPO Allotment.
- Select ‘Rikhav Securities Limited’ in the dropdown menu.
- Choose the option to search by PAN, Application Number, or DP ID/Client ID.
- Enter the required details and click ‘Search’.
Competitive Landscape
Rikhav Securities Ltd has several listed peers:
- Alacrity Securities Ltd: P/E 29.09
- Angel One Ltd: P/E 20.94
- Share India Securities Ltd: P/E 13.96
While these competitors are established players, Rikhav Securities’ strong market presence and technological focus make it a noteworthy contender.
FAQs
What is the price band for Rikhav Securities IPO?
The price band is ₹82 – ₹86 per equity share.
What is the GMP for Rikhav Securities IPO?
The GMP is currently ₹70, indicating a premium over the issue price.
When does the Rikhav Securities IPO close?
The IPO closes on January 17, 2025.
What is the estimated listing price?
Based on the GMP, the estimated listing price is ₹156 per share, representing an 81.4% premium.
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