Rikhav Securities IPO: Everything You Need to Know
17 January 2025 · Sachin Gadekar
The Rikhav Securities IPO has garnered significant attention from investors, with an overwhelming subscription rate of 285.33 times. As one of the latest entrants to the SME segment, this IPO offers a combination of fresh shares and an offer for sale (OFS), making it a lucrative opportunity for retail and institutional investors alike. This article provides a detailed overview of the IPO, key timelines, financials, and its significance in the current investment.
Key Deatils About The Rikhav Securities IPO
For a deeper understanding of concepts like IPO Grey Market Premium (GMP), IPO flipping, and the difference between OFS vs IPO, explore the following resources:
OFS vs IPO: Key Differences
IPO Flipping: What You Need to Know
IPO GMP Explained
Key Details of Rikhav Securities IPO
Particulars
Details
IPO Open Date
January 15, 2025
IPO Close Date
January 17, 2025
Price Band
₹82 to ₹86 per share
Lot Size
1,600 shares
Total Issue Size
₹88.82 Crores
Fresh Issue
₹71.62 Crores
Offer for Sale
₹17.20 Crores
Listing Platform
BSE SME
This IPO marks a pivotal moment for Rikhav Securities Limited, a company with a rich history in brokerage and financial services since 1995.
Understanding Rikhav Securities Limited
Rikhav Securities Limited is a financial services firm offering a wide range of products, including equity broking, intra-day trading, futures, and mutual funds. The company’s strength lies in its experienced management team and long-standing client relationships. With a robust infrastructure and membership across major exchanges like BSE, NSE, and MCX, Rikhav Securities has cemented its reputation as a reliable financial partner.
Competitive Strengths:
Integrated financial services platform.
Proven execution capabilities.
Experienced management team.
Rikhav Securities IPO Subscription and Allotment Details
Category-Wise Subscription:
Anchor Investors: 28.27% (29,20,000 shares)
Retail Investors (RII): 33.38% (34,48,000 shares)
High Net-worth Individuals (HNI): 14.33% (14,80,000 shares)
Qualified Institutional Buyers (QIB): 18.93% (19,55,200 shares)
Market Maker Portion: 5.08% (5,24,800 shares)
IPO Timeline:
Allotment Date: January 20, 2025
Refunds Initiated: January 21, 2025
Shares Credited to Demat: January 21, 2025
Listing Date: January 22, 2025
Grey Market Premium (GMP) Insights
Grey Market Premium (GMP) Insights
The Grey Market Premium (GMP) for Rikhav Securities IPO has been soaring, reflecting strong investor sentiment. A high GMP often indicates robust demand in the secondary market. To learn more about GMP and its impact, check out our in-depth guide:
IPO Grey Market Premium Explained
Investment Analysis: Should You Subscribe?
Investing in an IPO requires understanding the company’s fundamentals, market position, and future prospects. Here’s why Rikhav Securities IPO stands out:
Pros:
Strong Financial Growth:
Revenue grew from ₹4,298.31 Cr in 2022 to ₹11,134.26 Cr in 2024.
Profit After Tax (PAT) surged to ₹5,037.32 Cr as of September 2024.
Diverse Offerings: From brokerage to market-making, the company’s integrated platform adds value.
Experienced Leadership: A management team with proven execution capabilities ensures confidence.
Cons:
SME IPOs often come with higher volatility.
Limited liquidity compared to mainboard IPOs.
Minimum Investment Requirements
Investor Type
Lot Size
Shares
Amount
Retail
1
1,600
₹1,37,600
HNI
2
3,200
₹2,75,200
For tips on maximizing IPO returns, explore:
IPO Flipping: A Strategy Guide
How Does This IPO Compare to Others?
To understand how Rikhav Securities IPO compares to similar opportunities, consider exploring differences between IPOs and OFS (Offer for Sale). The unique combination of a fresh issue and OFS in this IPO is a key highlight. Learn more:
OFS vs IPO: Differences
How Does This IPO Compare to Others?
To understand how Rikhav Securities IPO compares to similar opportunities, consider exploring differences between IPOs and OFS (Offer for Sale). The unique combination of a fresh issue and OFS in this IPO is a key highlight. Learn more: OFS vs IPO: Differences
Conclusion: The Rikhav Securities IPO is a promising opportunity for investors looking to diversify their portfolios, especially in the SME segment. With strong financials, robust demand, and a high GMP, it’s no surprise this IPO has captured significant market attention. However, as with all investments, assessing your risk appetite and financial goals is crucial.