Rikhav Securities

Rikhav Securities

LISTED

IPO Date: 15 Jan - 17 Jan 2025

Listing Date: 22 Jan 2025

Price Range

₹82 – ₹86

Issue Size

89 Cr

Min Investment

₹2,62,400

2 lots minimum (SEBI rule for SME)

Min Application

3200 Shares

1600 per lot × 2

View IPO Document

Schedule of Rikhav Securities

Issue open date

15 Jan 2025

Issue close date

17 Jan 2025

UPI mandate deadline

17 Jan 2025 (5 PM)

Allotment finalization

20 Jan 2025

Share credit

21 Jan 2025

Listing date

22 Jan 2025

Mandate end date

1 Feb 2025

Issue size

Funds Raised in the IPOAmount
Overall89 Cr
Fresh Issue71.62 Cr
Offer for Sale17.2 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date20 Jan 2025
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
22 Jan 2025Latest₹86₹95₹181(+111%)
21 Jan 2025₹86₹93₹179(+108%)
20 Jan 2025₹86₹100₹186(+116%)
18 Jan 2025₹86₹84₹170(+98%)
17 Jan 2025₹86₹83₹169(+97%)
16 Jan 2025₹86₹84₹170(+98%)
15 Jan 2025₹86₹70₹156(+81%)
14 Jan 2025₹86₹70₹156(+81%)
13 Jan 2025₹86₹65₹151(+75%)

Performance Rikhav Securities

Issue PriceListing GainCurrent Market PriceP/L
₹82 – ₹86₹ 172 (99.48%) ₹ 49.8-42.09%

About Rikhav Securities

Rikhav Securities Limited, founded in 1995, offers equity broking, trading, market-making, IPO facilitation, and depository services. With 2+ decades of experience, a robust digital platform, and a strong management team, it caters to retail and HNI clients across India. The company excels in market-making for SMEs, enhancing liquidity, and delivering personalized wealth solutions. Led by experienced promoters, RSL combines advanced technology with client-centric strategies to drive growth and strengthen its market presence.

Founded in1995
Managing directorMr. Hitesh Himatlal Lakhani
Parent organizationRikhav Securities Ltd

Financial Overview

Strengths

4
  1. 1

    Strong client relationships drive repeat business and commissions.

  2. 2

    Diverse services boost growth and client ties.

  3. 3

    Experienced management ensures market insight and growth.

  4. 4

    Robust risk management minimizes trading risks.

Risks

5
  1. 1

    Ongoing litigation may negatively impact business, reputation, and operations.

  2. 2

    Past penalties from regulatory authorities may affect financial stability and operations.

  3. 3

    Extensive statutory and regulatory requirements can influence business outcomes.

  4. 4

    Risk of fraudulent transactions may lead to legal and regulatory issues.

  5. 5

    Dependence on IT systems exposes the company to operational risks from potential failures.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)170
Non-Institutional Investors (NIIs)616
Retail Individual Investors (RIIs)251
EmployeeN/A
Total307