Rikhav Securities IPO is a book-built issue valued at ₹88.82 crores, consisting of a fresh issue of 83.28 lakh shares aggregating to ₹71.62 crores and an offer for sale of 20.00 lakh shares amounting to ₹17.20 crores.
The IPO opens for subscription on January 15, 2025, and closes on January 17, 2025. The allotment of shares is expected to be finalized on Monday, January 20, 2025. Rikhav Securities IPO will list on the BSE SME platform, with a tentative listing date scheduled for Wednesday, January 22, 2025.
Rikhav Securities Ltd. is a distinguished entity in the Finance & Investments sector, offering a wide range of services such as equity broking, investment advisory, portfolio management, wealth management, and research services. They have developed a robust trading and investment platform, combining advanced technology with personalized advisory services to help clients achieve their financial goals. Renowned for their insightful market research and analytics, Rikhav Securities also places a strong emphasis on investor education, making the complexities of financial markets more accessible to both novice and experienced investors.
The price band for the IPO is set between ₹82 and ₹86 per share, with a minimum application lot size of 1,600 shares. Retail investors must invest a minimum of ₹1,37,600, while high-net-worth individuals (HNIs) need to apply for at least 2 lots (3,200 shares), amounting to ₹2,75,200.
Smart Horizon Capital Advisors Private Limited is the book-running lead manager for the Rikhav Securities IPO, while Link Intime India Private Ltd serves as the registrar. The market-making responsibilities for the IPO are handled by Shreni Shares Limited.
Rikhav Securities IPO Details:
| Company Name | Rikhav Securities Limited |
| Sector | Finance and Investment |
| IPO Type | SME |
| IPO Open date | 15th Jan 2025 |
| IPO Close date | 17th Jan 2025 |
| Listing Exchanges | BSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Rikhav Securities IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1600 | 1,37,600 |
| HNI (Min) | 2 | 3200 | 2,75,200 |
Rikhav Securities IPO Timeline:
| IPO Open Date | 15th Jan 2025 |
| IPO Close Date | 17th Jan 2025 |
| Basis of Allotment | 20th Jan 2025 |
| Refund Initiation Date | 21st Jan 2025 |
| Shares Credit to Demat | 21st Jan 2025 |
| Listing Date | 22nd Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Rikhav Securities’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Finance and Investment Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Rikhav Securities and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
