Rikhav Securities
CLOSEDIPO Date: 15 Jan - 17 Jan 2025
Listing Date: 22 Jan 2025
Price Range
₹82 – ₹86
Issue Size
89 Cr
Min Investment
₹1,31,200
Lot Size
1600 Shares
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 IPO | Amount |
|---|---|
| Overall | 89 Cr |
| Fresh Issue | 71.62 Cr |
| Offer for Sale | 17.2 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 20 Jan 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
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.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 22 Jan 2025 | ₹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 Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹82 – ₹86 | ₹ 163 (99.48%) | ₹ 81.25 | -5.52% |
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 in | 1995 |
| Managing director | Mr. Hitesh Himatlal Lakhani |
| Parent organization | Rikhav Securities Ltd |
Financial Overview
Strengths
- Strong client relationships drive repeat business and commissions.
- Diverse services boost growth and client ties.
- Experienced management ensures market insight and growth.
- Robust risk management minimizes trading risks.
Risks
- Ongoing litigation may negatively impact business, reputation, and operations.
- Past penalties from regulatory authorities may affect financial stability and operations.
- Extensive statutory and regulatory requirements can influence business outcomes.
- Risk of fraudulent transactions may lead to legal and regulatory issues.
- Dependence on IT systems exposes the company to operational risks from potential failures.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 170 |
| Non-Institutional Investors (NIIs) | 616 |
| Retail Individual Investors (RIIs) | 251 |
| Employee | N/A |
| Total | 307 |