✓
Open
15 Jan 2025
✓
Close
17 Jan 2025
3
Allotment
—
✓
Listing
Wed, Jan 22, 2025
Price Band
₹82 to ₹86
Issue Size
1,03,28,000 shares (agg. up to ₹89 Cr)
Lot Size
1,600 Shares
Listing Date
Wed, Jan 22, 2025
Latest GMP
₹96
Est. Gain
111.63%
✦ AI Insight
GMP Trend
22-01-2025₹96Est. ₹182+111.63%
21-01-2025₹93Est. ₹179+108.14%
20-01-2025₹100Est. ₹186+116.28%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 196.18x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 337.91 | 302.07 | 187.72 | 180.71 |
| Total Income | 96.16 | 111.34 | 54.52 | 42.98 |
| Profit After Tax | 50.37 | 42.65 | 19.10 | 17.62 |
| NET Worth | 188.45 | 138.08 | 94.96 | 75.86 |
| Reserves and Surplus | 173.47 | 123.10 | 79.98 | 70.87 |
| Total Borrowing | 25.98 | 48.06 | 9.94 | 15.06 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Pune E-Stock Broking Ltd. | SME | ₹38.23 Cr | ₹83 | 9.5 | ₹133.18 | +60.46% | ₹259.95 (+0.19%) |
| DAM Capital Advisors Ltd. | Mainboard | ₹840.25 Cr | ₹283 | 28.37 | ₹415.10 | +46.68% | ₹170.49 (+0.80%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding incremental working capital requirements | 46.00 |
| 2 | Funding of capital expenditure requirements of Company towards purchase of IT Software, Computers and Laptops | 4.13 |
| 3 | General Corporate Purposes | 12.76 |
| 4 | Issue expenses | 8.73 |
| Total | 71.62 |
About Rikhav Securities IPO
Incorporated in 1995, Rikhav Securities Limited is a financial services company in India that offers brokerage, investing, and banking services. The company is registered with SEBI as a stockbroker and holds memberships with BSE Limited (BSE), the National Stock Exchange of India (NSE), and the Multi Commodity Exchange (MCX). The company's services include equity broking, cash delivery, intra-day trading, futures, and options. The company trades in various derivative and commodity segments. As a Self-Clearing Member of the Indian Clearing Corporation and NSE Clearing, the company ensure smooth trade settlements. Rikhav Securities helps clients participate in IPOs and provides depository services for demat accounts. As mutual fund advisors, the company guides clients through their investment options. The company also undertakes market-making activities. Competitive Strength Long term relationship with the clients An integrated financial services platform Experienced management team with proven execution capabilities As of September 30, 2024, the company has about 394 employees managing daily operations and administrative, legal, and accounting functions.+ Read More
Contact Details
Rikhav Securities Ltd. AddressOffice No.922-A9th Floor, P.J.Towers, Dalal StreetFortMumbai, Maharashtra, 400001022 - 69078300investor@rikhav.inVisit Website