Rikhav Securities SME: Check IPO Date, Live Subscription and Key Details
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.
Min Investment
₹137600
Price Range
₹82.0 - ₹86.0
Issue Size
₹88.82 Cr
IPO Type
BSE SME
Key Metrics
Face Value
₹5
EPS
26.31
P/E Ratio
3.27
RoNW
30.89%
ROE
36.6%
Debt to Equity
0.35
Timeline
IPO Opens
15 Jan
IPO Closes
17 Jan
Allotment
20 Jan
Listing
22 Jan
IPO Objectives
- Funding the incremental working capital requirements
- Funding of capital expenditure requirements of the company towards the purchase of IT Software, Computers and Laptops
- General Corporate Purpose
Strengths
- Strong client relationships built over decades of reliable service.
- Comprehensive financial services across equity, derivatives, and commodities.
- SEBI-registered with memberships in major exchanges like NSE, BSE, and MCX.
- Proven management team with extensive experience in execution and operations.
- Robust infrastructure for seamless trade settlement as a Self-Clearing Member.
Weaknesses
- Limited presence compared to larger brokerage firms with pan-India networks.
- Heavy reliance on stock market performance for business growth.
- Intense competition in the financial services industry.
- Potential regulatory changes could impact operational flexibility.
- Higher operational costs due to a large workforce of 394 employees.
Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 337.91 | 302.07 | 187.72 | 180.71 |
| Revenue (₹ Cr.) | 96.16 | 111.34 | 54.52 | 42.98 |
| PAT (₹ Cr.) | 50.37 | 42.65 | 19.1 | 17.62 |
| Net Worth (₹ Cr.) | 188.45 | 138.08 | 94.96 | 75.86 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Rikhav Securities LTD | 1.87 | 3.27 | 30.89 | 188.45 |
| Alacrity Securities Ltd | 3 | 29.09 | 25.42 | 45.05 |
| Angel One LTD | 8.43 | 20.94 | 37.04 | 3039 |
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00x | 0.87x | 170.92x |
| NII | 7.57x | 28.42x | 616.44x |
| RII | 13.66x | 59.41x | 251.36x |
| Total | 8.47x | 36.12x | 307.01x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 19,55,200 | 33,41,84,000 | 2,873.98 |
| NII | 14,80,000 | 91,23,24,800 | 7,845.99 |
| RII | 34,48,000 | 86,66,76,800 | 7,453.42 |
| Total | 68,83,200 | 2,11,31,85,600 | 18,173.40 |
Company Details
- Office No. 922 - A 9th Floor, P. J. Towers, Dalal Street, Fort, Mumbai - 400001
- 022 - 69078300
- investor@rikhav.in
- https://www.rikhav.net/
Registrar Details
- Link Intime India Private Ltd
- +91-22-4918 6270
- rikhav.smeipo@linkintime.co.in
- https://linkintime.co.in/initial_offer/public-issues.html