Rikhav Securities Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹86
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,37,600
Issue Size
₹88.82 Cr
Face Value
₹5
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Rikhav Securities Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
76.76%
Promoter Holding (Post-Issue)
60.05%
Issue Type
Book Building - SME
ISIN
INE0CFH01028
About the Company
Our company "Rikhav Securities Limited" (RSL), established in the year 1995, is engaged the business of equity broking, investing, and trading activities. Our services encompass a comprehensive range of financial activities such as, equity broking, we offer cash delivery, intra-day trading, futures, and options. We are actively involved in trading across various derivative and commodity segments. Additionally, as a Self-Clearing Member of both the Indian Clearing Corporation Limited (ICCL) and NSE Clearing Limited (NCL), we ensure the smooth settlement of trades and assistance with IPO participation, and demat account management. As a mutual fund advisor and distributor, we guide clients through their investment options. Additionally, engage in market making for newly listed securities and make proprietary investments in tradable securities and derivatives.
Industry Overview
India has a diversified financial sector undergoing rapid expansion both in terms of strong growth of existing financial services firms and new entities entering the market. The sector comprises commercial banks, insurance companies, nonbanking financial companies, co-operatives, pension funds, mutual funds and other smaller financial entities. The banking regulator has allowed new entities such as payment banks to be created recently, thereby adding to the type of entities operating in the sector. However, the financial sector in India is predominantly a banking sector with commercial banks accounting for more than 64 % of the total assets held by the financial system.
Company History
Our Company was originally incorporated under the name "Brijmohan Sagarmal Finance Limited" under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated March 21, 1995, issued by the Additional, Registrar of Companies, Maharashtra. Subsequently the name of the company was changed to "Rikhav Securities Limited" vide special resolution passed by the shareholders at the Extra Ordinary General Meeting held on November 12, 2005 and a Fresh Certificate of Incorporation pursuant to change of name dated February 13, 2006, was issued by Registrar of Companies, Maharashtra, Mumbai. The Corporate Identification Number of our Company is U99999MH1995PLC086635.
Growth Strategy
- Augment our fund based capacities for stock broking and allied activities.
- Hiring and retaining talented employees.
- Embrace Technological Advancements.
- Focus on risk management.
- Entering into new geographies.
- Grow our fee-based revenues.
- Optimize operational efficiencies.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 1,03,28,000 equity shares of face value of Rs. 5/- each (the "Equity Shares") of Rikhav Securities Limited ("the company" or "Rikhav" or "the Offeror") at an offer price of Rs. 86.00 per equity share for cash, aggregating up to Rs. 88.82 crores comprising of fresh offer of up to 83,28,000 equity shares aggregating to Rs. 71.62 crores ("Fresh Offer") and an offer for sale of up to 20,00,000 equity shares by Ashapura Trading, Giriraj Trading, Nirmalaben Fatechand Sanghavi, Daksha Sharad Maniyar, Jayesh Mulchand Maniyar, Mukesh Jayantilal Sanghavi, Virali Girish Maniyar, Yash Jayesh Maniyar, Naity Sharad Maniyar, Sharad Mulchand Maniyar, Bharti Mukesh Sanghavi, Bhaven Vinod Pandya, Ketanbhai Arvindray Shah, Kishore Paramdas Vora, Nisarg Pradip Shah, Nita Chandrakant Lakhani and Aneri Mahesh Lakhani ("Selling Shareholders") aggregating to Rs. 17.20 crores ("Offer for Sale") ("Public Offer"). The offer includes a reservation of 5,24,800 equity shares of face value of Rs. 5/- each, at an offer price of Rs. 86/- per equity share for cash, aggregating Rs. 4.51 crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. net offer of 98,03,200 equity shares of face value of Rs. 5/- each, at an offer price of Rs. 86/- per equity share for cash, aggregating upto Rs. 84.31 crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 26.97 % and 25.60 % respectively of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 5 each. The offer price is 17.2 times of the face value of the equity shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- An integrated financial services platform.
- Risk management system.
- Long term relationship with the clients.
- Experienced management team with proven execution capabilities.
- We have certain outstanding litigation against us, an adverse outcome of which may adversely affect our business, reputation and results of operations.
- Our Company has been subject to certain penal actions from the Stock Exchanges and Regulatory Authority in the past in the past. There can be no assurance that we will not be subjected to such penalties in the future, which may in turn adversely affect our financial conditions, our operations and profitability.
- We are subject to extensive statutory and regulatory requirements and supervision, which have material influence on, and consequences for, our business operations.
- Our Company had negative cash flows in the past years from investing activities, details of which are given below. Sustained negative cash flow could impact our growth and business.
- Our Company is a SEBI registered intermediary and is into the business of primary and secondary capital market. The market is prone to fraudulent transactions which are at times beyond the control of the Company and any such transactions undertaken by the clients of the company may drag the company into litigation with regulatory authorities, which if proved against us in absence of adequate proofs, may pour heavily on the Company.