Rikhav Securities Ltd shares debuted at ₹163.40 on the BSE SME, marking a robust 90% premium over the issue price. The offering had a price band of ₹82-86 per share, reflecting strong market demand.
Rikhav Securities’ initial public offering closed on January 17 with an impressive 285.33 times subscription, reflecting strong investor interest and overwhelming demand for the maiden issue.
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Rikhav Securities Limited, incorporated in 1995, is a comprehensive financial services firm in India, offering brokerage and investment services. Registered with SEBI as a stockbroker, it holds memberships with BSE, NSE, and MCX. The company facilitates equity trading, derivatives, IPO participations, and provides depository and mutual fund advisory services.
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Rikhav Securities Ltd aims to fund ₹46 crore for working capital, ₹4.13 crore for IT infrastructure upgrades, and allocate remaining proceeds for corporate growth, debt servicing, and strategic initiatives.Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.