Minimum Investment
| Minimum Investment (Retail) | Lots (min) | Shares (QTY) |
| ₹1,37,600 | 1 | 1600 |
About Rikhav Securities Limited
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. Gold, KK Jewels – Atarashi, and KK Jewels – Silver Studio, along with 3 offices and 1 exhibition center.
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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.
Rikhav Securities Limited IPO Details
| IPO Date | January 15, 2025 to January 17, 2025 |
| Face Value | ₹5 per share |
| Price Band | ₹82 to ₹86 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 1,03,28,000 shares (aggregating up to ₹88.82 Cr) |
| Fresh Issue | 83,28,000 shares (aggregating up to ₹ 71.62 Cr) |
| Offer for Sale | 20,00,000 shares of ₹5 (aggregating up to ₹17.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 2,99,64,000 shares |
| Share Holding Post Issue | 3,82,92,000 shares |
| IPO Open Date | Wednesday, January 15, 2025 |
| IPO Close Date | Friday, January 17, 2025 |
| Basis of Allotment | Monday, January 20, 2025 |
| Initiation of Refunds | Tuesday, January 21, 2025 |
| Credit of Shares to Demat | Tuesday, January 21, 2025 |
| Listing Date | Wednesday, January 22, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 17, 2025 |
Rikhav Securities Limited IPO Prospectus
Rikhav Securities Limited Financial Snapshot (in Lakhs)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 33,791.49 | 30,206.82 | 18,772.01 | 18,070.69 |
| Revenue | 9,615.83 | 11,134.26 | 5,452.43 | 4,298.31 |
| Profit After Tax | 5,037.32 | 4,264.63 | 1,910.27 | 1,762.47 |
| Net Worth | 18,845.06 | 13,807.74 | 9,496.21 | 7,585.94 |
| Reserves and Surplus | 17,346.86 | 12,309.54 | 7,998.01 | 7,086.54 |
| Total Borrowing | 2,598.06 | 4,806.11 | 994.27 | 1,506.12 |
Rikhav Securities Limited Promoters Holding
Mr Hitesh Himatlal Lakhani, Mr Rajendra N Shah, Ms Bharti Hitesh Lakhani, Ms Vaishali R Shah, Mr Deep Hitesh Lakhani, Mr Monil Rajendra Shah and M/s. Hitesh Himatlal Lakhani HUF
Rikhav Securities Limited Contact Details
Rikhav Securities Limited
Office No. 922 – A
9th Floor, P. J. Towers, Dalal Street,
Fort, Mumbai – 400001
Phone: 022 – 69078300
Email: investor@rikhav.in
Website: https://www.rikhav.net/