Issue Price
₹86
Per Share
GMP
NIL
Grey Market
Est. Listing
₹86
Expected Price
Min. Application
₹275,200
2 lots × 1600 shares
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 StrengthLong term relationship with the clientsAn integrated financial services platformExperienced management team with proven execution capabilitiesAs of September 30, 2024, the company has about 394 employees managing daily operations and administrative, legal, and accounting functions.
Rikhav Securities Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 524,800 | — | ₹4.51 Cr | — |
| TOTAL | 10,328,000 | 100.00% | ₹88.82 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹137,600 |
| Retail (Max) | 13 | 20,800 | ₹1,788,800 |
| sNII (Min) | 14 | 22,400 | ₹1,926,400 |
| bNII (Min) | 68 | 108,800 | ₹9,356,800 |
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 9615.83 | 11134.26 | 5452.43 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 5037.32 | 4264.63 | 1910.27 |
| Net Worth | 18845.06 | 13807.74 | 9496.21 |
| Total Assets | 33791.49 | 30206.82 | 18772.01 |
| Reserves & Surplus | 17346.86 | 12309.54 | 7998.01 |
| Total Borrowings | 2598.06 | 4806.11 | 994.27 |