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Home > IPO Details

RIKHAV SECURITIES LIMITED

15 Jan 2025 - 17 Jan 2025 Individual Category SME BSE
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Min Investment

₹137600

Price Band

₹82-₹86

Issue Size

74.08 lakhs
Equity Shares

Lot Size

1600

IPO Dates
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15 Jan 2025

Open Date

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17 Jan 2025

Close Date

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20 Jan 2025

Allotment Date

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22 Jan 2025

Listing Date

Rikhav Securities IPO open date is from January 15, 2025 to January 17, 2025. This new IPO is a book-built issue 1.03 crore equity shares. This upcoming IPO is offering a combination of fresh issues and offers for sale. Rikhav Securities SME IPO price band is Rs 82 – Rs 86 per share. As of now, Rikhav Securities IPO live GMP is at 65 which is +75.58% on premium, indicating bullish sentiment among investors for this IPO.Rikhav Securities SME IPO lot size is 1600 shares, and the allotment status is finalised on Monday, January 20, 2025. The minimum investment for retail investors is 1 lot, which is Rs 1,37,600. The registrar for Rikhav Securities IPO is Link Intime India Private Limited.

Know Before Investing

Strengths icon

  • Comprehensive financial services platform across multiple exchanges
  • Self-clearing member status enabling efficient trade settlements
  • Diverse revenue streams from broking to market making

Weaknesses icon

  • High working capital requirements needing fresh funding
  • Significant IT infrastructure upgrade requirements needing investment
  • Strong competition from tech-driven discount brokers

About Rikhav Securities Limited

Rikhav Securities Limited, established on March 21, 1995, is a financial services company Mumbai, Maharashtra based. The company initially incorporated as Brijmohan Sagarmal Finance Ltd, it rebranded in 2006. Rikhav Securities specialises in providing comprehensive brokerage and investment advisory services, focusing on High Net Worth Individuals (HNI) and retail clients. With an authorised capital of INR 22 crores and a paid-up capital of INR 14.98 crores, Rikhav Securities has shown significant growth.

Founded

1995

Managing Director

HITESH LAKHANI

Parent Organization

-

IPO Objectives

Rikhav Securities's IPO objectives include utilising the funding received from the fresh issue for various objectives, including funding the incremental working capital requirements and capital expenditure requirements of the company towards the purchase of IT software, computers and laptops. Further to meet general corporate purposes.

Company Promoters

Hitesh Himatlal Lakhani

Rajendra N Shah

Bharti Hitesh Lakhani

Vaishali R Shah

Deep Hitesh Lakhani

Monil Rajendra Shah

Hitesh Himatlal Lakhani HUF

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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IPO Allotment

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