Rikhav Securities Limited
IPO Details
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₹88(102.33%)
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Rikhav Securities Limited's has transitioned to a publicly listed entity following its IPO debut on Jan 22, 2025 at the BSE exchange. The public offering successfully raised 1,03,28,000 Shares, consisting of 83,28,000 Sharesin new capital and ₹17.20 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹82 to ₹86 and minimum application size of 1600 shares. Market reception was evidenced through subscription activity between Jan 15, 2025 and Jan 17, 2025, reflecting investor appetite for the offering.
Allotment of shares was completed on Jan 20, 2025, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1995, Rikhav Securities Limited is a financial services firm offering a wide range of brokerage, investment, and banking solutions in India. Registered with SEBI and a member of BSE, NSE, and MCX, the company provides services such as equity broking, intra-day and F&O trading, commodity trading, IPO participation, and depository services. It also acts as a mutual fund advisor and market maker, ensuring comprehensive investment support for clients. As a Self-Clearing Member of Indian Clearing Corporation and NSE Clearing, Rikhav ensures smooth trade settlements. As of September 30, 2024, it employs around 394 professionals across operations, administration, legal, and accounting.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Client Loyalty: Long-term relationships with clients support stable and sustained business growth.
- Comprehensive Services: A unified financial services platform offering diverse solutions enhances client convenience and retention.
- Expert Leadership: A skilled management team with strong execution capabilities ensures strategic growth and operational excellence.
- Litigation Risk: Outstanding litigation could negatively impact the company's business, reputation, and financial performance if outcomes are adverse.
- Regulatory Penalties: Past penal actions from stock exchanges and regulatory authorities pose a risk of future penalties, potentially affecting profitability and operations.
- Compliance Burden: Extensive statutory and regulatory requirements significantly influence the business, posing operational and financial risks.
- Mr. Hitesh Himatlal Lakhani
- Mr. Rajendra N. Shah
- Ms. Bharti Hitesh Lakhani
- Ms. Vaishali R. Shah
- Mr. Deep Hitesh Lakhani
- Mr. Monil Rajendra Shah
- M/s. Hitesh Himatlal Lakhani
Rikhav Securities Limited
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