Rikhav Securities Limited IPO
Rikhav Securities Limited IPO
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Rikhav Securities Limited's has transitioned to a publicly listed entity following its IPO debut on 22-01-2025 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 15-01-2025 and 17-01-2025, reflecting investor appetite for the offering.
Allotment of shares was completed on 20-01-2025, 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.
Rikhav Securities IPO About Company
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."
Rikhav Securities IPO Strength Factors
- 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.
Rikhav Securities IPO Risk Factors
- 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.
Rikhav Securities IPO Lead Manager(s)
- Smart Horizon Capital Advisors Private Limited
Rikhav Securities IPO Promoter(s)
- 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 IPO FAQs
Rikhav Securities Limited IPO subscribed 307.08 times. The public issue subscribed 251.36 times in the retail category,170.92times in QIB, and -- times in the HNI (10+) category byNovember 25, 2025 7:06:44 AM (Day 25).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Rikhav Securities IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Rikhav Securities IPO FAQs
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