Rikhav Securities SME IPO Details, Financials, Valuation & Peers
Explore Rikhav Securities IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Rikhav Securities Limited (RSL), established in 1995, is a SEBI-registered stock broker offering a comprehensive range of financial services. The company holds memberships with BSE, NSE, and MCX, providing services such as equity broking, trading, IPO participation, mutual fund advisory, and depository services. As a Self-Clearing Member of ICCL and NCL, RSL ensures smooth trade settlements. The company is also a leading Market Maker in the SME segment, enhancing liquidity and efficiency for recently listed securities. With over two decades of expertise, RSL caters to institutional, high-net-worth, and retail clients across India through its digital platforms and a network of authorized partners. The company is committed to leveraging technology and industry expertise to provide seamless trading and investment experiences. RSL also engages in proprietary investments, focusing on securities and derivatives with strategic, data-driven approaches.
Key Points:
- Services: Offers cash delivery, intraday trading, futures, options, IPO participation, mutual fund advisory, and depository services.
- Market Maker: Registered as a Market Maker since 2012 (BSE) and 2016 (NSE), supporting 66 SME-listed companies and enhancing market liquidity.
- Proprietary Investments: Strategic investments in tradable securities and derivatives based on robust analysis and arbitrage opportunities.
- Technology-Driven Operations: Launched a mobile app in 2024, digitized client onboarding, and offers a web-based trading platform for seamless services.
- Extensive Client Reach: Operates through 24 Authorized Persons for equity and derivatives trading and serves a diverse clientele across India.
- Revenue Model: Generates income through brokerage fees, market-making mandates, and proprietary trading activities.
- Commitment to Excellence: Combines advanced technology, customer-centric services, and a knowledge-based approach to deliver superior client experiences.
Objects of the Issue
- Funding the incremental working capital requirements;
- Funding of capital expenditure requirements of the Company towards purchase of IT Software, Computers and Laptops:
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 15 Jan - 17 Jan 2025 |
| IPO Price Band | ₹82 - ₹86 per share |
| Fresh Issue | 83,28,000 shares (₹71.62 crore) |
| Offer For Sale | 20,00,000 shares (₹17.20 crore) |
| Total IPO Size | ₹88.82 crore |
| Face Value | ₹5 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 15 Jan 2025 |
| IPO Closing Date | 17 Jan 2025 |
| Basis Of Allotment | 20 Jan 2025 |
| Refunds | 21 Jan 2025 |
| Demat Transfer | 21 Jan 2025 |
| IPO Listing Date | 22 Jan 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 42.98 | 54.52 | 111.34 | 96.16 |
| Total Expenses | 20.86 | 29.90 | 58.98 | 33.24 |
| Net Profit/Loss | 17.62 | 19.57 | 42.65 | 50.37 |
| NPM (*) | 49.65 | 39.56 | 40.94 | 54.25 |
| Total Assets | 180.71 | 187.72 | 302.07 | 337.91 |
| Total Liabilities | 104.85 | 92.76 | 163.99 | 149.46 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 5.88 | 6.38 | 14.23 | 16.81 |
| ROE (%) | 26.29 | 22.91 | 36.60 | 30.85 |
| ROCE (%) | 28.07 | 26.68 | 29.48 | 30.66 |
| D/E Ratio | 0.20 | 0.10 | 0.35 | 0.14 |
| Current Ratio | 1.00 | 1.17 | 0.90 | 1.12 |
| EBITDA MARGIN (%) | 51.62 | 47.25 | 46.32 | 67.54 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Rikhav Securities Limited | 104.16 | 6.04 | 14.23 | 30.89 | 46.08 |
| Alacrity Securities Limited | 341.20 | 29.09 | 5.43 | 25.42 | 21.37 |
| Angel One Limited | 4,271.68 | 20.94 | 131.81 | 37.04 | 361.70 |
| Share India Securities Limited | 1,482.81 | 13.96 | 21.83 | 24.37 | 91.23 |
| Pune E – Stock Broking Limited | 66.43 | 16.68 | 11.04 | 9.77 | 81.33 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 170.92 |
| Non-Institutional Investor (NII/HNI) | 616.42 |
| Retail Individual Investor (RII) | 251.36 |
| Total | 307 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- 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 HUF
Lead Managers
- SMART HORIZON CAPITAL ADVISORS PRIVATE LIMITED
Company Address
Rikhav Securities Limited
Office No. 922 - A, 9th Floor, P. J. Towers, Dalal Street, Fort, Mumbai - 400 001, Maharashtra, India.
Phone: 022 - 69078300
Email: investor@rikhav.in
Website: https://www.rikhav.net
FAQs
- What is the issue size of the Rikhav Securities SME IPO?The Rikhav Securities SME IPO has an issue size of ₹88.82 crore. This includes a fresh issue of 83,28,000 shares (₹71.62 crore) and an offer for sale (OFS) of 20,00,000 shares (₹17.20 crore).
- What is the price band of the Rikhav Securities IPO?The price band for the Rikhav Securities IPO is ₹82 - ₹86 per share.
- What are the bidding dates for the Rikhav Securities IPO?The Rikhav Securities IPO will open for bidding on 15 Jan 2025 and close on 17 Jan 2025.
- What is the allotment date for the Rikhav Securities IPO?The allotment date for the Rikhav Securities IPO is 20 Jan 2025.
- What is the minimum lot size and investment required for the Rikhav Securities IPO?The minimum lot size for the Rikhav Securities IPO is 1600 shares and the minimum investment required is ₹1,37,600.
- What is the listing date for the Rikhav Securities IPO?The listing date for the Rikhav Securities IPO is 22 Jan 2025.
- What is the Rikhav Securities IPO grey market premium?The grey market premium (GMP) for the Rikhav Securities IPO is currently at ₹96, with an expected listing gain of approximately 111.63%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.