Founded in 1995, Rikhav Securities Limited is a leading financial services company based in India. The firm operates under the leadership of its key promoters and top management, including Chairman Hitesh Himatlal Lakhani and Managing Director Rajendra N Shah. The company has become a prominent player in the financial sector, offering a broad range of brokerage, investment, and banking services.
Industry Expertise
With decades of experience in the financial services industry, Rikhav Securities has developed significant expertise in equity broking, trading, and financial solutions. The company is registered with SEBI as a stockbroker and holds memberships with major exchanges such as BSE, NSE, and MCX. Their specialized services cater to both retail and institutional clients, including offerings in cash delivery, intra-day trading, futures, and options.
Product Portfolio
Rikhav Securities’ core focus is on offering services in various segments of financial markets, including:
Equity Broking: Trading in shares and stocks on national exchanges.
Cash Delivery: Facilitating buying and selling of shares in the cash segment.
Intra-Day Trading: Allowing traders to capitalize on short-term market movements.
Futures & Options: Trading in derivatives for hedging and speculative purposes.
Derivatives and Commodities: Specialized offerings in derivative markets and commodity trading.
Operational Infrastructure
Rikhav Securities operates with a robust operational framework supported by advanced technology and platforms. The company is a Self-Clearing Member of the Indian Clearing Corporation and NSE Clearing, ensuring efficient and seamless trade settlements. Its operational facilities are equipped to provide high-level services while complying with industry standards.
Market Presence
The company has a wide-reaching market presence, with a focus on offering products and services to diverse client segments. While the financial markets of India serve as the primary revenue generator, Rikhav Securities is rapidly expanding its presence in the IPO space, offering opportunities for investment in initial public offerings and mutual funds. The company’s growth is propelled by its strong relationships with active traders and investors.
Conclusion
Rikhav Securities Limited’s long-standing presence in the financial services industry, coupled with its diverse offerings and solid infrastructure, positions it as a promising contender in the market. With its upcoming IPO, investors have a unique opportunity to participate in the growth of a well-established company poised for continued success in India’s dynamic financial sector.
Rikhav Securities IPO Details
Details
Information
IPO Date
January 15, 2025 to January 17, 2025
Listing Date
January 22, 2025
Face Value
₹5 per share
Price Band
₹82 to ₹86 per share
Lot Size
1,600 Shares
Total Issue Size
1,03,28,000 shares (₹88.82 Cr)
Fresh Issue
83,28,000 shares (₹71.62 Cr)
Offer for Sale
20,00,000 shares (₹17.20 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE SME
Market Maker Portion
5,24,800 shares (Shreni Shares Limited)
Share Holding Pre Issue
2,99,64,000 shares
Share Holding Post Issue
3,82,92,000 shares
Rikhav Securities IPO Reservation Details
Investor Category
Shares Offered
Percentage (%)
Anchor Investor
29,20,000
28.27%
Market Maker
5,24,800
5.08%
QIB (Qualified Institutional Buyers)
19,55,200
18.93%
NII (Non-Institutional Investors)
14,80,000
14.33%
RII (Retail Individual Investors)
34,48,000
33.38%
Total
1,03,28,000
100%
Rikhav Securities IPO Anchor Investors Details
Details
Information
Anchor Bid Date
January 14, 2025
Shares Offered
29,20,000
Anchor Portion Size
₹25.11 Cr
Lock-In Period End (50%)
February 20, 2025
Lock-In Period End (Remaining 50%)
April 21, 2025
Rikhav Securities IPO Timeline
Event
Date
IPO Open Date
January 15, 2025
IPO Close Date
January 17, 2025
Basis of Allotment
January 20, 2025
Initiation of Refunds
January 21, 2025
Credit of Shares to Demat
January 21, 2025
Listing Date
January 22, 2025
UPI Mandate Confirmation
January 17, 2025 (5 PM)
Rikhav Securities IPO Lot Size
Investor Type
Lots
Shares
Amount (₹)
Retail (Min)
1
1,600
₹1,37,600
Retail (Max)
1
1,600
₹1,37,600
HNI (Min)
2
3,200
₹2,75,200
Rikhav Securities Promoter Holding
Category
Shareholding (%)
Pre IPO
90.55%
Post IPO
65.63%
Rikhav Securities Limited Financials
Metrics
30 Sep 2024
31 Mar 2024
31 Mar 2023
31 Mar 2022
Assets (₹ Lakhs)
33,791.49
30,206.82
18,772.01
18,070.69
Revenue (₹ Lakhs)
9,615.83
11,134.26
5,452.43
4,298.31
Profit After Tax (₹ Lakhs)
5,037.32
4,264.63
1,910.27
1,762.47
Net Worth (₹ Lakhs)
18,845.06
13,807.74
9,496.21
7,585.94
Reserves and Surplus (₹ Lakhs)
17,346.86
12,309.54
7,998.01
7,086.54
Total Borrowing (₹ Lakhs)
2,598.06
4,806.11
994.27
1,506.12
Key Performance Indicators
Metrics
Value
Market Cap (₹ Cr)
329.31
ROE (%)
36.60%
ROCE (%)
29.48%
Debt/Equity Ratio
0.35
RoNW (%)
30.89%
PAT Margin (%)
40.94%
Price to Book Value
1.87
Pre IPO and Post IPO Comparison
Metrics
Pre IPO
Post IPO
EPS (₹)
14.23
26.31
P/E (x)
6.04
3.27
Competitive Strengths and Advantages
Integrated Service Offering: Rikhav Securities excels in providing a complete range of services, from simple trading to advanced derivatives, all through a single platform. This integrated approach strengthens client loyalty and ensures continuous revenue.
Advanced Technology Infrastructure: The company leverages cutting-edge trading platforms and robust risk management systems, enabling efficient trade execution and enhancing customer satisfaction.
Skilled Workforce: With a team of 394 professionals, Rikhav Securities has built strong operational capabilities across areas such as operations, legal affairs, and accounting, ensuring smooth day-to-day functioning.
Industry Recognition: Being a Self-Clearing Member of major exchanges like NSE and BSE, Rikhav Securities has established trust in the market, reducing operational costs and enhancing credibility.
Established Clientele: The company benefits from long-term relationships with its clients, offering stable revenue streams and opportunities to introduce new services to an existing base.
Risks & Challenges
Sensitivity to Market Fluctuations: The company’s financial performance is highly susceptible to changes in market conditions and trading volumes. Any significant market instability could negatively affect their operations.
Regulatory Uncertainty: Potential changes in the regulatory framework, including SEBI regulations or exchange rules, could impact the business model and profitability of Rikhav Securities.
Intense Competition: The financial services industry is highly competitive, with both traditional institutions and emerging digital platforms posing constant pressure on market share and profitability.
Technology Dependence: Rikhav Securities relies heavily on technology, and any vulnerability such as system failures or cybersecurity threats could disrupt their services and impact client trust.
Client Concentration Risk: A significant portion of the company’s revenue comes from active traders. A reduction in trading activity, especially during market downturns, could lead to decreased income and affect overall performance.
Learn about Rikhav Securities IPO Grey Market Premium (GMP) Here
