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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹88.82 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹88.82 Cr |
| Fresh Issue | ₹67.11 Cr |
| Offer for Sale | ₹17.20 Cr |
| Face Value | ₹5 Per Equity Share |
| Price Band | ₹82.00-86.00 per share |
| Discount | Retail: 0.00,Employee: 0.00,ShareHolder: 0.00 |
| BSE Code | 544340 |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Smart Horizon Capital Advisors... |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
Incorporated in 1995, Rikhav Securities Limited is a financial services company in India that offers brokerage, investing, and banking services.
The company is registered with SEBI as a stockbroker and holds memberships with BSE Limited (BSE), the National Stock Exchange of India (NSE), and the Multi Commodity Exchange (MCX).
The company's services include equity broking, cash delivery, intra-day trading, futures, and options.
The company trades in various derivative and commodity segments. As a Self-Clearing Member of the Indian Clearing Corporation and NSE Clearing, the company ensure smooth trade settlements. Rikhav Securities helps clients participate in IPOs and provides depository services for demat accounts.
As mutual fund advisors, the company guides clients through their investment options.
The company also undertakes market-making activities.
Competitive Strength
As of September 30, 2024, the company has about 394 employees managing daily operations and administrative, legal, and accounting functions.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding incremental working capital requirements | 46.00 |
| 2 | Funding of capital expenditure requirements of Company towards purchase of IT Software, Computers and Laptops | 4.13 |
| 3 | General Corporate Purposes | 12.76 |
| 4 | Issue expenses | 8.73 |
| Total | 71.62 |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 337.91 | 302.07 | 187.72 | 180.71 |
| Total Income | 96.16 | 111.34 | 54.52 | 42.98 |
| Profit After Tax | 50.37 | 42.65 | 19.10 | 17.62 |
| NET Worth | 188.45 | 138.08 | 94.96 | 75.86 |
| Reserves and Surplus | 173.47 | 123.10 | 79.98 | 70.87 |
| Total Borrowing | 25.98 | 48.06 | 9.94 | 15.06 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 36.60% |
| ROCE | 29.48% |
| Debt / Equity | 0.35% |
| RoNW | 30.89% |
| PAT Margin | 40.94% |
| Price to Book Value | 1.87 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 14.23 | 26.31 |
| P/E (x) | 6.04 | 3.27 |
| Promoter Holding | 90.55% | 65.63% |
| Market Cap | ₹329.31 Cr. | |
