Rikhav Securities Limited IPO

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

  • Long term relationship with the clients
  • An integrated financial services platform
  • Experienced management team with proven execution capabilities

As of September 30, 2024, the company has about 394 employees managing daily operations and administrative, legal, and accounting functions.

Rikhav Securities Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets33,791.4930,206.8218,772.0118,070.69
Revenue9,615.8311,134.265,452.434,298.31
Profit After Tax5,037.324,264.631,910.271,762.47
Net Worth18,845.0613,807.749,496.217,585.94
Reserves and Surplus17,346.8612,309.547,998.017,086.54
Total Borrowing2,598.064,806.11994.271,506.12
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Rikhav Securities IPO is Rs 329.31 Cr.

KPI as of Sun, Mar 31, 2024.

KPIValues
ROE36.60%
ROCE29.48%
Debt/Equity0.35
RoNW30.89%
PAT Margin40.94
Price to Book Value1.87
 Pre IPOPost IPO
EPS (Rs)14.2326.31
P/E (x)6.043.27
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Objects of the Issue (Rikhav Securities IPO Objectives)

The company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:

  1. Funding the incremental working capital requirements;
  2. Funding of capital expenditure requirements of the company towards the purchase of IT Software, Computers and Laptops:
  3. General corporate purposes

Rikhav Securities IPO Details

IPO DateJanuary 15, 2025 to January 17, 2025
Listing Date[.]
Face Value₹5 per share
Price Band₹82 to ₹86 per share
Lot Size1,600 Shares
Total Issue Size1,03,28,000 shares
(aggregating up to ₹88.82 Cr)
Fresh Issue83,28,000 shares
(aggregating up to ₹ 71.62 Cr)
Offer for Sale20,00,000 shares of ₹5
(aggregating up to ₹17.20 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share Holding Pre Issue2,99,64,000 shares
Share Holding Post Issue3,82,92,000 shares
Market Maker Portion5,24,800 shares

Rikhav Securities IPO Promoter Holding

The Promoters of the company are Mr Hitesh Himatlal Lakhani, Mr Rajendra N Shah, Ms Bharti Hitesh Lakhani, Ms Vaishali R Shah, Mr Deep Hitesh Lakhani, Mr Monil Rajendra Shah and M/s. Hitesh Himatlal Lakhani HUF.

Share Holding Pre Issue90.55%
Share Holding Post Issue65.63%

SHARIAH SCREENING for - Rikhav Securities Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
If you find this result mistaken or questionable, let us know via email at info (@) halalstock.in

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