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.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 33,791.49 | 30,206.82 | 18,772.01 | 18,070.69 | ||||||||||||||||||||||||||||||||||||
| Revenue | 9,615.83 | 11,134.26 | 5,452.43 | 4,298.31 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 5,037.32 | 4,264.63 | 1,910.27 | 1,762.47 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 18,845.06 | 13,807.74 | 9,496.21 | 7,585.94 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 17,346.86 | 12,309.54 | 7,998.01 | 7,086.54 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 2,598.06 | 4,806.11 | 994.27 | 1,506.12 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Rikhav Securities IPO is Rs 329.31 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 36.60% |
| ROCE | 29.48% |
| Debt/Equity | 0.35 |
| RoNW | 30.89% |
| PAT Margin | 40.94 |
| Price to Book Value | 1.87 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 14.23 | 26.31 |
| P/E (x) | 6.04 | 3.27 |
The company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:
| IPO Date | January 15, 2025 to January 17, 2025 |
| Listing Date | [.] |
| 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 (aggregating up to ₹88.82 Cr) |
| Fresh Issue | 83,28,000 shares (aggregating up to ₹ 71.62 Cr) |
| Offer for Sale | 20,00,000 shares of ₹5 (aggregating up to ₹17.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 2,99,64,000 shares |
| Share Holding Post Issue | 3,82,92,000 shares |
| Market Maker Portion | 5,24,800 shares |
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 Issue | 90.55% |
| Share Holding Post Issue | 65.63% |
Looking to invest ethically or according to Islamic principles? Expert Ethical brokers can help. Whether you need an ethical investment broker, a halal stock broker in India, or a Shariah-compliant broker, there are specialists available. Discover how to align your investments with your values and start your journey towards ethical wealth creation today through Ethical IAP or Ethical PMS.
Visit Prosperia.in to learn more about Ethical Investment Opportunities and start your journey towards ethical wealth creation today.
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
The IPO dashboard offers insights on the Latest Current & Upcoming IPOs in BSE & NSE. It also evaluates IPOs for Shariah compliance, ensuring alignment with Islamic principles for ethical investment choices.
Last Updated on January 14, 2025 Rikhav Securities Limited IPO Incorporated in 1995, Rikhav Securities Limited is a financial services company in India that offers brokerage, investing, and banking services.
Last Updated on January 12, 2025 Kabra Jewels Limited IPO Incorporated in 2010, Kabra Jewels Limited is engaged in the retail jewelry business, offers a diverse collection of gold, diamond,
Last Updated on January 12, 2025 Laxmi Dental Limited IPO Incorporated in July 2004, Laxmi Dental Limited is an integrated dental products company. The company offers custom crowns and bridges,
Copyright © 2023 - Halalstock.in
You can contribute as little as
100, 200, 500 & so…
every bit counts.
