Rikhav Securities, a well-known financial services company, has launched its IPO to raise ₹88.82 crores. The IPO opened on January 15, 2025, and will close on January 17, 2025. The price band for the shares is set at ₹82 to ₹86. What’s grabbing attention is the Rikhav Securities IPO Grey Market Premium Today is currently trading unofficially ₹70. This means the shares might list at ₹156, giving an impressive 81% gain on the upper price band.
On the first day of the IPO, January 15, the issue was fully subscribed and saw a lot of interest from retail investors, with their portion getting subscribed 13.66 times! By the second day, January 16, the IPO had been subscribed more than 18 times overall, with retail investors leading the charge at 32.6 times subscription. It’s clear that demand for this IPO is high.
Rikhav Securities IPO Grey Market Premium Today
The Grey Market Premium (GMP) is like a sneak peek into how much excitement an IPO is generating before it officially lists. It’s the extra amount investors are willing to pay over the IPO price in unofficial markets. For Rikhav Securities, the GMP has been a hot topic lately because it’s holding steady at a strong level.
Here’s a look at the GMP trend over the last few days:
| Date | GMP (₹) | Remarks |
|---|---|---|
| January 13, 2025 | No data | GMP activity was yet to pick up. |
| January 14, 2025 | ₹70 | Investors started showing serious interest in the IPO. |
| January 15, 2025 | ₹70 | The GMP remained steady, indicating consistent demand. |
| January 16, 2025 | ₹70 | Still holding strong, reflecting solid investor confidence. |
A steady GMP of ₹70 means investors expect the shares to list at around ₹156 (₹86 IPO price + ₹70 GMP). This translates to a potential 81% gain over the upper IPO price band a sign of strong demand.
The consistent GMP suggests that there’s significant enthusiasm for the Rikhav Securities IPO. A high GMP often means the IPO is expected to deliver solid listing gains. However, it’s important to remember that GMP values are unofficial and driven by speculation. The actual listing price can vary based on broader market conditions and company fundamentals.
Rikhav Securities IPO Details
| Particulars | Details |
|---|---|
| IPO Issue Size | ₹88.82 Crore |
| Fresh Issue | ₹71.62 Crore |
| Offer for Sale (OFS) | 20 Lakh Shares |
| Price Band | ₹82 to ₹86 |
| Market Lot | 1600 Shares |
| Retail Investor Quota | 35% |
| Qualified Institutional Buyers (QIB) Quota | 50% |
| Non-Institutional Investors (NII) Quota | 15% |
| IPO Type | BSE SME |
| IPO Open Date | January 15, 2025 |
| IPO Close Date | January 17, 2025 |
| Basis of Allotment Finalization | January 20, 2025 |
| Refunds Initiated | January 21, 2025 |
| Shares Credited to Demat Accounts | January 21, 2025 |
| Listing Date | January 22, 2025 |
Rikhav Securities IPO Objectives
Rikhav Securities plans to use the funds raised from its IPO for several key purposes. A significant portion will be used to pay off existing loans, which will help reduce interest costs and strengthen the company’s financial position. Some of the funds will be allocated for working capital needs, supporting the company’s day-to-day operations. Additionally, the company aims to use part of the money for general corporate purposes, such as upgrading technology or expanding its business. Overall, these objectives are designed to improve the company’s financial health, support its growth, and help it stay competitive in the market.
Rikhav Securities Compnay Overview
Rikhav Securities is a financial services company what offers a lot of things to both individual and institutional investors. They started with the aim to give quality financial solution, and now they work in areas like stockbroking, investment advices and wealth management.
They provides services like:
- Stockbroking: Rikhav Securities helps clients to trade in things like stocks, bonds and other financial stuff. They got platform for beginners and also for people with experience in trading.
- Investment Advisory: They offer advises on investments too, helping clients make choices based on their goals and how much risk they willing to take.
- Wealth Management: Rikhav Securities gives wealth management services too for high-net-worth individuals (HNIs) and institutions. It includes helping with portfolio management, financial planning and other things to grow and manage money.
Official Website – https://www.rikhav.net/
Rikhav Securities Financials
| Financial Metric | FY 2022-23 | FY 2023-24 |
|---|---|---|
| Revenue | ₹49.47 crore | ₹104.16 crore |
| Profit After Tax (PAT) | ₹17.62 crore | ₹42 crore |
| Net Worth | ₹7,585.94 lakh | ₹13,807.74 lakh |
| Return on Equity (ROE) | 22.91% | 36.60% |
| Total Assets | ₹30,206.82 lakh | ₹33,791.49 lakh |
| Borrowings | ₹40 crore | ₹26 crore |
Rikhav Securities IPO Good Or Bad
Rikhav Securities IPO looks like a pretty good investment based on the current data. The Grey Market Premium (GMP) has been strong at ₹70 for the past few days, which is a good sign. It means people are willing to pay more than the IPO price, and this usually shows that investors are excited about the stock. With this kind of GMP, there’s a chance of a strong listing gain, around 81% over the issue price of ₹86.
When we look at the financials, the company has been doing well. In FY 2023-24, the revenue grew to ₹104.16 crore from ₹49.47 crore, which is a big jump. Their Profit After Tax (PAT) also jumped from ₹17.62 crore to ₹42 crore. The net worth has grown too, from ₹7,585.94 lakh to ₹13,807.74 lakh, showing they’re getting stronger financially. Their Return on Equity (ROE) went up from 22.91% to 36.60%, which means they’re using their money well to make profits.
Also, the IPO has been getting a lot of attention, especially from retail investors. It shows there’s a lot of confidence in the company and people are interested in getting in early.
Financial Disclaimer:
This article is for informational purposes only and does not constitute financial or investment advice. Investing in IPOs carries risks, and past performance is not a guarantee of future results. Always do your own research and consult with a financial advisor before making any investment decisions.
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