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Objective of the Issue
The company proposes to utilize the funds for the following objects:
- Funding the incremental working capital requirements.
- Funding of capital expenditure requirements of the company towards the purchase of IT Software, Computers and Laptops.
- General corporate purposes.
IPO Details, Price, Market Lot
| Rikhav Securities SME IPO Details | |
| IPO Open Date | 15 January 2025 |
| IPO Close Date | 17 January 2025 |
| IPO 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 (Aggregating up to ₹17.20 Cr) |
| Retail Portion | Not less than 35% of the offer |
| NII Portion | Not less than 15% of the offer |
| QIB Portion | Not more than 50% of the offer |
| Listing At | BSE SME |
| Rikhav Securities SME IPO Price | |
| Face Value | ₹5 Per Share |
| IPO Price Band | ₹82 to ₹86 Per Share |
| Employee Discount | — |
| IPO Issue Type | Book Built Issue |
| Rikhav Securities SME IPO Market Lot For Retail Investor | |
| No. of Shares Per Lot | 1,600 Shares |
| Minimum Lot Size | 1 Lot (1,600 Shares) |
| Minimum Amount (Cut-off price) | ₹1,37,600 |
| Maximum Lot Size | 1 Lot (1,600 Shares) |
| Maximum Amount (Cut-off price) | ₹1,37,600 |
| Rikhav Securities SME IPO Market Lot For HNI | |
| No. of Shares Per Lot | 1,600 Shares |
| Minimum Lot Size | 2 Lots (3,200 Shares) |
| Minimum Amount (Cut-off price) | ₹2,75,200 |
IPO Date, Listing Date, Allotment Date
| Rikhav Securities SME IPO Time Table (Tentative) | |
| IPO Open Date | 15 January 2025 |
| IPO Close Date | 17 January 2025 |
| Basis of Allotment Date | 20 January 2025 |
| Initiation of Refunds | 21 January 2025 |
| Credit of Share to Demat Account | 21 January 2025 |
| IPO Listing Date | 22 January 2025 |
Financial Report
| Period Ended | Assets (₹ in Lakh) |
Revenue (₹ in Lakh) |
P A T (₹ in Lakh) |
Net Worth (₹ in Lakh) |
Borrowings (₹ in Lakh) |
| 30 September 2024 | 33,791.49 | 9,615.83 | 5,037.32 | 18,845.06 | 2,598.06 |
| 31 March 2024 | 30,206.82 | 11,134.26 | 4,264.63 | 13,807.74 | 4,806.11 |
| 31 March 2023 | 18,772.01 | 5,452.43 | 1,910.27 | 9,496.21 | 994.27 |
| 31 March 2022 | 18,070.69 | 4,298.31 | 1,762.47 | 7,585.94 | 1,506.12 |
| Period Ended | 30 Sept. 2024 | 31 March 2024 | 31 March 2023 | 31 March 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 |
| P A T | 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 |
| Borrowings | 2,598.06 | 4,806.11 | 994.27 | 1,506.12 |
| Amount in ₹ Lakh | ||||
Company Promotor & Promotor’s Holding
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 are the promoter of company.
| Pre Issue Promotor Holding | 90.55% |
| Post Issue Promotor Holding | 65.63% |
Company Address
Rikhav Securities Limited
Office No. 922 – A, 9th Floor, P. J. Towers, Dalal Street Fort, Mumbai – 400001
Phone: 022 – 69078300
Email: investor@rikhav.in
Website: https://www.rikhav.net/
IPO Registrar, Lead Manager, Prospectus
| Rikhav Securities SME IPO Prospectus |
| Rikhav Securities SME IPO Registrar |
| Link Intime India Private Ltd |
| Rikhav Securities SME IPO Lead Manager |
| Smart Horizon Capital Advisors Private Limited |