Rikhav Securities Limited is set to launch its initial public offering (IPO) from January 15 to January 17, 2025, aiming to raise approximately ₹88.82 crores. The IPO will consist of a fresh issue of equity shares priced between ₹82 and ₹86 each, with a face value of ₹5. Rikhav Securities operates in the financial services sector, providing trading across various derivative and commodity segments. The funds raised will primarily be utilized for expanding operational capabilities and enhancing technological infrastructure.
₹77.4
₹86
₹163.40
Expert Opinions
Market sentiment for the Rikhav Securities IPO is cautiously optimistic, reflecting growing interest in the financial services sector, especially as trading activities increase amid favorable market conditions. Rikhav Securities has demonstrated robust financial performance, with revenues soaring from ₹49.47 crores in FY2023 to ₹104.16 crores in FY2024, showcasing its effective business model and operational efficiency. However, potential risks include market volatility and regulatory changes that could impact trading volumes and profitability.
The IPO is priced between ₹82 and ₹86 per share, aiming to raise approximately ₹88.82 crores. With a projected earnings per share (EPS) of ₹14.23, the price-to-earnings (P/E) ratio suggests a competitive valuation compared to industry peers. From a long-term investment perspective, Rikhav Securities is well-positioned to benefit from the expanding financial services market in India.
Investor Considerations
Investors considering the Rikhav Securities IPO should assess several critical factors. Company performance and fundamentals reflect strong growth, with revenues increasing from ₹49.47 crores in FY2023 to ₹111.34 crores in FY2024, alongside profits rising from ₹19.57 crores to ₹42.65 crores, indicating effective management and operational efficiency. The sector outlook is positive, as the financial services market continues to expand, fueled by increasing trading activity and a growing retail investor base.
The IPO valuation, priced between ₹82 and ₹86 per share, suggests a competitive entry point given the projected earnings per share (EPS) of ₹14.23 and a return on net worth (RoNW) of 30.89%. Growth prospects remain strong due to plans for technological enhancements and service expansions. However, potential risk factors include market volatility and regulatory challenges that could impact profitability. A long-term investment horizon is recommended as Rikhav Securities aims to capitalize on favorable market trends in the financial sector.
| Date | GMP | Trend |
|---|---|---|
| 21 Jan 2025 11.08 | ₹77.4 | Down |
| 20 Jan 2025 11.53 | ₹100 | Up |
| 18 Jan 2025 11.30 | ₹85 | --- |
| 17 Jan 2025 11.28 | ₹85 | Up |
| 16 Jan 2025 11.06 | ₹70 | --- |
| 15 Jan 2025 10.53 | ₹70 | Up |
| 13 Jan 2025 11.24 | ₹00 | --- |
| 12 Jan 2025 16.31 | ₹00 | --- |
| 11 Jan 2025 16.57 | ₹00 | --- |
FAQs
The Grey Market Premium showed perfect accuracy in predicting Rikhav Securities’ listing performance. The GMP of ₹77.40 predicted a premium of 90% over the issue price, and the stock delivered exactly the same gain of 90%. With zero prediction error, the GMP perfectly captured both the direction and magnitude of the listing gains, demonstrating exceptional precision in this case.
Rikhav Securities IPO Current GMP is ₹77.4.
Rikhav Securities IPO Expected Returns is 90.00%.
Rikhav Securities IPO estimated listing price is ₹163.4.