Rikhav Securities IPO - Day 3 Subscription at 59.70 Times

resr 5paisa Research Team

Last Updated: 17th January 2025 - 01:43 pm

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Rikhav Securities' initial public offering (IPO) has received exceptional investor interest over the three-day period. The IPO demonstrated remarkable growth in demand, with subscription rates progressing from 8.47 times on day one, to 36.12 times on day two, and reaching an impressive 59.70 times by 11:09:09 AM on the final day.

Rikhav Securities IPO opened on 15th January 2025 and has seen outstanding participation across categories. The Retail Investors segment has shown exceptional interest, reaching 93.86 times subscription, while Non-Institutional Investors achieved remarkable subscription at 57.81 times. The QIB portion stands at 0.87 times.
 

Subscription Status of Rikhav Securities IPO:

Date QIB NII  Retail Total
Day 1 (Jan 15) 0.00 7.57 13.66 8.47
Day 2 (Jan 16) 0.87 28.42 59.41 36.12
Day 3 (Jan 17)* 0.87 57.81 93.86 59.70

*As of 11:04:10 AM

Here are the subscription details for Rikhav Securities IPO as of Day 3 (17th January 2025, 11:09:09 AM):

Investor Category Subscription (times) Shares Offered Shares bid for Total Amount (Rs Cr.)
Anchor Investors 1.00 29,20,000 29,20,000 25.11
Market Maker 1.00 5,24,800 5,24,800 4.51
Qualified Institutions 0.87 19,55,200 17,05,600 14.67
Non-Institutional Buyers 57.81 14,80,000 8,55,63,200 735.84
Retail Investors 93.86 34,48,000 32,36,28,800 2,783.21
Total 59.70 68,83,200 41,08,97,600 3,533.72

 

Note:
 

"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
The portions of anchor investors and market maker are not included in the total shares offered.

Key Highlights Rikhav Securities IPO - Day 3 Subscription

  • Overall subscription reached exceptional 59.70 times on the final day
  • Retail investors showing overwhelming response at 93.86 times subscription
  • Non-Institutional Investors achieved remarkable 57.81 times subscription
  • QIB portion steady at 0.87 times
  • Total bids worth ₹3,533.72 crores received
  • Applications reached 3,25,297 showing strong retail interest
  • Market response indicating robust demand
  • Final day demonstrating tremendous investor confidence
  • Most categories showing significant oversubscription

 

Rikhav Securities IPO - Day 2 Subscription at 36.12 Times

Key Highlights:

  • Overall subscription grew significantly to 36.12 times
  • Retail investors showed strong growth to 59.41 times
  • Non-institutional investors progressed to 28.42 times
  • QIB portion improved to 0.87 times
  • Day two witnessed accelerated momentum
  • Market response indicating growing confidence
  • Subscription trend showing strong momentum
  • All segments demonstrated substantial growth
  • Strong retail participation continued

 

Rikhav Securities IPO - Day 1 Subscription at 8.47 Times

Key Highlights:

  • Overall subscription opened strong at 8.47 times
  • Retail investors began remarkably at 13.66 times
  • Non-institutional investors showed interest at 7.57 times
  • QIB portion awaiting participation
  • Opening day demonstrated exceptional response
  • Market confidence evident in retail segment
  • Initial momentum indicating strong interest
  • Day one subscription exceeded expectations
  • Strong retail demand visible from start

 

About Rikhav Securities Limited

Incorporated in 1995, Rikhav Securities Limited has established itself as a comprehensive financial services company in India. The company offers a wide range of services including equity broking, futures and options trading, and commodity trading, with memberships across major exchanges including BSE, NSE, and MCX.

As a SEBI-registered stockbroker and Self-Clearing Member of both Indian Clearing Corporation and NSE Clearing, the company provides integrated financial services including IPO facilitation, depository services, and mutual fund advisory. Their business model is strengthened by long-term client relationships and an experienced management team.

Their financial performance shows robust growth, with revenue of ₹96.16 crores and profit after tax of ₹50.37 crores for the period ended September 30, 2024. The company maintains a workforce of 394 employees as of September 2024, managing various operational and administrative functions.
 

Highlights of the Rikhav Securities IPO:

  • IPO type: Book Built Issue SME IPO
  • IPO size: ₹88.82 crores
  • Fresh Issue: ₹71.62 crores (83.28 lakh shares)
  • Offer for Sale: ₹17.20 crores (20.00 lakh shares)
  • Face value: ₹5 per share
  • Price band: ₹82 to ₹86 per share
  • Lot size: 1,600 shares
  • Minimum investment for retail investors: ₹1,37,600
  • Minimum investment for HNI: ₹2,75,200 (2 lots)
  • Market maker reservation: 5,24,800 shares
  • Listing at: BSE SME
  • IPO opens: 15th January 2025
  • IPO closes: 17th January 2025
  • Allotment date: 20th January 2025
  • Refund initiation: 21st January 2025
  • Credit of shares: 21st January 2025
  • Listing date: 22nd January 2025
  • Lead Manager: Smart Horizon Capital Advisors Private Limited
  • Registrar: Link Intime India Private Ltd
  • Market Maker: Shreni Shares Limited

 

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