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Rikhav Securities Limited IPO

Rikhav Securities Limited

Issue Open

Jan 15, 2025

Price Band

₹ 82 to ₹ 86 per share

Issue Size

88.82 Cr

Credit of Shares to Demat

Jan 21, 2025

Issue Close

Jan 17, 2025

Bid Lot

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

Jan 17, 2025 05:00 PM

Issue Type

Book build offer

Minimum Order Quantity

Allotment Details

Jan 20, 2025

Face Value

Rs 5/- per share

Listing On

Jan 22, 2025

Refunds

Jan 21, 2025

About the company:

Rikhav Securities Limited (RSL), established in 1995, is a prominent player in the equity broking, investing, and trading sectors. The company is registered with SEBI as a stock broker and holds memberships with the Bombay Stock Exchange (BSE), the National Stock Exchange of India (NSE), and the Multi Commodity Exchange (MCX). RSL offers a comprehensive range of financial services, including equity broking, cash delivery, intra-day trading, and futures and options trading, actively participating in various derivative and commodity segments.

As a Self-Clearing Member of the Indian Clearing Corporation Limited (ICCL) and NSE Clearing Limited (NCL), RSL ensures smooth trade settlements. Additionally, the company assists clients with participation in Initial Public Offerings (IPOs), provides depository services, and helps manage demat accounts. RSL also serves as a mutual fund advisor and distributor, guiding clients through the complexities of mutual fund investments.

RSL has been engaged in market-making since 2012, supporting companies listed on stock exchanges by enhancing liquidity and market efficiency. With over a decade of experience, the company has executed market-making mandates for 66 companies listed on SME platforms. Its revenue model includes fees from corporates, spreads, and other secondary market activities.

The company also makes proprietary investments in securities and derivatives, focusing on arbitrage gains. RSL offers its broking and other services through online platforms and a network of Authorized Persons across India, ensuring broad client outreach and providing diverse wealth solutions.

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