The Rikhav Securities Limited Share Price 2030 is set to open on January 15, 2025, and will close on January 17, 2025. This IPO is an opportunity to invest in a company well-versed in financial services, providing robust investment solutions. Below are the key details and insights into the IPO and company.
IPO Details
- IPO Opening Date: January 15, 2025
- IPO Closing Date: January 17, 2025
- Issue Price: ₹86 per share
- Total Issue Size: ₹88.82 Crores
- Lot Size: 1,600 shares
- Expected Listing Date: January 22, 2025
- Listing Exchange: BSE SME
- Lead Managers:
- Smart Horizon Capital Advisors
- Shreni Shares
Company Background: Rikhav Securities Limited
Rikhav Securities Limited is a leading player in the financial services sector, specializing in wealth management, stockbroking, and investment advisory services. With a commitment to providing tailored financial solutions, the company caters to retail investors, HNIs, and institutional clients.
Objectives of the IPO
- Market Expansion: Broaden its geographic reach to serve more clients.
- Technology Upgradation: Invest in advanced trading and analytics platforms.
- Debt Reduction: Strengthen its financial standing by lowering liabilities.
- Brand Visibility: Enhance market presence through increased marketing efforts.
Financial Performance and Predictions
For FY 2023-24, the company reported:
- Revenue: ₹280 Crores
- Net Profit: ₹42 Crores
- Year-on-Year Growth: 16%
| Year | Predicted Share Price (₹) |
|---|---|
| 2025 | ₹90 – ₹100 |
| 2026 | ₹110 – ₹130 |
| 2027 | ₹140 – ₹160 |
| 2028 | ₹170 – ₹190 |
| 2029 | ₹200 – ₹220 |
| 2030 | ₹230 – ₹260 |
Subscription Details
| Category | Subscription Level |
|---|---|
| Retail Investors | High |
| Qualified Institutional Buyers (QIBs) | Moderate |
| High-Net-Worth Individuals (HNIs) | Strong |
Key Growth Factors
- Increasing Investment Trends: Rising participation in equity markets.
- Digital Transformation: Adoption of advanced fintech solutions for client servicing.
- Market Penetration: Growth in underserved regions and niche segments.
- Robust Client Base: A loyal and diversified customer portfolio.
Conclusion: Is Rikhav Securities Limited IPO a Good Investment?
The Rikhav Securities Limited IPO offers a solid investment opportunity in a growing financial sector. Its focus on innovation, customer-centric solutions, and strong financials positions it well for long-term growth. While the IPO has potential, investors should assess market conditions and individual financial goals before participating.