The Rikhav Securities Share Price 2030 is scheduled to open on January 15, 2025, and close on January 17, 2025, with the shares expected to list on January 22, 2025. The IPO price is fixed at ₹86 per share, with a total issue size of ₹88.82 crores. This IPO will be listed on the BSE SME exchange and requires a minimum lot size of 1,600 shares.
IPO Details
- IPO Opening Date: January 15, 2025
- IPO Closing Date: January 17, 2025
- Listing Date: January 22, 2025
- Issue Price: ₹86 per share
- Total Issue Size: ₹88.82 crores
- Lot Size: 1,600 shares
- Exchange: BSE SME
Company Background
Rikhav Securities Limited operates in the financial services domain, focusing on providing innovative and customer-centric investment solutions. With years of experience in wealth management, brokerage services, and investment advisory, the company has established a trusted reputation in the market.
Objectives of the IPO
- Business Expansion: Enhance its geographical presence by opening new branches and offices.
- Technology Upgrade: Improve digital infrastructure for better customer experience and operational efficiency.
- Debt Reduction: Strengthen the financial position by reducing existing liabilities.
- Working Capital: Meet day-to-day operational funding requirements.
Financial Performance and Predictions
- Revenue (Last FY): ₹75 Crores
- Profit (Last FY): ₹12 Crores
- Year-over-Year Growth: 15%
| Year | Predicted Share Price (₹) |
|---|---|
| 2025 | ₹90 – ₹100 |
| 2026 | ₹110 – ₹125 |
| 2027 | ₹135 – ₹150 |
| 2028 | ₹165 – ₹180 |
| 2029 | ₹190 – ₹210 |
| 2030 | ₹220 – ₹240 |
Subscription Details
| Category | Expected Subscription |
|---|---|
| Retail Investors | Moderate |
| Institutional Investors | High |
| HNIs | Strong |
Key Growth Factors
- Growing Financial Sector: Increasing demand for wealth management and investment services.
- Technology Investments: Enhancing digital platforms for trading and advisory.
- Expanding Client Base: Focused efforts to attract retail and institutional investors.
- Experienced Leadership: A proven track record of delivering value to stakeholders.
Conclusion
The Rikhav Securities Limited IPO offers a promising opportunity in the expanding financial services sector. With robust growth potential, the company’s strategic objectives aim to enhance market presence and financial stability. Potential investors should evaluate the risks and rewards of this SME IPO before making a decision.