What is the Rikhav Securities IPO?
The Rikhav Securities IPO, which launched its subscription on January 15, has quickly caught the attention of investors. The initial public offering is priced at ₹88.82 crore and comprises a fresh issue of ₹71.62 crore and an offer for sale of ₹17.20 crore. Investors have been showing a lot of interest in this offering, making it one of the most anticipated IPOs in recent months.
Key Details of the Rikhav Securities IPO’s
The IPO consists of:
- Fresh Issue: 83.28 lakh shares worth ₹71.62 crore
- Offer for Sale: 20 lakh shares valued at ₹17.20 crore
The IPO aims to raise capital to boost working capital requirements and enhance the company’s IT infrastructure, which includes investments in computers, laptops, and software.
Rikhav Securities IPO Subscription Status: Day 3 Updates
As of January 17, 2025, the Rikhav Securities IPO GMP stands at ₹85, indicating a strong demand for the shares. By 12:04 p.m. on the third day of subscription, the IPO had been subscribed an impressive 80.87 times, showcasing overwhelming interest among investors.
- Qualified Institutional Buyers: 0.87 times
- Non-Institutional Buyers: 28.42 times
- Retail Investors: 59.41 times
The demand for shares has been especially strong among retail investors, reflecting confidence in the company’s growth prospects.
Grey Market Premium (GMP) of Rikhav Securities IPO
As of January 17, the Rikhav Securities IPO GMP is ₹85, as per the tracking site Investorgain.com. This means that the shares are trading at a significant premium in the grey market, indicating positive sentiment among investors. The higher the GMP, the more likely it is that the IPO will be successful upon listing, offering potential for listing gains.
Reserved Share Categories
The IPO has been divided into different categories for various types of investors. Here’s how the shares are reserve:
- Qualified Institutional Buyers (QIBs): 18.93% of the shares
- Non-Institutional Buyers (NIBs): 14.33%
- Retail Investors: 33.38%
- Anchor Investors: 28.27%
This allocation ensures a balanced distribution of shares to meet the demand across various investor segments.
Allotment and Listing Date
For those eagerly awaiting the results of the Rikhav Securities IPO, the allotment will finalize on January 20, 2025. Investors can expect the shares to credit to their Demat accounts on January 21, 2025. If you aren’t allotted shares, don’t worry—refunds will also be processed on the same day.
Rikhav Securities Ltd.: An Overview
Rikhav Securities Ltd. is a SEBI-registered financial services company offering a range of services such as equity broking, cash delivery, intra-day trading, and futures and options. With a strong reputation in the market, Rikhav Securities has established itself as a trusted name in the investment world. The company’s growth trajectory and strong fundamentals have made this IPO a hot topic among potential investors.
Use of Proceeds from the IPO
The company plans to use the proceeds from its fresh issue to fuel its expansion. A significant portion will go towards strengthening its working capital requirements, ensuring smooth day-to-day operations. Additionally, Rikhav Securities intends to invest in IT infrastructure to enhance its technological capabilities, providing better services to clients. A part of the funds will also allocate for general corporate purposes.
Rikhav Securities has shown consistent growth over the years, which is reflect in the strong subscription numbers for its IPO’s. As of the latest financial reports, the company has a robust track record of revenue generation and profitability. With its focus on technology and customer satisfaction, Rikhav Securities is well-position for future success.
What Makes the Rikhav Securities IPO Attractive?
The combination of strong financials, high demand in the subscription process, and the attractive Rikhav Securities IPO GMP has made this IPO’s an appealing option for investors. The company’s focus on expanding its IT infrastructure and working capital requirements shows a clear roadmap for growth. These factors make the Rikhav Securities IPO a solid investment choice for those looking to enter the stock market with a promising IPO’s.
How to Apply for the Rikhav Securities IPO?
Applying for the Rikhav Securities IPO is simple. Investors can apply through:
- Online Platforms: Use your Demat account to apply through trading apps or portals.
- Banks: Apply via your bank’s online trading platform if you have a Demat account linked with it.
Make sure to check your eligibility and have the required documents in place before submitting your application.
Read More: Telangana Earthquake: 5.3-Magnitude Tremor Shakes Hyderabad and Surrounding Areas
Conclusion
The Rikhav Securities IPO has captured the attention of investors due to its attractive offering, strong subscription numbers, and positive IPO’s GMP. With a clear use of proceeds and a solid financial base, Rikhav Securities is poise for growth. Whether you’re a retail investor or a qualified institution, the IPO presents a promising opportunity for participation. Don’t forget to stay updated on the allotment and listing dates to make the most of this exciting offering