Price Band
₹82 - ₹86
Lot Size
1600
Issue Size
₹88.82 Cr
GMP
N/A
Subscription
307.00x
Analyzing...
IPO Schedule
1
Open
15 Jan 2025
2
Close
17 Jan 2025
3
Allotment
-
4
Listing
22 Jan 2025
About Rikhav Securities
Rikhav Securities is an SME operating in the financial services sector, primarily focused on providing brokerage services and trading platforms to its clients. They facilitate trading in equities, derivatives, and other financial instruments for retail and institutional investors.
Key Strengths
- High Return on Equity (ROE) of 36.60% indicates efficient utilization of shareholder funds and strong profitability.
- Low Price-to-Earnings (P/E) ratio of 6.04 suggests the IPO is attractively priced compared to earnings, potentially offering value to investors.
- Operates in the growing financial services sector, benefiting from increasing investor participation in capital markets.
- Established trading platform and brokerage services catering to a diverse client base.
- SME segment listing potentially offers higher growth opportunities compared to larger, more established players.
Risk Factors
- •SME IPOs are generally more volatile and carry higher risk compared to mainboard IPOs.
- •Dependence on market conditions; downturns in the market can significantly impact brokerage income and profitability.
- •Competition from larger, well-established brokerage firms with greater resources and wider service offerings.
Valuation Analysis
The IPO appears attractively priced based on the low P/E ratio, suggesting potential upside. However, investors should carefully consider the risks associated with SME IPOs and market volatility before investing.
IPO Details
ExchangeBSE
SegmentSME
ISININE0CFH01028
Face Value₹5
Lot Size1600
Issue Size₹88.82 Cr
Key Metrics
ROE36.60%
ROCE29.48%
P/E Ratio6.04
Industry P/E20
EPS14.23
PAT Margin40.94%
Debt/Equity0.35
Growth & Quality
ProfitableYes ✓
Subscription
Total8.47x
Documents
RHP not available
Key Dates
Open Date15 Jan 2025
Close Date17 Jan 2025
Listing22 Jan 2025