Rikhav Securities IPO Subscribed 307x on Day 3

Rikhav Securities IPO Subscribed over 307x on its last day of subscription wherein QIB subscribed 170.92x, NII subscribed 616.42x, and RII subscribed 251.36x.
Rikhav Securities IPO

Rikhav Securities IPO subscription started on Wednesday, January 15th, 2025, and will close on January 17th, 2025, as per the schedule. The price band is set at ₹82 to ₹86 per share with a face value of ₹5.

Rikhav Securities IPO Subscription Status

Rikhav Securities IPO Subscribed over 307x on its last day till 5.00 PM on 17th January 2025.

  • Rikhav Securities IPO subscription QIB investors portion is 170.92 times, while NII subscribed 616.42 times and RII investors subscribed 251.36 times. 
  • The company has received bids for 2,11,31,71,200 shares against 68,83,200 shares on offer on the last day of subscription. 
  • Rikhav Securities IPO subscribed over 36.12x on its second day. 
  • Rikhav Securities IPO Subscribed over 8.47x on its First day.

About Rikhav Securities Company

Rikhav Securities was founded in 1995 and is known for financial services like equity broking, investing, and trading. Also, it is registered with SEBI as a stockbroker and is a member of the BSE, NSE, and MCX. Their financial services are famous for equity broking, cash delivery,intra-day trading as well as futures and options trading. They work with both regular and high-net-worth clients, providing services in derivatives and commodities. This firm has helped a total of 66 companies to be listed on SME platforms with market-making. Their services and broking are available online and through digital platforms. Further, Rikhav Securities had approximately 394 personnel on its payroll. Financially, its revenue for 2024 is 104.16 crores which was higher than the last two years.

Rikhav Securities  Financial Report

The company reported revenue of ₹111.34 crores in 2024 against ₹54.52 crore in 2023. The company reported profit of ₹42.65 crores in 2024 against Profit of ₹19.10 crores in 2023.

Rikhav Securities IPO GMP:

Rikhav Securities IPO GMP was ₹77 as of Friday, January 17th. That indicates the IPO is trading at ₹163 with ₹77 premium in the grey market against the issue price of ₹86. 

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