Rikhav Securities Ltd Share Price – BSE

Finance, Small Cap

According to an exchange filing, Hemant Hasmukh Shah has resigned from his position as CFO due to personal reasons.

Meanwhile, the company’s board has appointed Rajendra Navalchand Shah as the new CFO, effective from 25 February 2025.

Rajendra Navalchand Shah has been associated with the company since April 14, 2006, and has made a valuable contribution to the company’s growth and success as a member of the Management Committee (MANCOM). The director has vast experience and knowledge in the fields of securities and the capital market. He brings nearly 22 years of experience and a strong understanding of the capital markets and economy.

Rikhav Securities (RSL) is a full-service financial services firm offering a comprehensive suite of services including equity broking, investment advisory, and trading across various segments like cash, derivatives, and commodities. They cater to diverse investor needs with services like intra-day trading, futures and options trading, IPO participation, demat account management, and mutual fund distribution. As a clearing member of both ICCL and NCL, RSL ensures efficient trade settlements. The company also actively participates in market-making for newly listed securities and engages in proprietary investments. As of 30 September 2024, the company had around 394 employees on payroll basis.

On full-year basis, the company’s net profit surged 123.3% to Rs 42.65 crore on 104.2% jump in total income of Rs 111.34 crore in FY25 over FY24.

Rikhav Securities listed on the bourses on 22 January 2025. The scrip was listed at Rs 163.40, exhibiting a premium of 90% to the issue price.

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The scrip was listed at 163.40, at a premium of 90% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 171.57 and a low of Rs 163.40. About 26.51 lakh shares of the company changed hands at the counter.

Rikhav Securities' IPO was subscribed 285.33 times. The issue opened for bidding on 15 January 2025 and it closed on 17 January 2025. The price band of the IPO was set at Rs 82 to Rs 86 per share.

The issue size comprised fresh issue of 54,08,000 and offer for sale (OFS) of 20,00,000 shares by existing promoters. The promoter and promoter group shareholding diluted to 65.63% from 90.55% pre-issue.

The company intends to utilize the net proceeds to meet funding the incremental working capital requirement, funding of capital expenditure requirements of the company towards purchase of IT software, computers and laptops and general corporate purpose.

Ahead of the Rikhav Securities on 14 January 2024, raised Rs 25.11 crore from anchor investors. The board allotted 29.20 lakh shares at Rs 86 per share to 15 anchor investors.

Rikhav Securities (RSL) is a full-service financial services firm offering a comprehensive suite of services including equity broking, investment advisory, and trading across various segments like cash, derivatives, and commodities. They cater to diverse investor needs with services like intra-day trading, futures and options trading, IPO participation, demat account management, and mutual fund distribution. As a clearing member of both ICCL and NCL, RSL ensures efficient trade settlements. The company also actively participates in market-making for newly listed securities and engages in proprietary investments. As of 30 September 2024, the company had around 394 employees on payroll basis.

The company recorded revenue from operations of Rs 92.85 crore and net profit of Rs 50.37 crore for the period as of 30 September 2024.

Powered by Capital Market - Live News

The initial public offer (IPO) of Rikhav Securities received bids for 2,11,37,16,800 shares as against 74,08,000 shares on offer. The issue was subscribed 285.33 times.

Retail investors bid for 86,66,76,800 shares, non-institutional investors bid for 91,28,56,000 shares, qualified institutional investors bid for 33,41,84,000 shares.

The issue opened for bidding on 15 January 2025 and it closed on 17 January 2025. The price band of the IPO was set at Rs 82 to Rs 86 per share. The equity shares will list on BSE's SME platform.

The issue size comprised fresh issue of 54,08,000 and offer for sale (OFS) of 20,00,000 shares by existing promoters. The promoter and promoter group shareholding diluted to 65.63% from 90.55% pre-issue.

The company intends to utilize the net proceeds to meet funding the incremental working capital requirement, funding of capital expenditure requirements of the company towards purchase of IT software, computers and laptops and general corporate purpose.

Ahead of the Rikhav Securities on 14 January 2024, raised Rs 25.11 crore from anchor investors. The board allotted 29.20 lakh shares at Rs 86 per share to 15 anchor investors.

Rikhav Securities (RSL) is a full-service financial services firm offering a comprehensive suite of services including equity broking, investment advisory, and trading across various segments like cash, derivatives, and commodities. They cater to diverse investor needs with services like intra-day trading, futures and options trading, IPO participation, demat account management, and mutual fund distribution. As a clearing member of both ICCL and NCL, RSL ensures efficient trade settlements. The company also actively participates in market-making for newly listed securities and engages in proprietary investments. As of 30 September 2024, the company had around 394 employees on payroll basis.

The company recorded revenue from operations of Rs 92.85 crore and net profit of Rs 50.37 crore for the period as of 30 September 2024.

Powered by Capital Market - Live News

According to an exchange filing, Hemant Hasmukh Shah has resigned from his position as CFO due to personal reasons.

Meanwhile, the company’s board has appointed Rajendra Navalchand Shah as the new CFO, effective from 25 February 2025.

Rajendra Navalchand Shah has been associated with the company since April 14, 2006, and has made a valuable contribution to the company’s growth and success as a member of the Management Committee (MANCOM). The director has vast experience and knowledge in the fields of securities and the capital market. He brings nearly 22 years of experience and a strong understanding of the capital markets and economy.

Rikhav Securities (RSL) is a full-service financial services firm offering a comprehensive suite of services including equity broking, investment advisory, and trading across various segments like cash, derivatives, and commodities. They cater to diverse investor needs with services like intra-day trading, futures and options trading, IPO participation, demat account management, and mutual fund distribution. As a clearing member of both ICCL and NCL, RSL ensures efficient trade settlements. The company also actively participates in market-making for newly listed securities and engages in proprietary investments. As of 30 September 2024, the company had around 394 employees on payroll basis.

On full-year basis, the company’s net profit surged 123.3% to Rs 42.65 crore on 104.2% jump in total income of Rs 111.34 crore in FY25 over FY24.

Rikhav Securities listed on the bourses on 22 January 2025. The scrip was listed at Rs 163.40, exhibiting a premium of 90% to the issue price.

Powered by Capital Market - Live News

The scrip was listed at 163.40, at a premium of 90% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 171.57 and a low of Rs 163.40. About 26.51 lakh shares of the company changed hands at the counter.

Rikhav Securities' IPO was subscribed 285.33 times. The issue opened for bidding on 15 January 2025 and it closed on 17 January 2025. The price band of the IPO was set at Rs 82 to Rs 86 per share.

The issue size comprised fresh issue of 54,08,000 and offer for sale (OFS) of 20,00,000 shares by existing promoters. The promoter and promoter group shareholding diluted to 65.63% from 90.55% pre-issue.

The company intends to utilize the net proceeds to meet funding the incremental working capital requirement, funding of capital expenditure requirements of the company towards purchase of IT software, computers and laptops and general corporate purpose.

Ahead of the Rikhav Securities on 14 January 2024, raised Rs 25.11 crore from anchor investors. The board allotted 29.20 lakh shares at Rs 86 per share to 15 anchor investors.

Rikhav Securities (RSL) is a full-service financial services firm offering a comprehensive suite of services including equity broking, investment advisory, and trading across various segments like cash, derivatives, and commodities. They cater to diverse investor needs with services like intra-day trading, futures and options trading, IPO participation, demat account management, and mutual fund distribution. As a clearing member of both ICCL and NCL, RSL ensures efficient trade settlements. The company also actively participates in market-making for newly listed securities and engages in proprietary investments. As of 30 September 2024, the company had around 394 employees on payroll basis.

The company recorded revenue from operations of Rs 92.85 crore and net profit of Rs 50.37 crore for the period as of 30 September 2024.

Powered by Capital Market - Live News

The initial public offer (IPO) of Rikhav Securities received bids for 2,11,37,16,800 shares as against 74,08,000 shares on offer. The issue was subscribed 285.33 times.

Retail investors bid for 86,66,76,800 shares, non-institutional investors bid for 91,28,56,000 shares, qualified institutional investors bid for 33,41,84,000 shares.

The issue opened for bidding on 15 January 2025 and it closed on 17 January 2025. The price band of the IPO was set at Rs 82 to Rs 86 per share. The equity shares will list on BSE's SME platform.

The issue size comprised fresh issue of 54,08,000 and offer for sale (OFS) of 20,00,000 shares by existing promoters. The promoter and promoter group shareholding diluted to 65.63% from 90.55% pre-issue.

The company intends to utilize the net proceeds to meet funding the incremental working capital requirement, funding of capital expenditure requirements of the company towards purchase of IT software, computers and laptops and general corporate purpose.

Ahead of the Rikhav Securities on 14 January 2024, raised Rs 25.11 crore from anchor investors. The board allotted 29.20 lakh shares at Rs 86 per share to 15 anchor investors.

Rikhav Securities (RSL) is a full-service financial services firm offering a comprehensive suite of services including equity broking, investment advisory, and trading across various segments like cash, derivatives, and commodities. They cater to diverse investor needs with services like intra-day trading, futures and options trading, IPO participation, demat account management, and mutual fund distribution. As a clearing member of both ICCL and NCL, RSL ensures efficient trade settlements. The company also actively participates in market-making for newly listed securities and engages in proprietary investments. As of 30 September 2024, the company had around 394 employees on payroll basis.

The company recorded revenue from operations of Rs 92.85 crore and net profit of Rs 50.37 crore for the period as of 30 September 2024.

Powered by Capital Market - Live News

According to an exchange filing, Hemant Hasmukh Shah has resigned from his position as CFO due to personal reasons.

Meanwhile, the company’s board has appointed Rajendra Navalchand Shah as the new CFO, effective from 25 February 2025.

Rajendra Navalchand Shah has been associated with the company since April 14, 2006, and has made a valuable contribution to the company’s growth and success as a member of the Management Committee (MANCOM). The director has vast experience and knowledge in the fields of securities and the capital market. He brings nearly 22 years of experience and a strong understanding of the capital markets and economy.

Rikhav Securities (RSL) is a full-service financial services firm offering a comprehensive suite of services including equity broking, investment advisory, and trading across various segments like cash, derivatives, and commodities. They cater to diverse investor needs with services like intra-day trading, futures and options trading, IPO participation, demat account management, and mutual fund distribution. As a clearing member of both ICCL and NCL, RSL ensures efficient trade settlements. The company also actively participates in market-making for newly listed securities and engages in proprietary investments. As of 30 September 2024, the company had around 394 employees on payroll basis.

On full-year basis, the company’s net profit surged 123.3% to Rs 42.65 crore on 104.2% jump in total income of Rs 111.34 crore in FY25 over FY24.

Rikhav Securities listed on the bourses on 22 January 2025. The scrip was listed at Rs 163.40, exhibiting a premium of 90% to the issue price.

Powered by Capital Market - Live News

The scrip was listed at 163.40, at a premium of 90% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 171.57 and a low of Rs 163.40. About 26.51 lakh shares of the company changed hands at the counter.

Rikhav Securities' IPO was subscribed 285.33 times. The issue opened for bidding on 15 January 2025 and it closed on 17 January 2025. The price band of the IPO was set at Rs 82 to Rs 86 per share.

The issue size comprised fresh issue of 54,08,000 and offer for sale (OFS) of 20,00,000 shares by existing promoters. The promoter and promoter group shareholding diluted to 65.63% from 90.55% pre-issue.

The company intends to utilize the net proceeds to meet funding the incremental working capital requirement, funding of capital expenditure requirements of the company towards purchase of IT software, computers and laptops and general corporate purpose.

Ahead of the Rikhav Securities on 14 January 2024, raised Rs 25.11 crore from anchor investors. The board allotted 29.20 lakh shares at Rs 86 per share to 15 anchor investors.

Rikhav Securities (RSL) is a full-service financial services firm offering a comprehensive suite of services including equity broking, investment advisory, and trading across various segments like cash, derivatives, and commodities. They cater to diverse investor needs with services like intra-day trading, futures and options trading, IPO participation, demat account management, and mutual fund distribution. As a clearing member of both ICCL and NCL, RSL ensures efficient trade settlements. The company also actively participates in market-making for newly listed securities and engages in proprietary investments. As of 30 September 2024, the company had around 394 employees on payroll basis.

The company recorded revenue from operations of Rs 92.85 crore and net profit of Rs 50.37 crore for the period as of 30 September 2024.

Powered by Capital Market - Live News

The initial public offer (IPO) of Rikhav Securities received bids for 2,11,37,16,800 shares as against 74,08,000 shares on offer. The issue was subscribed 285.33 times.

Retail investors bid for 86,66,76,800 shares, non-institutional investors bid for 91,28,56,000 shares, qualified institutional investors bid for 33,41,84,000 shares.

The issue opened for bidding on 15 January 2025 and it closed on 17 January 2025. The price band of the IPO was set at Rs 82 to Rs 86 per share. The equity shares will list on BSE's SME platform.

The issue size comprised fresh issue of 54,08,000 and offer for sale (OFS) of 20,00,000 shares by existing promoters. The promoter and promoter group shareholding diluted to 65.63% from 90.55% pre-issue.

The company intends to utilize the net proceeds to meet funding the incremental working capital requirement, funding of capital expenditure requirements of the company towards purchase of IT software, computers and laptops and general corporate purpose.

Ahead of the Rikhav Securities on 14 January 2024, raised Rs 25.11 crore from anchor investors. The board allotted 29.20 lakh shares at Rs 86 per share to 15 anchor investors.

Rikhav Securities (RSL) is a full-service financial services firm offering a comprehensive suite of services including equity broking, investment advisory, and trading across various segments like cash, derivatives, and commodities. They cater to diverse investor needs with services like intra-day trading, futures and options trading, IPO participation, demat account management, and mutual fund distribution. As a clearing member of both ICCL and NCL, RSL ensures efficient trade settlements. The company also actively participates in market-making for newly listed securities and engages in proprietary investments. As of 30 September 2024, the company had around 394 employees on payroll basis.

The company recorded revenue from operations of Rs 92.85 crore and net profit of Rs 50.37 crore for the period as of 30 September 2024.

Powered by Capital Market - Live News

According to an exchange filing, Hemant Hasmukh Shah has resigned from his position as CFO due to personal reasons.

Meanwhile, the company’s board has appointed Rajendra Navalchand Shah as the new CFO, effective from 25 February 2025.

Rajendra Navalchand Shah has been associated with the company since April 14, 2006, and has made a valuable contribution to the company’s growth and success as a member of the Management Committee (MANCOM). The director has vast experience and knowledge in the fields of securities and the capital market. He brings nearly 22 years of experience and a strong understanding of the capital markets and economy.

Rikhav Securities (RSL) is a full-service financial services firm offering a comprehensive suite of services including equity broking, investment advisory, and trading across various segments like cash, derivatives, and commodities. They cater to diverse investor needs with services like intra-day trading, futures and options trading, IPO participation, demat account management, and mutual fund distribution. As a clearing member of both ICCL and NCL, RSL ensures efficient trade settlements. The company also actively participates in market-making for newly listed securities and engages in proprietary investments. As of 30 September 2024, the company had around 394 employees on payroll basis.

On full-year basis, the company’s net profit surged 123.3% to Rs 42.65 crore on 104.2% jump in total income of Rs 111.34 crore in FY25 over FY24.

Rikhav Securities listed on the bourses on 22 January 2025. The scrip was listed at Rs 163.40, exhibiting a premium of 90% to the issue price.

Powered by Capital Market - Live News

The scrip was listed at 163.40, at a premium of 90% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 171.57 and a low of Rs 163.40. About 26.51 lakh shares of the company changed hands at the counter.

Rikhav Securities' IPO was subscribed 285.33 times. The issue opened for bidding on 15 January 2025 and it closed on 17 January 2025. The price band of the IPO was set at Rs 82 to Rs 86 per share.

The issue size comprised fresh issue of 54,08,000 and offer for sale (OFS) of 20,00,000 shares by existing promoters. The promoter and promoter group shareholding diluted to 65.63% from 90.55% pre-issue.

The company intends to utilize the net proceeds to meet funding the incremental working capital requirement, funding of capital expenditure requirements of the company towards purchase of IT software, computers and laptops and general corporate purpose.

Ahead of the Rikhav Securities on 14 January 2024, raised Rs 25.11 crore from anchor investors. The board allotted 29.20 lakh shares at Rs 86 per share to 15 anchor investors.

Rikhav Securities (RSL) is a full-service financial services firm offering a comprehensive suite of services including equity broking, investment advisory, and trading across various segments like cash, derivatives, and commodities. They cater to diverse investor needs with services like intra-day trading, futures and options trading, IPO participation, demat account management, and mutual fund distribution. As a clearing member of both ICCL and NCL, RSL ensures efficient trade settlements. The company also actively participates in market-making for newly listed securities and engages in proprietary investments. As of 30 September 2024, the company had around 394 employees on payroll basis.

The company recorded revenue from operations of Rs 92.85 crore and net profit of Rs 50.37 crore for the period as of 30 September 2024.

Powered by Capital Market - Live News

The initial public offer (IPO) of Rikhav Securities received bids for 2,11,37,16,800 shares as against 74,08,000 shares on offer. The issue was subscribed 285.33 times.

Retail investors bid for 86,66,76,800 shares, non-institutional investors bid for 91,28,56,000 shares, qualified institutional investors bid for 33,41,84,000 shares.

The issue opened for bidding on 15 January 2025 and it closed on 17 January 2025. The price band of the IPO was set at Rs 82 to Rs 86 per share. The equity shares will list on BSE's SME platform.

The issue size comprised fresh issue of 54,08,000 and offer for sale (OFS) of 20,00,000 shares by existing promoters. The promoter and promoter group shareholding diluted to 65.63% from 90.55% pre-issue.

The company intends to utilize the net proceeds to meet funding the incremental working capital requirement, funding of capital expenditure requirements of the company towards purchase of IT software, computers and laptops and general corporate purpose.

Ahead of the Rikhav Securities on 14 January 2024, raised Rs 25.11 crore from anchor investors. The board allotted 29.20 lakh shares at Rs 86 per share to 15 anchor investors.

Rikhav Securities (RSL) is a full-service financial services firm offering a comprehensive suite of services including equity broking, investment advisory, and trading across various segments like cash, derivatives, and commodities. They cater to diverse investor needs with services like intra-day trading, futures and options trading, IPO participation, demat account management, and mutual fund distribution. As a clearing member of both ICCL and NCL, RSL ensures efficient trade settlements. The company also actively participates in market-making for newly listed securities and engages in proprietary investments. As of 30 September 2024, the company had around 394 employees on payroll basis.

The company recorded revenue from operations of Rs 92.85 crore and net profit of Rs 50.37 crore for the period as of 30 September 2024.

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