ListedSMEFinance - Stock BrokingRIKHAV

Rikhav Securities IPO

Rikhav Securities IPO is an SME IPO raising ₹88 Cr at ₹82 – ₹86 a share. It listed on 22 Jan 2025 at ₹163, +90.0% against its issue price of ₹86, and trades at ₹48 today (−44.2% since issue). It was subscribed 295× in total.

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₹86

Issue price

₹48

Price now

−44.2%

Since issue price

22 Jan 2025

Listed on

295×Subscribed (final) · all exchanges

294.7 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹82 – ₹86

Cut-off price₹86

Issue size₹88 Cr

Shares per lot1600

Minimum application₹1,37,600

Minimum quantity1600

Face value₹82

Listing exchangesBSE

ISININE0CFH01028

Bidding hours10:00 – 17:00 IST

Bidding window15 Jan 2025 – 17 Jan 2025

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.