What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Rikhav Securities Limited IPO allotment date?

The basis of allotment for Rikhav Securities Limited IPO is scheduled to be finalized on 20 Jan 2025.

Where can I check Rikhav Securities Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime India Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 21 Jan 2025.

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Grey Market Intelligence

Rikhav Securities Limited

ListedSME

Financial Services · BSE

Incorporated in 1995, Rikhav Securities Limited is a financial services firm offering a wide range of brokerage, investment, and banking solutions in India. Registered with SEBI and a member of BSE, NSE, and MCX, the company provides services such as equity broking, intra-day and F&O trading, commodity trading, IPO participation, and depository services. It also acts as a mutual fund advisor and market maker, ensuring comprehensive investment support for clients. As a Self-Clearing Member of Indian Clearing Corporation and NSE Clearing, Rikhav ensures smooth trade settlements. As of September 30, 2024, it employs around 394 professionals across operations, administration, legal, and accounting.

Price Band

₹82 – ₹86

Issue Size

₹88.82 Cr

Lot Size

1600 shares

GMP

₹88

+102.3%

Est. Listing

₹174

at current GMP

Subscribed

307.08x

overall

Open

15 Jan 2025

17 Jan 2025

Allotment

20 Jan 2025

Refund

21 Jan 2025

Demat Credit

22 Jan 2025

Listing

22 Jan 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Rikhav Securities Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

20 Jan 2025

Basis finalization

Refunds Initiate

21 Jan 2025

Mandate release

Demat Credit

22 Jan 2025

Shares in demat

Listing Debut

22 Jan 2025

Trading begins

About Rikhav Securities Limited Public Issue & Market Profile

Rikhav Securities Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹88.82 Crores. The shares are offered at a price band of ₹82 to ₹86 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2025-01-17, the basis of allotment is scheduled to be finalized on 2025-01-20. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.

Rikhav Securities Limited

Rikhav Securities Limited Allotment Status

How to Check Rikhav Securities Limited IPO Allotment Status

About Rikhav Securities Limited Public Issue & Market Profile

Frequently Asked Questions

What if my name is not showing on the registrar portal?

How will I receive the refund if I don't get allotment?