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.

What is the estimated listing price for Rikhav Securities Limited IPO?

Based on the upper price band of ₹86 and current GMP of ₹88, the estimated listing price is ₹174 (approx. 102.3% gain).

What is the expected profit per lot for Rikhav Securities Limited IPO?

With a lot size of 1600 shares and current GMP of ₹88, expected profit per retail application lot is approximately ₹1,40,800.

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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

Live Grey Market Premium

Rikhav Securities Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹88+102.3%

Issue Price (Upper)

₹86

Band: ₹82 – ₹86

Estimated Listing Price

₹174

Upper price + GMP

Lot Size

1600 shares

Min investment ₹1,37,600

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹88	102.3%	₹174
30 Oct 2026	+₹88	102.3%	₹174
29 Oct 2026	+₹79	92.1%	₹165

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Rikhav Securities Limited IPO GMP today?

The latest grey market premium for Rikhav Securities Limited IPO is ₹88, which indicates an expected listing price of ₹174.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.