Rikhav Securities Limited to Launch IPO on BSE SME Platform, Raising Up to Rs. 88.82 Crores in January 2025.

Rikhav Securities Limited, a financial services company in India, is launching its Initial Public Offering (IPO) from January 15 to January 17, 2025, aiming to raise up to Rs. 88.82 crores. The IPO consists of 1,03,28,000 equity shares with a price band of Rs. 82 to Rs. 86 per share and will be listed on the BSE SME platform. The proceeds will fund working capital, capital expenditures, and general corporate purposes. The company, established in 1995, offers brokerage, investing, and banking services, and is registered with SEBI. Financially, the company has shown significant growth in revenue and profit over recent years.