| Initial public offer of upto 1,03,28,000 equity shares of face value of
Rs. 5/- each (the "Equity Shares") of Rikhav Securities Limited ("the company" or "Rikhav" or "the Offeror") at an offer price of Rs. 86.00 per equity share for cash, aggregating up to Rs. 88.82 crores comprising of fresh offer of up to 83,28,000 equity shares aggregating to Rs. 71.62 crores ("Fresh Offer") and an offer for sale of up to 20,00,000 equity shares by Ashapura Trading, Giriraj Trading, Nirmalaben Fatechand Sanghavi, Daksha Sharad Maniyar, Jayesh Mulchand Maniyar, Mukesh Jayantilal Sanghavi, Virali Girish Maniyar, Yash Jayesh Maniyar, Naity Sharad Maniyar, Sharad Mulchand Maniyar, Bharti Mukesh Sanghavi, Bhaven Vinod Pandya, Ketanbhai Arvindray Shah, Kishore Paramdas Vora, Nisarg Pradip Shah, Nita Chandrakant Lakhani and Aneri Mahesh Lakhani ("Selling Shareholders") aggregating to Rs. 17.20 crores ("Offer for Sale") ("Public Offer"). The offer includes a reservation of 5,24,800 equity shares of face value of Rs. 5/- each, at an offer price of Rs. 86/- per equity share for cash, aggregating Rs. 4.51 crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. net offer of 98,03,200 equity shares of face value of Rs. 5/- each, at an offer price of Rs. 86/- per equity share for cash, aggregating upto Rs. 84.31 crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 26.97 % and 25.60 % respectively of the post-offer paid-up equity share capital of the company.
The face value of equity shares is Rs. 5 each. The offer price is 17.2 times of the face value of the equity shares. |