Rikhav Securities Ltd.
BBSE:RIKHAV52.79
INR
-0.14
(-0.26%)
Rikhav Securities Ltd.
BSE:RIKHAV
(Bombay Stock Exchange)
Recent
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52.79
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- Rikhav Securities Limited is an India-based financial services and brokerage firm that provides equity broking, derivatives trading, market making, and allied capital market solutions. Founded in 1995 as Brijmohan Sagarmal Finance Limited and renamed Rikhav Securities Limited in 2006, the company is headquartered in Mumbai, Maharashtra, India. Rikhav Securities operates across major Indian exchanges, holding active trading and clearing memberships with the Bombay Stock Exchange (BSE), the National Stock Exchange of India (NSE), and the Multi Commodity Exchange of India (MCX). The company caters to retail investors, high-net-worth individuals (HNIs), corporate entities, and institutional clients across India through a multi-channel distribution network and digital infrastructure. Its core product and service portfolio comprises equity broking across cash, delivery, and intraday segments; derivative trading spanning equity futures, options, and currency derivatives; commodity broking services; depository participant services for dematerialized account administration; mutual fund distribution and initial public offering (IPO) subscription facilitation; margin trading facilities (MTF); algorithmic and proprietary trading in equities, derivatives, and currencies for arbitrage and spread capture; and self-clearing operations through the Indian Clearing Corporation Limited (ICCL) and NSE Clearing Limited (NCL). Additionally, the company acts as a specialized market maker, providing continuous two-way bid-ask quotes to ensure liquidity and market depth for equity scrips, with a focus on companies listed on the BSE and NSE SME platforms. Digital execution is supported by its proprietary Rikhav Plus mobile trading application, integrated web portal, and paperless e-KYC client onboarding infrastructure. In recent developments, Rikhav Securities Limited completed its initial public offering (IPO) in January 2025, raising approximately INR 88.82 crore through the issuance of 10.328 million equity shares and subsequently listing on the BSE SME platform under the scrip code 544340. The capital raised was allocated to support working capital expansion and upgrade core information technology infrastructure, including the acquisition of advanced trading software, server capabilities, and hardware systems. In 2026, the company underwent a major shareholding event via a promoter group open offer by the Lakhani family to acquire up to a 26% additional voting stake, consolidating promoter control and signaling strategic commitment to long-term digital expansion and market-making scale. Operationally, the firm has continued to expand its market-making mandates on SME exchanges and modernized its digital trading ecosystem through regular feature enhancements to the Rikhav Plus platform.