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About Rikhav Securities Ltd Rikhav Securities Limited, established in 1995 and based in Maharashtra, operates in equity broking, investing, and trading activities. Initially incorporated as 'Brijmohan Sagarmal Finance Limited,' the company adopted its current name in 2006. Its business spans equity broking services such as cash delivery, intraday trading, and dealing in futures, options, and commodities. It is a Self-Clearing Member of Indian Clearing Corporation Limited (ICCL) and NSE Clearing Limited (NCL), ensuring efficient trade settlements and offering services such as IPO participation and demat account management. The company also acts as a mutual fund advisor and distributor, guiding clients on their wealth and investment strategies.
As a key player in market-making, Rikhav Securities provides liquidity to recently listed securities, enabling smooth transactions and enhancing market efficiency. It became involved in market-making for SME securities in 2012 and obtained registration with the NSE for proprietary investments in 2016. The firm invests in securities, derivatives, and currencies with adequate liquidity while supporting trading through partnerships with Authorized Persons (APs) aligned with SEBI and stock exchange regulations. It is a registered SEBI stockbroker and holds memberships with BSE, NSE, and MCX, making it a comprehensive participant in India's financial ecosystem.
The company also distributes a variety of financial instruments and wealth solutions, serving a diverse clientele. Its market-making business targets liquidity provision through two-way quotes during trading hours, particularly in the SME segment.
Rikhav Securities is preparing for an initial public offering (IPO), which includes a fresh issue of 83,28,000 equity shares and 20,00,000 shares through an offer for sale, aggregating up to 1,03,28,000 equity shares. This IPO marks its efforts to expand and further establish itself in the financial services sector.