By upnifty 
About Rikhav Securities IPO
Rikhav Securities Limited is a prominent player in the Indian financial services sector, specializing in market making, broking, and proprietary investments. Established in 2012 as a registered Market Maker with the Bombay Stock Exchange (BSE) and later with the National Stock Exchange (NSE) in 2016, the company has accumulated over a decade of experience in providing liquidity and enhancing market efficiency, particularly in the SME segment. Its market-making activities support newly listed companies by facilitating the buying and selling of their securities, contributing to smoother price discovery and increased trading volumes. Rikhav’s revenue model includes fixed fees from corporates, as well as earnings from spreads and secondary market transactions.
In addition to its market-making operations, Rikhav Securities is actively involved in proprietary investments across various securities, including equities, derivatives, and currencies, with a focus on arbitrage opportunities. The company also offers broking services through a digital platform and a network of Authorized Persons (APs) spread across multiple segments of the Indian stock exchanges. With over two decades of experience in the industry, Rikhav is committed to providing tailored Private Client Broking services, serving a diverse clientele that includes institutional investors, high-net-worth individuals, and retail clients. The firm integrates advanced technology and industry expertise to deliver personalized wealth solutions and a seamless trading experience.
Rikhav Securities continues to adapt to the evolving financial landscape by embracing digitalization and enhancing its technological platforms. The company launched its mobile application for broking services in 2024 and has implemented fully electronic KYC authentication since 2020. These innovations enable clients to access a comprehensive suite of financial services, from trading to wealth management, through an integrated and user-friendly interface. This commitment to digital transformation positions Rikhav Securities to capitalize on the growth of the Indian financial market and the increasing reliance on online trading and investment platforms.
The company’s growth and success are largely attributed to its experienced management team, led by its founders, Mr. Hitesh Himatlal Lakhani and Mr. Rajendra N Shah, who each bring over 15 years of expertise in the broking industry. Their visionary leadership, coupled with the strategic direction provided by the management team, has been key to Rikhav’s ability to expand its operations, enhance client relationships, and adapt to market changes. The company’s focus on client-centric services, advanced technology, and efficient operations ensures its position as a leading player in the Indian financial services industry.
Rikhav Securities Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives:
- Funding our incremental working capital requirements.
- Funding of capital expenditure requirements of the Company towards purchase of IT Software, Computers and Laptops.
- General corporate purposes.