Rikhav Securities Announces Open Offer for Up to 26% Stake Following Promoter Group Acquisition

Rikhav Securities Announces Open Offer for Up to 26% Stake Following Promoter Group Acquisition​

Mumbai, April 23, 2026: Rikhav Securities Limited, a prominent diversified stock market services provider, has announced an open offer initiated by its promoter group. The promoter group, comprising Mr. Hitesh Lakhani, Mr. Deep Lakhani, Mrs. Vaishali Shah, and Mrs. Bharti Lakhani, along with persons acting in concert, is offering up to 26% of the Company's voting share capital to the public.

Open Offer Details​

The open offer provides public shareholders with an opportunity to tender shares at a fixed price. Key details of the proposed open offer are as follows:


The promoter group recently acquired approximately 32.51 lakh equity shares, representing 8.48% of the voting share capital, through market purchases. The Company noted that the open offer reflects the promoters' continued confidence in the business fundamentals and long-term growth prospects. The transaction does not result in any change in management or control, and the promoter group continues to remain in control of the Company.

Company Overview and Financial Performance​

Rikhav Securities Limited, incorporated in 1995 and formally launched in 2005, has established a reputation for combining personalized service with competitive pricing across major Indian exchanges. The firm serves a diverse clientele, from High-Net-Worth investors to high-volume traders.

The company’s broking arm offers equity and derivatives trading with a tailor-made approach, providing competitive brokerage rates while ensuring dedicated relationship support. Notably, the firm reports that over 99% of active clients remain on the platform after joining.

In market making, Rikhav specializes in supporting new IPOs by providing essential liquidity and demand generation. Last year alone, the company worked with around 40 to 45 issuers, utilizing its distribution network to secure thousands of high-quality applications for each new issue.

Rikhav's proprietary trading division employs its own capital in strategies such as algorithm-driven arbitrage, delta hedging, and short-term trading. This division uses automated risk-management systems to aim for consistent annual returns in the mid-teens, regardless of market direction. Furthermore, the company has launched a Margin Trading Facility (MTF), extending credit to clients against their holdings.

On the technology front, Rikhav is expanding its IT infrastructure, having launched a paperless KYC and account-opening portal, alongside an online trading app. The firm also plans to introduce an online joint-account opening platform.

Financial Highlights​

The company successfully listed on the BSE SME platform on January 22, 2025, with an Initial Public Offering (IPO) of ₹ 88.82 Crore.

For the fiscal year 2025 (FY25), Rikhav Securities reported the following consolidated figures:


Looking ahead, Rikhav Securities plans to expand its reach beyond Maharashtra and Gujarat, focusing on building a branded online presence and attracting both retail and high-net-worth investors through digital channels and franchise partnerships.

Stock Price Movement​

Rikhav Securities Ltd shares settled at ₹50.83 today, representing an uplift of 0.87% for the day. The stock navigated a wide intraday range, stretching from a low of ₹50.25 up to a high of ₹52.00.