Rikhav Securities IPO subscribed over 18 times so far on Day 2. Check GMP, key dates, subscription, price band

Rikhav Securities SME IPO, which opened for subscription on Wednesday, was subscribed 18.3 times by Thursday afternoon. The retail portion saw 32.6 times subscription, while the non-institutional and qualified institutional investors' categories were subscribed 11.2 and 36% respectively. The company aims to raise Rs 88.82 crore through equity issuance and OFS, with listing scheduled for January 22 on BSE SME.