India, Jan. 14 -- Update | January 14, 18:30 IST

Media SaaS major Amagi's IPO saw a slight pickup in demand on the second day of bidding, though overall investor interest remained subdued. The public issue was subscribed 13% at the end of the day, getting bids for 35.11 Lakh shares against 2.72 Cr shares on offer.

Retail individual investors (RIIs) continued to show the highest interest, bidding for 24.84 Lakh shares against 50.73 Lakh shares reserved for the category. This translated to a 49% subscription of the retail quota.

Non-institutional investors (NIIs) placed bids for 6.04 Lakh shares against 76.10 Lakh shares earmarked for them, leading to an 8% subscription. Within the category, demand was largely driven by individual invest...