India, July 24 -- Update | July 24, 6:30 PM

Workspace solutions provider IndiQube's IPO was subscribed 2.5X on the second day, driven by strong demand from retail individual investors (RIIs).

On Day 2, the IPO received cumulative bids for 4.3 Cr shares against 1.71 Cr shares on offer. The RII portion saw the highest demand, oversubscribed 6.9X, with 2.14 Cr bids against 31 Lakh shares reserved.

Following RIIs, the employees' segment witnessed 4.4X oversubscription, with 3.3 Lakh bids against 73,891 shares on offer.

The non-institutional investors (NIIs) segment was fully subscribed at 184%, receiving bids for 85.5 Lakh shares against 46.56 Lakh reserved.

By the end of Day 2, the qualified institutional buyers (QIBs) category was also...