India, June 19 -- After ending the first day of its IPO with an overall subscription of 24%, driven primarily by retail investor enthusiasm, the second day of B2B ecommerce company ArisInfra Solutions' bidding got off to a healthy start.

As of 2:21 PM, the issue was subscribed to 84% on the second day.

According to BSE data, the IPO received bids for 1.1 Cr shares against 1.3 Cr shares on offer.

The retail investor portion saw an overwhelming response, with 2.4X subscription. It received bids for 57.16 Lakh shares as against 23.79 Lakh shares on offer.

Following retail investors, non-institutional investors (NIIs) showed strong interest, bidding for 31.72 Lakh shares against 36.68 Lakh shares reserved for them, an 88% subscription.

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