India, Aug. 12 -- After ending the first day of its IPO with an overall subscription of 39%, driven primarily by qualified institutional buyers (QIBs) and retail investors, omnichannel jewellery brand BlueStone saw a lukewarm start on Day 2 of bidding.

As of 11:20 AM, the issue was subscribed 43% on the second day, as per BSE data.

The IPO received bids for 70 Lakh shares against 1.65 Cr shares on offer.

In the early hours of Day 2, retail investors showed some momentum, clocking a subscription rate similar to the QIB portion.

The retail category was subscribed 55%, with bids for 16.94 Lakh shares against the 30.6 Lakh shares on offer. Meanwhile, the QIB category, which had already reached 57% subscription by Day 1's close, saw no add...