India, July 24 -- After closing the first day of its IPO with an overall subscription of 87%, workspace solutions provider IndiQube's public issue was oversubscribed 1.37X by 12:05 PM on the second day, driven largely by strong demand from retail individual investors (RIIs).

The portion reserved for RIIs was oversubscribed 4.9X, with 1.53 Cr bids against 31 Lakh on offer.

Following this, the portion reserved for employees also saw an oversubscription of 3.5X. Employees made bids for 2.6 Lakh shares as against 73.8K shares reserved for them.

The non-institutional investors (NIIs) also made a complete subscription at 116%. NIIs placed bids for 54 Lakh shares compared to 46.5 Lakh shares reserved for them.

The QIBs opted for 23.8 Lakh bi...