India, July 23 -- Workspace solution provider IndiQube's IPO got off to a decent start, with the issue subscribed 23% till 11:15 AM on the first day of bidding.

According to the BSE data, the IPO received bids for 3.8 Lakh shares as against 1.71 Cr shares on offer.

The portion reserved for employees was oversubscribed 1.12X, with 82,871 bids against 73,891 on offer.

Following this, the retail individual investors' (RIIs) portion also saw complete subscription at 102%. RIIs made bids for 3.1 Lakh shares as against 3.1 Lakh shares reserved for them.

The non-institutional investors (NIIs) and qualified institutional buyers (QIBs) showed a tepid response during the early hours of the first day.

NIIs placed bids for 8.9 Lakh shares compar...