India, July 11 -- After ending the first day of its IPO with an overall subscription of 50%, driven primarily by the enthusiasm of non-institutional investors (NIIs), the second day of Smartworks' bidding got off to a good start with 72% subscription at 12:03 PM.

According to BSE data, the IPO received total bids for 72.95 Lakh shares against 1.04 Cr shares on offer.

The portion reserved for NIIs saw an overwhelming response, with 1.3X subscription. It received bids for 30.04 Lakh shares as against 22.17 Lakh shares on offer.

Following NIIs, retail investors showed strong interest, bidding for 44.27 Lakh shares against 51.73 Lakh shares reserved for them, an 86% subscription.

Trailing behind this was the employee portion, which got su...