Mumbai, Sept. 8 -- The Bengaluru-based mid-sized digital IT company Happiest Minds Technologies' initial public offering witnessed a subscription of 8.4 times on the second day of bidding.

The public issue has received bids for 19.53 crore equity shares as against IPO size of 2.3 crore equity shares. Also, excluding the anchor book, the retail portion was subscribed 38.85 times. The portion reserved for non-institutional investors got subscribed 3.96 times, while that for qualified institutional was subscribed 47%, according to the data available on the exchanges.

The Rs.702-crore initial public offering will close on Wednesday and consists of a fresh issue of Rs.110 crore and an offer for sale of 3.56 crore equity shares. The issue pri...