New Delhi, Sept. 19 -- The IPO of Ivalue Infosolutions continued to witness muted investor demand on its second day of bidding. Opened for subscription on September 18, the issue was subscribed just 0.89 times by the end of the second day, according to exchange data.

The IPO received bids for 1.16 crore shares against an offer of 1.31 crore shares, resulting in a subscription of 0.89 times. Demand from Non-Institutional Investors (NIIs) was weak, with their portion subscribed only 0.55 times, while the retail portion was booked 0.85 times. The Qualified Institutional Buyers (QIB) segment, however, was oversubscribed by 1.22 times.

The company aims to raise Rs.560.29 crore through the IPO, which is entirely an offer for sale of 1.87 cror...