India, May 9 -- B2B travel portal Travel Boutique Online or TBO Tek's public issue was oversubscribed 4.15X on the second day on Thursday (May 9) on the back of strong interest from non-institutional and retail investors.

As per the BSE data, the initial public offering (IPO) received bids for 3.85 Cr shares as against 92.85 Lakh shares on offer.

Leading the pack were retail individual investors (RIIs), who placed bids for 1.68 Cr shares as against 16.82 Lakh shares on offer. As a result, the RII quota was subscribed 10.01X on Day 2.

On similar lines, the non-institutional investor (NII) portion was oversubscribed 8.19X as it received bids for 2.06 Cr shares versus 25.23 Lakh shares on offer. The portion reserved for employees saw TBO ...