New Delhi, Sept. 21 -- The initial public offering of the National Stock Exchange of India is set to move towards allotment after the Rs 22,561-crore issue was subscribed 5.69 times by the close of bidding on Monday, with qualified institutional buyers showing the strongest demand among major investor categories.

The IPO received bids for 50.40 crore shares against 8.86 crore shares offered, according to the final subscription data on NSE. The QIB portion was subscribed 12.68 times, with bids for 31.97 crore shares against 2.52 crore shares reserved for the category.

The non-institutional investor segment was subscribed 6.54 times, receiving bids for 12.36 crore shares against 1.89 crore shares on offer.

The retail individual investor ...