India, Oct. 7 -- The initial public offering of Tata Capital Ltd. failed to garner full subscription after two days of share sale, even as that of LG Electronics India Ltd. got sold out on the first day itself.

Investors bid for 24,96,33,260 shares as against 33,34,36,996 shares on offer in the Tata Capital IPO, which translates into 75% subscription, according to data on the website of the National Stock Exchange on Tuesday. The non-banking financial company has so far raised Rs.8,158.82 crore from 14,22,671 applications.

The demand was led by qualified institutional buyers who picked up 86% of the shares reserved for them. The quota for non-institutional investors (NIIs) garnered 76% subscription. The retail portion was subscribed 67%...