India, Aug. 3 -- Update | August 03, 20:25 IST

The public issue of edtech company Klassroom ended the second day with a subscription of 98%. As per BSE data, the IPO received bids for 17.22 Lakh shares against the 17.58 Lakh shares on offer.

Retail investors remained the highest bidder in the IPO, with the portion reserved for seeing a 1.32X oversubscription. These investors placed bids for 10.79 Lakh shares against the 8.18 Lakh shares earmarked for them.

Meanwhile, interest from qualified institutional buyers (QIBs) was also healthy on the second day. These investors bid for 3.15 Lakh shares against the 4.64 Lakh shares reserved for them. This translates to 68% subscription of their quota.

The portion reserved for non institutional ...