India, Sept. 1 -- Update | September 01, 18:25 IST

The public issue of Purple Style Labs (PSL) IPO ended its second day of bidding with a subscription of 24%. As per BSE data, the IPO received bids for 16.18 Lakh shares against the 68.50 Lakh shares on offer.

Retail investors remained the highest bidder in the IPO, with the portion reserved for seeing a 93% subscription. These investors placed bids for 11.63 Lakh shares against the 12.45 Lakh shares earmarked for them.

The portion reserved for non institutional investors (NIIs) ended the day slightly higher than where it started. These investors have now subscribed their quota by 13%, having placed bids for 2.39 Lakh shares against 18.68 Lakh shares today.

Meanwhile, interest from qua...