India, Aug. 12 -- Update| August 12, 17:31 IST

Shiprocket's public issue was subscribed 97% on the first day of bidding, receiving bids for 9.15 Cr equity shares against 9.44 Cr shares on offer.

Up until now, retail investors have been the most bullish on the IPO. These investors have placed bids for 5.78 Cr shares against 1.73 Cr reserved for retail investors, translating to a 3.34X oversubscription.

Non-institutional investors (NIIs) have also been bullish on the public issues, oversubscribing their quota by 1.23X. These investors have bids for 3.19 Cr shares against the 2.60 Cr shares earmarked for them.

Qualified institutional buyers (QIBs), on the other hand, have shown the most muted interest in the issue. This section of invest...