India, Sept. 11 -- Update | September 11, 17:13

Urban Company's IPO continued to receive an overwhelming response on the second day of bidding, with the issue oversubscribed 9X at the end of the day. According to BSE data, the IPO received bids for 96.1 Cr shares against the total offering of 10.6 Cr shares.

The portion reserved for non-institutional investors (NIIs) surpassed that for retail investors in terms of oversubscription. The NIIs bid for 52.9 Cr shares as against 2.9 Cr shares reserved for them, translating to 18.2X subscription.

Retail investors placed bids for 34.2 Cr shares against 1.9 Cr shares on offer, leading to oversubscription of 17.6X.

The employee segment saw 13.4X subscription, with bids totalling 37.7 Lakh shar...