India, Feb. 10 -- NBFC Aye Finance's IPO continued to see tepid response on the second day of bidding, with the issue subscribed 15% as of 13:48 IST. It received bids for 68.08 Lakh shares against 4.55 Cr shares on offer.

Retail individual investors continued to drive the demand, placing bids for 34.67 Lakh shares against 82.78 Lakh shares reserved for them. This translated to a 42% subscription of their quota.

The subscription for the qualified institutional buyers' category remained unchanged from the first day of bidding at 13%, receiving bids for 31.88 Lakh shares against 2.48 Cr shares reserved.

Non-institutional investors subscribed to just 1% of their quota, placing bids for 1.53 Lakh shares against 1.24 Cr shares reserved.

The...