India, Nov. 4 -- Investment tech major Groww's IPO saw a decent start on the Day 1 of bidding, with the issue subscribed 22% till 12:00 IST. It received bids for 8.15 Cr shares as against 36.47 Cr shares on offer.

Retail investors showed the highest interest in the IPO, with the portion reserved for them subscribed 92%. They bid for 6.09 Cr shares against 6.63 Cr shares reserved for them.

The portion reserved for non-institutional investors (NIIs) was subscribed 21%, receiving bids for 2.09 Cr shares against 9.94 Cr shares on offer.

However, qualified institutional buyers' (QIBs) quota saw marginal subscription, getting bids for over 79K shares against 19.90 Cr shares on offer.

Groww's INR 6,600 Cr IPO comprises a fresh issue of INR 1...