India, Aug. 7 -- Logistics tech provider LEAP India's IPO got off to a steady start on the first day of bidding. Investors placed bids for 2.71 Cr shares against a total offer size of 11.50 Cr shares on offer, translating to a 24% subscription, as of 14:30 IST.

The highest number of bids have come from qualified institutional buyers (QIBs) till now, who have placed bids for 1.99 Cr shares against the 3.28 Cr shares earmarked for them. This translates to a 61% subscription of their quota.

Following QIBs, retail investors have placed bids for 55.63 Lakh shares against the 5.75 Cr shares reserved for them. These investors have subscribed their quota by a mere 10% till now.

Non institutional investors (NIIs) have also only subscribed their...