India, Aug. 10 -- Logistics tech company LEAP India's IPO picked up pace on the second day of bidding. Investors placed bids for 4.77 Cr shares against a total offer size of 11.49 Cr shares on offer, translating to a 42% subscription, as of 14:30 IST.

Qualified institutional buyers (QIBs) continued to lead bidding on day two, placing bids for 2 Cr shares against the 3.28 Cr shares earmarked for them. This translates to a 61% subscription of their quota.

As of now, both non institutional investors (NII) and retail investors have subscribed their quota by 34%. While NIIs placed bids for 82.96 Lakh shares against 2.46 Cr shares allocated for them, retail investors have bid for 1.93 Cr shares compared to 5.75 shares earmarked for them.

The...