India, Sept. 9 -- Online furniture and appliance rental platform RentoMojo's Rs.1,256 Cr IPO was subscribed 69% by 12:57 IST on the first day of bidding today.

The IPO received bids for 1.50 Cr shares against 2.18 Cr shares on offer, according to BSE data.

The NII portion saw the highest demand, receiving bids for 42.05 Lakh shares against 46.54 Lakh shares on offer, translating into 90% subscription.

Within the category, the portion reserved for investors placing bids of between Rs.2 Lakh and Rs.10 Lakh was subscribed 1.26 times. The portion for bids exceeding Rs.10 Lakh was subscribed 73%.

The retail portion received bids for 83 Lakh shares against 1.09 Cr shares on offer, translating into 76% subscription. Meanwhile, the employee p...