India, Aug. 12 -- Ecommerce enabler Shiprocket's IPO was subscribed 0.35X within the first few hours of bidding today, led by demand from retail investors and employees.

As of 11:57 IST, investors had placed bids for 3.29 Cr shares against the 9.44 Cr shares on offer, according to exchange data.

The portion reserved for retail investors was subscribed 1.35X, with bids for 2.33 Cr shares against the 1.73 Cr shares available for the category.

The employee portion was subscribed 2.48X after receiving bids for 2.98 Lakh shares against the 1.20 Lakh shares reserved for employees.

Meanwhile, non-institutional investors (NIIs) placed bids for 92.30 Lakh shares against the 2.60 Cr shares on offer, translating into a subscription of 0.35X.

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