India, Aug. 13 -- Ecommerce enablement platform Shiprocket's Rs.1,617.5 Cr IPO was subscribed 1.97X by 12:42 IST on the second day of bidding today.

The issue received bids for 18.58 Cr shares against the 9.44 Cr shares on offer, led by demand from retail investors, employees, and non-institutional investors (NIIs).

Retail investors placed bids for 11.31 Cr shares against the 1.73 Cr shares reserved for the category, translating into a subscription of 6.52X.

The NII portion was subscribed 2.70X, receiving bids for 7.03 Cr shares against the 2.60 Cr shares available for the category.

Within the NII category, the portion reserved for investors bidding for more than Rs.10 Lakh was subscribed 1.80X. The portion for investors bidding betwe...