India, Oct. 3 -- After extending its IPO on September 30, Zappfresh's public offering is yet to sail through on day five. As per Chittorgarh data, the issue was subscribed 94% at the end of October 3.

Qualified institutional buyers (QIBs) showed the strongest appetite for the company's public offering, oversubscribing their quota 1.45X. These investors bid for 16.16 Lakh shares against the 11.16 Lakh shares reserved for them.

Meanwhile, non-institutional investors (NIIs) also oversubscribed their quota 1.25X, bidding for 10.50 Lakh shares against the 8.39 Lakh shares earmarked for them.

However, muted interest from retail investors dragged the overall subscription down as of Day 5. Retail investors bid for only 9.96 Lakh shares against...