India, Oct. 16 -- B2B manufacturing company Zetwerk's Rs.5,012.3 Cr IPO was subscribed 27% on the second day of bidding today. Investors placed bids for 4.95 Cr shares against 18.51 Cr shares on offer as of 14:39 IST, according to BSE data.

Non-institutional investors (NIIs) bid for 67.85 Lakh shares against 5.13 Cr shares reserved for them, subscribing to 13% of their quota. Within the NII category, the portions for bids above Rs.2 Lakh and up to Rs.10 Lakh, and those above Rs.10 Lakh, were each subscribed 13%.

Qualified institutional buyers (QIBs) subscribed to 32% of their allocation, placing bids for 3.13 Cr shares against 9.89 Cr shares on offer.

The retail portion was also subscribed 32%, with bids for 1.11 Cr shares against an a...