Blackbuck, founded in 2015, is an online B2B marketplace for intercity full truck load (FTL) transportation

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The portal offers payment alternatives, load marketplace, and vehicle financing services for truck operators in the country

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On the second day of the bidding process, logistics company BlackBuck's IPO received a 28% subscription from retail investors

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According to BSE data, investors bid for 62.40 lakh shares out of a restricted 2.24 crore shares until 11:03 AM today (November 14)

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Retail investors bid for 28.90 lakh shares, out of 40.80 lakh on offer, resulting in a 71% subscription

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Qualified institutional investors purchased 30.94 lakh shares out of 1.22 crore earmarked for them, accounting for 25% of the issue's total subscription

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Non-institutional buyers showed the least interest in the IPO, bidding only 0.02x for 1.45 lakh shares out of 61.21 lakh on offer

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The employees part has been oversubscribed 4.25 times

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BlackBuck's IPO received a 24% subscription on the first day of bidding

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The company has set a price range of INR 259-273 per equity share for its IPO, which will be open for bidding till November 18

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