After the record setting collections yesterday, the momentum of the flow of bids for Reliance Power’s mega initial share offer (IPO) slowed on Wednesday, the second day, with subscription levels crossing 14 times, according to the information available on the National Stock Exchange website at 8 pm.

The Rs 11,700-crore IPO – the country’s biggest ever so far – was subscribed nearly 11 times on the first day.

The segment-wise break-up of the share sales available show that the qualified institutional buyer (QIB) portion was subscribed 17 times.

Nearly 80 per cent of the bids in the segment came from FIIs, who have submitted bids for over Rs 81,000 crore worth of shares.

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