The highly anticipated initial public offering (IPO) of Orkla India Ltd opened for subscription today, but the pace of bids remains tepid. The issue was subscribed just 37 per cent overall at 12.09 pm. Within the category breakdown, non-institutional investors (NIIs) had bid 0.56 times and retail investors were at 0.49 times. Qualified institutional buyers (QIBs) had not placed yet. The employee reserved portion has attracted bids of 2.04 times.IPO detailsThe ₹1,667 crore IPO is entirely an offer-for-sale ( ...