Edtech unicorn PhysicsWallah’s initial public offering (IPO) received an overall subscription of 1.8 times, driven mainly by strong demand from Qualified Institutional Buyers (QIBs), who subscribed 2.7 times their allotted quota. The employee segment saw the highest enthusiasm with 3.5X subscription, while the retail and Non-Institutional Investor (NII) portions were subscribed 1.05X and 0.48X, respectively.
The IPO, open for bidding between November 11 and 13, had a price band of Rs 103–Rs 109 per share and a minimum investment of Rs 14,111. The…
