Mumbai, Nov. 14 -- The initial public offer of Physicswallah received bids for 33,62,27,044 shares as against 18,62,04,143 shares on offer. The issue was subscribed 1.81 times.

The Qualified Institutional Buyers (QIB) category was subscribed 2.70 times, the Retail Individual Investors category was subscribed 1.06 times and the Non-Institutional Investors category was subscribed 0.48 times.

The issue opened for bidding on 11 November 2025 and it closed on 13 November 2025. The price band of the IPO is fixed between Rs 103 and 109 per share.

The IPO comprised a fresh issue of Rs 3,100 crore and an offer for sale of Rs 380 crore.

The selling shareholders include Alakh Pandey, who will offload 1,74,31,193 equity shares at the upper price ...