India, Nov. 12 -- Update | November 12, 18:00 IST

PhysicsWallah's (PW) IPO continued to see muted investor interest on the second day of bidding. PW's issue attracted 2.38 Cr bids against the 18.62 Cr shares on offer, translating to a mere 13% subscription of the public issue.

In the lead, retail investors (RIIs) have placed the highest 1.96 Cr bids against the 3.37 Cr shares reserved for them. These investors have subscribed their quota by only 58% as of now.

Meanwhile, interest from non institutional investors (NIIs) picked up slightly on the second day, with these investors bidding for 28.02 Lakh shares against the 5.05 Cr shares earmarked for them.

NIIs have subscribed their quota by a mere 6% subscription till now. The interest f...