India, Nov. 11 -- Update | November 11, 17:53 PM

PhysicsWallah's (PW) IPO saw muted demand on the first day of its opening. The company's issue attracted 1.31 Cr bids on day one against the 18.62 Cr shares on offer, translating to a mere 7% subscription of the company's public float.

Retail investors (RIIs) placed the highest 1.1 Cr bids on day one against the 3.37 Cr shares reserved for them. This translated to a 33% subscription of their quota.

Non institutional investors (NIIs) placed the second highest bids for 12.55 Lakh shares against the 5.06 Cr shares earmarked for them, translating to a mere 2% subscription of their quota. The interest from qualified institutional buyers (QIBs) was the most muted, with these investors placing ...