India, Nov. 13 -- Update | November 13, 19:25 IST

Edtech unicorn PhysicsWallah's IPO closed with a 1.81X oversubscription today. The public issue received bids for 33 Cr shares against 18 Cr shares on offer.

The employees' category saw the highest subscription at 3.49X. They placed bids for 26 Lakh shares against 7.52 Lakh shares on offer.

Qualified institutional buyers (QIBs) placed bids for 27.35 Cr shares against 10.11 Cr shares on offer, translating to 2.7X oversubscription.

Within this segment, foreign institutional investors (FIIs) bid for 8.63 Cr shares, while mutual funds and domestic financial institutions placed bids for 16.03 Cr and 1.42 Cr shares, respectively.

The non-institutional investors' (NIIs) segment saw only a 48...