India, Nov. 12 -- Edtech unicorn PhysicsWallah's IPO continued to see a tepid response and was subscribed 10% by 11:45 IST on the second day of bidding. The issue received bids for 1.86 Cr shares against 18.62 Cr shares available for subscription.

The employees' category saw the highest interest with 1.45X subscription. The employees placed bids for 10.94 Lakh shares against 7.52 Lakh shares on offer.

Retail individual investors' (RII) segment was subscribed 45%, getting bids for 1.57 Cr shares against 3.37 Cr shares on offer.

The non-institutional investors' (NII) portion was subscribed just 4%, getting bids for 18 Lakh shares against 5.05 Cr shares reserved. Meanwhile, qualified institutional buyers (QIBs) placed bids for a mere 6,30...