India, Nov. 13 -- Edtech unicorn PhysicsWallah's IPO continued to see lukewarm response, with the issue subscribed 16% till 11:00 IST on the final day of bidding today. The public issue received bids for 2.95 Cr shares against 18.62 Cr shares on offer.

Retail investors placed bids for 2.39 Cr shares against 3.37 Cr shares reserved for them, translating to 71% subscription.

Non-institutional investors (NIIs) bid for 39.66 Lakh shares against 5.05 Cr shares earmarked for them. Their quota was subscribed a mere 8%.

The interest from qualified institutional buyers (QIBs) remained muted on Day 3, getting bids for only 17,399 shares against 10.12 Cr shares reserved.

Meanwhile, the edtech unicorn's employee quota was oversubscribed 2.1X, get...