PhysicsWallah IPO, Nov. 11 -- The initial public offering (IPO) of edtech platform PhysicsWallah kicked off for bidding on Tuesday, November 11, garnering a lukewarm response from the investors on the first day.

Barring the employee portion, all other segments remained undersubscribed. However, investors have the scope to apply for PhysicsWallah IPO till Thursday, November 13.

PhysicsWallah IPO received bids for 1,31,22,682 shares as against 18,62,04,143 shares on offer, resulting in a 7% subscription.

The retail individual investors category was subscribed 33% while the portion for non-institutional investors received a 2% subscription. The qualified institutional buyers (QIBs) category did not see any participation on the first day. ...