Edtech unicorn PhysicsWallah’s initial public offering (IPO) received an overall subscription of 1.8 times, driven mainly by strong demand from Qualified Institutional Buyers (QIBs), who subscribed 2.7 times their allotted quota. The employee segment saw the highest enthusiasm with 3.5X subscription, while the retail and Non-Institutional Investor (NII) portions were subscribed 1.05X and 0.48X, respectively. […]
