Physicswallah Ltd., the edtech services provider has fixed the price band for its upcoming ₹3,480 crore Initial Public Offering (IPO) on Thursday, November 6.

The company has fixed the price band of its IPO between ₹103 to ₹109 per share. Three day issue will open for subscription on Tuesday, November 11, and close on Thursday, November 13.

Physicswallah's IPO will be a combination of a fresh issue of shares worth ₹3,100 crore, along with an Offer For Sale (OFS) component worth ₹380 crore.

75% of the issue has been reserved for Qualified Institutional Bidders (QIBs), as has been the trend with some of the recent IPOs, while only 10% of the issue is reserved for retail investors.

Retail investors can bid for one lot of 137 shares, which will entail a minimum investment of ₹14,933. Bids

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