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The much-anticipated ₹3,480-crore initial public offering (IPO) of PhysicsWallah Ltd opened for public subscription on Monday, November 11, and saw a 2% subscription on Day 1 (as of 10:50 am), according to data available on the National Stock Exchange (NSE).

The maiden public issue received bids for 41.52 lakh shares against the offer size of 18.62 crore shares. The retail investor segment led the early momentum, booking 11% of their reserved quota, while Non-Institutional Investors (NII) subscribed 1% of their allotted portion.

The Qualified Institutional Buyers (QIB) category, however, is yet to make any substantial bids.

PhysicsWallah IPO Details: Price Band, Lot Size and Key Dates

The PhysicsWallah IPO is a book-built iss

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