The mainboard IPO will remain open for subscription from November 11 to November13. (Photo: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

PhysicsWallah Ltd.'s initial public offer was subscribed to 15% so far on the third day, on Thursday. The IPO was subscribed to 13% on the second day.

Delhi-based leading ed-tech company PhysicsWallah aims to raise up to Rs 3,100 crore through a fresh issue, and co-founders Alakh Pandey and Prateek Maheshwari will sell equity worth Rs 380 crore via an offer-for-sale. Both founders own over 80% stake.

The mainboard IPO comprises a fresh issue of 28.44 crore shares, valued at Rs 3,100 crore, and an offer-for-sale (OFS) of 3.49 crore shares, amounting to Rs 380 crore.

The IPO price band has been fixed at Rs 103-Rs 109 per

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