Edtech PhysicsWallah Ltd’s initial public offering (IPO) has been fully subscribed today — its final day of bidding — registering an overall subscription of 1.22 times so far.

At 2.27 pm, the qualified institutional buyers (QIB), who showed limited interest in the first two days, subscribed 1.79 times, non-institutional investors (NIIs) at 0.29 times, retail investors at 0.89 times. Employee portion was booked 2.74 times.

The ₹3,480-crore IPO of this Noida-based company fixed the price band of ₹103 to ₹109 per share, with a lot size of 137 shares.

It comprised of a fresh issue of equity shares worth ₹3,100 crore and an offer for sale (OFS) of up to ₹380 crore by the promoters.

Both promoters, Alakh Pandey and Prateek Boob, offload shares worth ₹190 crore through the OFS. At present, bo

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