PhysicsWallah IPO GMP Declines; Remains Undersubscribed At 0.11 Times – Check Day 2 Details

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 share.

The IPO was booked 0.11 times on Wednesday so far.

Retail investors need to apply for at least a single lot size of 137 shares, amounting to a minimum investment of Rs 14,933 at the upper limit of the issue price. Small Non-Institutional Investors (NIIs) are required to bid for a minimum of 14 lots worth Rs 2,09,062. Big NIIs can participate in the IPO subscription by applying for at least 67 lots, amounting to an investment of Rs 10,00,511.

MUFG Intime India Pvt. Ltd. (formerly Link Intime India) is the issue registrar, while Kotak Mahindra Capital Co. Ltd. is the book running lead manager of the issue.