PhysicsWallah IPO price band has been fixed in the range of ₹103 to ₹109 per equity share of the face value of Re 1. The PhysicsWallah IPO date of subscription is scheduled for Tuesday, November 11 and will close on Thursday, November 13. The allocation to anchor investors for the PhysicsWallah IPO is scheduled to take place on Monday, November 10.
The floor price is 103 times of the face value of the equity shares and the cap price is 109 times of the face value of the equity shares. The PhysicsWallah IPO lot size is 137 equity shares and in multiples of 137 equity shares thereafter.
PhysicsWallah IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors. The employees have been reserved up to ₹70 million worth shares.
Tentatively, PhysicsWallah IPO basis of allotment of shares will be finalised on Friday, November 14, and the company will initiate refunds on Monday, November 17, while the shares will be credited to the demat account of allottees on the same day following refund. PhysicsWallah share price is likely to be listed on BSE and NSE on Tuesday, November 18.
