India, Nov. 11 -- Edtech unicorn PhysicsWallah's IPO saw a muted start on Day 1, with the issue subscribed 5% by 12:57 IST. It received bids for 87.68 Lakh shares against 18.62 Cr shares available for subscription.

Retail individual investors' (RII) segment saw the highest interest with 22% subscription. The retail investors placed bids for 75.44 Lakh shares against 3.37 Cr shares on offer.

The employees' category was subscribed 69%, getting bids for 5.19 Lakh shares as against 7.52 Lakh shares reserved.

The non-institutional investors' (NII) portion was subscribed 1%, getting bids for 7.03 Lakh shares against 5.05 Cr shares reserved. Meanwhile, qualified institutional buyers (QIBs) didn't place any bids.

PhysicsWallah has set a price...