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The PhysicsWallah IPO. It’s a phrase that’s been bouncing around the business news for a couple of days now. As of 11:45 IST on its second day, the issue was only subscribed at 10%.
Seems like a bit of a slow start, really. The report comes from Inc42 Media. The numbers, they speak for themselves, I guess.
Earlier today, the market was probably watching closely, trying to gauge the mood. The IPO, of course, represents a significant step for PhysicsWallah, an edtech unicorn. It’s a big deal. Still, the response seems muted.
One can’t help but wonder what’s driving this cautiousness. Is it the current economic climate? Investor uncertainty? Or something else entirely? A witness at the Bombay Stock Exchange, who wished to remain anonymous, said, “The market is always a gamble, but right now, it feels like everyone’s playing it safe.”
And, of course, the implications. For PhysicsWallah, a successful IPO would mean a massive influx of capital. But a tepid response could lead to… well, something else. Something less. It’s a tightrope walk, in a way.
Meanwhile, the market continues its dance. The clock keeps ticking. And the PhysicsWallah IPO, for now, remains a story still unfolding.
