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The air in the trading room felt… subdued. Or maybe I’m just projecting. Still, the numbers from PhysicsWallah’s IPO on this, its final day, tell their own story. The subscription rate, as of 11:00 AM IST, hovered around 16% — a figure that, honestly, feels a little low for a company with such a buzz.
It’s been a tricky week. The initial excitement seemed to have cooled somewhat since the IPO opened, you know? According to Inc42 Media, the response has been “lukewarm,” and I’d say that’s a fair assessment based on what I’ve seen.
The details, as they stand: PhysicsWallah, the edtech unicorn, launched its IPO. The goal was, of course, to generate capital. But the market… the market has a mind of its own. And on Day 3, things seemed to have slowed down, comparatively speaking. I spoke to an analyst earlier, and they mentioned the overall market sentiment might be a factor, but that’s just one piece of the puzzle.
One of the things that stood out was the lack of any significant jump in the subscription numbers, even with the deadline looming. It’s the kind of thing that makes you wonder what the final tally will be. The market, in its way, is always a bit of a gamble, isn’t it?
It’s a far cry from, say, the frenzy of some other tech offerings we’ve seen. Or maybe the expectations were just set too high from the start. A witness mentioned to reporters that the firm was hoping for a bigger push from retail investors, but that didn’t seem to have fully materialized.
The clock keeps ticking. We’ll see how things look at the close of the day.
