PhysicsWallah raised ₹1,563 crore from 57 anchor investors ahead of its ₹3,480 crore IPO opening on November 11. Backed by strong institutional interest, the edtech firm aims to expand its hybrid learning network amid sectoral challenges and valuation scrutiny.
Backed by significant institutional support ahead of what promises to be among India’s most viewed listings this year, newbie PhysicsWallah Ltd
Set between ₹103 and ₹109 per share, the IPO itself is scheduled to begin subscription on 11 November and end on 13 November. Including a fresh equity offering of roughly ₹3,100 crore and an offer-for-sale by current shareholders of about ₹380 crore, the overall value of the offer is around ₹3,480 crore. Company documents show that the higher end of the band values the business at more than Rs 31,500 crore.
Among the anchor investors are prestigious worldwide names like Goldman Sachs Asset Management and Fidelity International, along with large domestic mutual fund companies that combined accounted for more than half of the anchor distribution, showing institutional interest seems broad-based. The increasing Indian ed-tech scene is shown in PhysicsWallah’s growth.
Originally started as a YouTube channel by teacher Alakh Pandey
The IPO’s proceeds are meant for scaling physical facilities, technology and infrastructure investments, hybrid footprint enlargement, and inorganic growth execution.
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That said, though the anchor book suggests confidence in the company’s path, experts warn that the ed-tech industry is facing challenges. Valuations are being closely examined; execution risk persists, particularly as businesses swiftly move from online models to capital-intensive offline forms.
PhysicsWallah has acquired a substantial anchor investor interest and is ready to make its public debut. The success of the IPO will probably hinge on whether the firm can successfully offer growth while controlling expenses and execution issues, rather than only on investor attitude.
