PhysicsWallah Raises ₹1,562.85 Crore in Anchor Round Ahead of IPO Launch

Ahead of IPO launch, Edtech unicorn PhysicsWallah has successfully completed its anchor investment round, raising ₹1,562.85 crore just a day before its highly anticipated initial public offering (IPO).

The company confirmed on Monday that the funds were raised through the allocation of 14,33,80,733 equity shares to 57 anchor investors at the upper end of the price band of ₹109 per share (face value ₹1 plus a share premium of ₹108).

Participation from Different Investors

Out of the total anchor allocation, 14 domestic mutual funds collectively secured 7,95,48,091 shares, accounting for 55.48% of the gross anchor book, across 35 investment schemes.

The anchor round witnessed robust participation from prominent domestic and global investors. Among the Indian participants were ICICI Prudential MF, Kotak MF, Nippon India MF, Aditya Birla Sun Life MF, DSP MF, 360 ONE, Motilal Oswal MF, Tata MF, Bharti AXA MF, Edelweiss MF, and Canara Robeco MF. Leading international investors included Capital Research, Goldman Sachs Asset Management (GSAM), Fidelity, Franklin Templeton Global, Eastspring Investments, PineBridge, and White Oak Capital.

Also Read: Think Investments Injects ₹136 Crore into PhysicsWallah Ahead of IPO

PhysicsWallah IPO Details

The ₹3,480 crore PhysicsWallah IPO comprises a fresh issue of ₹3,100 crore (28.44 crore shares) and an offer for sale (OFS) worth ₹380 crore (3.49 crore shares). The IPO will open for subscription on Tuesday, November 11, and close on Thursday, November 13. The price band for the IPO has been set between ₹103 and ₹109 per share.

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