Think Investments Injects ₹136 Crore into PhysicsWallah Ahead of IPO

Global investment firm Think Investments has invested ₹136 crore in PhysicsWallah (PW) through a secondary share transaction, highlighting robust investor confidence in the edtech company as it gears up for its upcoming public listing.

The transaction was executed at ₹127 per share, marking a 17% premium over the PhysicsWallahIPO’s upper price band of ₹109. According to the news reports, Think Investments acquired 1.07 crore shares, amounting to a 0.37% stake in PW. Notably, none of the founders participated in this secondary sale, underscoring their continued faith in the company’s growth trajectory and long-term vision.

Increased Investor Activity Through ESOP Liquidations

Between January and July 2025, PhysicsWallah witnessed heightened investor participation through a series of ESOP liquidations managed by Funds India, a WestBridge Capital subsidiary.

Shares were traded in the range of ₹127–₹137 per share, attracting several family offices that collectively invested around ₹100 crore. The sustained demand for PW’s shares reflects enduring investor appetite for the fast-growing edtech platform.

PhysicsWallah IPO Details and Valuation

PhysicsWallah is set to launch its ₹3,480 crore initial public offering (IPO) on November 11, comprising a fresh issue of ₹3,100 crore and an offer-for-sale (OFS) worth ₹380 crore by co-founders Alakh Pandey and Prateek Boob.

The IPO is priced between ₹103 and ₹109 per share, valuing the company at over ₹31,500 crore at the upper end of the range. The anchor book will open on November 10, and the issue will close on November 13.

Also Read: Upcoming IPOs: PhysicsWallah, Emmvee, and Tenneco Opening This Week (Nov 10–14)

Shareholding and Use of Proceeds

Following the listing, promoter shareholding is expected to decline from 80.62% to about 72%, while early investors will retain their stakes.

Proceeds from the fresh issue will be utilised to fund expansion initiatives, strengthen operations, and support strategic growth plans, marking another key milestone in PhysicsWallah’s journey from a YouTube-based learning platform to one of India’s most valued edtech startups.

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