PhysicsWallah IPO: Edtech firm PhysicsWallah’s IPO of Rs 3480 is going to be launched on November 11. The company has fixed the price band for the IPO at Rs 103-109 per share. This issue will close on 13 November.
With the announcement of the price band, both the founders of the company, Alakh Pandey and Prateek Boob have joined the list of billionaires. Both have 40.31 percent stake in the company, which is equal to 105.12 crore shares. Thus, according to the upper price band of the IPO, the value of their individual stake in the company is Rs 11,458 crore or about $ 1.29 billion.
IPO divided into two parts
Physicswala’s public issue is divided into two parts – it includes a fresh issue of Rs 3,100 crore as well as an offer-for-sale of Rs 380 crore. This means that some part of the money raised from the IPO will also go to the company, which the company will use for its growth.
It has been stated in the company’s Draft Red Herring Prospectus (DRHP) that the company had acquired its stake from both the founders at a very low price. After being allotted bonus shares in the ratio of 35:1 in March 2025, his personal stake increased from 3 crore shares to the current level by June 2024, when he held 50 per cent of the company.
Other investors include
Other investors in Physicswala include WestBridge AIF with 6.4% stake (16.8 crore shares), valued at Rs 1,820 crore, Hornbill Capital Partners with 4.41% stake (11.52 crore shares), valued at Rs 1,255 crore, Lightspeed Opportunity Fund with 4.66 crore shares (Rs 509 crore). And Setu AIF Trust holds 3.64 crore shares (Rs 396 crore). Its valuation at the upper price band of the company comes to Rs 31,170 crore. The company wants to expand further through IPO.
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This powerful IPO of Rs 3480 crore is opening on 11th November, know till when will you be able to place bets?
