Physicswallah IPO to open on Nov 11; price band, allotment, business details

New Delhi: Edtech company Physicswallah Ltd is now going to enter the stock market. The company has fixed the price band for its initial public offering (IPO) of Rs 3,480 crore. This issue will open on Tuesday 11 November and will close on November 13. This edtech company is known for preparing many competitive exams including JEE, NEET and UPSC. If you are also preparing to bet on this public issue, then know the important things related to the IPO and the company.

The company has fixed the price band for the IPO of edtech company Physicswallah. Which has been kept from Rs 103 to Rs 109 per share. In this IPO, new shares worth Rs 3,100 crore will be issued, while the share of Rs 380 crore will be Offer for Sale (OFS). That means it will be an issue of Rs 3,480 crore in total.

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75% of the IPO is reserved for Qualified Institution Buyers (QIBs), whereas only 10% has been earmarked for retail investors. Retail investors can bid for 137 shares in one lot, for which a minimum investment of Rs 14,933 is required. After that, the bid can be placed in multiple of 137 shares. The company is also offering a discount of Rs 10 per share to its employees.

After the IPO, the company's market cap will be around Rs 31,169 crore. After the IPO, the promoters' stake will come down from 81.6% to 72.3%.

The allotment of shares will be done on 14 November and the shares of the company will be listed on the stock exchanges (BSE and NSE) on 18 November. At the same time, the book running lead managers of this IPO are Kotak Capital, JPMorgan India, Goldman Sachs (India) and Axis Capital.

Physicswallah was started in 2016 by Alakh Pandey. Allahabad resident Alakh Pandey used to post free educational videos on YouTube earlier. Their popularity increased rapidly during the COVID-19 pandemic and now the company has a total of 303 offline centers in 152 cities in India and the Middle East. Big investors like Westbridge Capital, GSV Ventures, Hornbill Capit and Lightspeed Ventures also hold stake in the company.

PhysicsWall Ltd's revenue has increased at a speed of 51% in FY25 as compared to last year. Talking about profits, there has been a tremendous jump of 78% in Profit After Tax (PAT).