9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
The Rs 3,480 crore preliminary public providing of edtech agency PhysicsWallah was totally subscribed on the ultimate day of bidding on November 13, closing with an general subscription
The Rs 3,480 crore preliminary public providing of edtech agency PhysicsWallah was totally subscribed on the ultimate day of bidding on November 13, closing with an general subscription of 1.92 occasions.
In keeping with NSE knowledge, the problem obtained bids for 33.69 crore shares towards a proposal dimension of 18.62 crore shares, after muted curiosity throughout the first two days.
The retail investor portion was subscribed 1.14 occasions, whereas non-institutional buyers (NII) subscribed 51% of their quota. Certified institutional consumers (QIBs) confirmed the strongest urge for food, taking their portion to 2.86 occasions the shares on provide.
PhysicsWallah goals to boost Rs 3,480 crore via a contemporary challenge of Rs 3,100 crore and a proposal on the market of Rs 380 crore. The IPO was open from November 11 to 13 at a worth band of Rs 103-109 per share.
The minimal bid was 137 shares, requiring an funding of Rs 14,933 on the higher band. The allotment of shares is anticipated to be finalized on November 14, with itemizing scheduled for November 18 on the BSE and NSE.
The IPO follows a Rs 1,563 crore anchor spherical, the place 57 institutional buyers participated, together with ICICI Prudential, Kotak, Nippon India, Aditya Birla Solar Life, DSP, Motilal Oswal, 360 ONE, Tata, Bharti AXA Life, Edelweiss, and Canara Robeco Mutual Fund.
The anchor spherical additionally noticed robust participation from world institutional buyers reminiscent of Capital Analysis, Goldman Sachs Asset Administration, Constancy, Franklin Templeton, PineBridge, Eastspring Investments, and White Oak Capital.
As of Q1 FY26, PhysicsWallah operated 303 centres throughout six enterprise verticals, a 68% enhance from the 182 centres a 12 months earlier.
On the monetary entrance, the agency reported a web lack of Rs 125.5 crore in Q1 FY26, in contrast with Rs 70.6 crore a 12 months in the past, at the same time as working income grew 33% year-on-year to Rs 847 crore.
/indianstartupnews/media/media_files/2025/10/23/ondc-appoints-rohit-lohia-as-chief-business-officer-2025-10-23-15-54-20.png?w=1280&resize=1280,960&ssl=1 "Indian Govt-Backed ONDC Appoints Rohit Lohia as Chief Business Officer")
