The much anticipated edtech issue, PhysicsWallah IPO will be open for subscription between November 11 -13. The allotment for the IPO is expected to be finalised on November 14.
PhysicsWallah IPO size, structure
PhysicsWallah’s upcoming IPO is a book build issue of Rs 3,480 crores. The issue is a combination of a fresh issue of Rs 3,100.00 crores and an offer for sale of Rs 380.00 crores.
Alakh Pandey and Prateek Boob, the co-founders of PhysicsWallah, each own 40.35 per cent stake in the company, while the venture capital investors WestBridge Capital and Hornbill Capital hold 6.41per cent and 4.42 per cent, respectively.
PhysicsWallah IPO: Issue objective
The company stated that it will utilise the IPO proceeds for capital expenditures on new offline and hybrid centres.
PhysicsWallah IPO: Who are the book-running lead managers?
Kotak Mahindra Capital is the book-running lead manager, and MUFG Intime India is the registrar of the issue.
Furthermore, the one-day IPO anchor book will be launched for institutional investors on November 10. PhysicsWallah’s IPO is expected to list on stock exchanges on a tentative listing date set for November 18.