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Alakh Pandey-led EdTech giant all set to launch Rs 3,480 cr issue on Nov 11; check latest GMP

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The much-awaited PhysicsWallah IPO will take a date with Dalal Street next week. The edtech unicorn led by Alakh Pandey, also referred to as "PhysicsWallah" or PW, will launch an IPO. Subscriptions will open on November 11 and finish on November 13.

The IPO is priced between Rs 103 and Rs 109 per share. Details on PhysicsWallah's first public offering A new issue of 28.44 crore shares totaling Rs 3,100 crore and an offer for sale of 3.49 crore shares totaling Rs 380 crore, in which the current shareholders and founders would partially sell their stake, make up the PhysicsWallah IPO, a book-built offering up to Rs 3,480 crore. 

 The lot size is 137 shares. Thus, a retail investor can apply with a minimum investment of Rs 14,933 for one lot. Kotak Mahindra Capital Co. Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue. PhysicsWallah IPO GMP and Estimation of Listing Price At the time of writing, the grey market premium stood at Rs 5 per share as on November 6th, against the upper price band of Rs 109, which pegged the estimated listing price at Rs 114 per share. This would imply a listing gain of approximately 4.59% for its investors. Although the GMP trend is indicating a modest premium, strong brand recognition coupled with a scalable business model suggests that market analysts believe subscription levels could be healthy, especially from both retail and institutional investors. About PhysicsWallah (PW) Physics Wallah is an Indian education technology company founded by Alakh Pandey in 2016. It started with a YouTube channel for physics tutorials on JEE and NEET and expanded into a full-fledged ed-tech company by 2020. Headquartered in Noida, Uttar Pradesh, Physics Wallah provides quality learning at affordable costs to students from class 6 to postgraduate levels in competitive examinations like JEE, NEET, and more. From online videos to a course app, offline centres, 67 centres in 34 cities in 2023, to a hybrid mode of education-it has come a long way. This places the company among the top edtech platforms in India, worth around $2.8 billion as of 2024. PhysicsWallah currently operates several verticals: PW Skills, PW Offline Centers, and Vidyapeeth centers, competing with big edtech players such as BYJU'S, Vedantu, and Unacademy.

Alakh Pandey EducationNews AcademicGrowth PhysicsWallah IPO

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