PhysicsWallah lists at Rs 145 with 33% premium on stock exchange

Share via:


Edtech unicorn PhysicsWallah made a stronger-than-expected public market debut on Tuesday, listing at Rs 145 per share on the NSE, a 33% premium over its issue price of Rs 109. On the BSE, the stock opened marginally lower at Rs 143.

PhysicsWallah’s IPO, which was open for subscription between November 11–13, had a price band of Rs 103–109 with a minimum investment size of Rs 14,111. 

The Rs 3,480 crore issue consisted of a Rs 3,100 crore fresh issue and an OFS of Rs 380 crore. The offer saw a modest response with overall subscription at 1.8X,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

PhysicsWallah lists at Rs 145 with 33% premium on stock exchange


Edtech unicorn PhysicsWallah made a stronger-than-expected public market debut on Tuesday, listing at Rs 145 per share on the NSE, a 33% premium over its issue price of Rs 109. On the BSE, the stock opened marginally lower at Rs 143.

PhysicsWallah’s IPO, which was open for subscription between November 11–13, had a price band of Rs 103–109 with a minimum investment size of Rs 14,111. 

The Rs 3,480 crore issue consisted of a Rs 3,100 crore fresh issue and an OFS of Rs 380 crore. The offer saw a modest response with overall subscription at 1.8X,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Decentralized Identity in 2025 and the Next Phase of...

For years, Ethereum co-founder Vitalik Buterin has advocated...

Apple’s Tim Cook doubles Nike stake, endorses CEO Hill’s...

Apple chief Tim Cook bought shares worth about...

iPhone 18 Pro camera sensors look set to be...

At least some of the camera sensors for...

Popular