PhysicsWallah seeks $3.5B valuation post IPO, sets price band at Rs 103–109 per share

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Edtech firm PhysicsWallah has fixed its IPO price band at Rs 103–109 per share, seeking a valuation exceeding Rs 31,500 crore ($3.5 billion).

The company’s Rs 3,480-crore public issue will open for subscription on November 11 and close on November 13, with anchor investors set to receive share allotments on November 10, according to its public announcement.

The IPO consists of a fresh issue of equity shares worth Rs 3,100 crore and an offer for sale (OFS) of shares aggregating up to Rs 380 crore by…



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PhysicsWallah seeks $3.5B valuation post IPO, sets price band at Rs 103–109 per share


Edtech firm PhysicsWallah has fixed its IPO price band at Rs 103–109 per share, seeking a valuation exceeding Rs 31,500 crore ($3.5 billion).

The company’s Rs 3,480-crore public issue will open for subscription on November 11 and close on November 13, with anchor investors set to receive share allotments on November 10, according to its public announcement.

The IPO consists of a fresh issue of equity shares worth Rs 3,100 crore and an offer for sale (OFS) of shares aggregating up to Rs 380 crore by…



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.

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