PhysicsWallah Secures Rs 1,562.85 Crore from Anchor Investors Before IPO

PhysicsWallah has successfully garnered Rs 1,562.85 crore from 57 anchor investors at the maximum price point of Rs 109 per share, just prior to its initial public offering (IPO). The anchor book attracted bids amounting to nearly Rs 20,000 crore, translating to an oversubscription of approximately 13 times.

As noted in the company’s filing with the stock exchanges, 14,33,80,733 equity shares were allocated to anchor investors at Rs 109 each for the aforementioned total. Among the allocated shares, 7.95 crore (55.48%) were designated for 14 domestic mutual funds across 35 schemes, which collectively raised Rs 867 crore.

Notable Domestic Investors in Anchor Investment

Key domestic investors included major players such as ICICI Prudential MF, Kotak MF, Nippon MF, Aditya Birla Sun Life MF, DSP MF, Motilal Oswal MF, 360 ONE, Tata MF, Bharti AXA Life, Edelweiss MF, and Canara Robeco MF who took part in the anchor investment round.

Global Fund Participation

The investment round also garnered significant interest from international funds, with participation from Capital Research, Goldman Sachs Asset Management (GSAM), Fidelity, Franklin Templeton, PineBridge, Eastspring Investments, and White Oak Capital.

Additional Investment and IPO Details

Recently, Global investment firm Think Investments injected Rs 136 crore into PhysicsWallah (PW) via a secondary share transaction. This deal was completed at Rs 127 per share, indicating a 17% premium over the IPO’s upper price band of Rs 109.

PhysicsWallah is gearing up to launch its Rs 3,480 crore IPO on November 11, which consists of a fresh issue of Rs 3,100 crore and an offer-for-sale (OFS) of Rs 380 crore by co-founders Alakh Pandey and Prateek Boob. The share issue is priced between Rs 103 and Rs 109, valuing the company at more than Rs 31,500 crore at the upper threshold.

Financial Performance Overview

According to the Red Herring Prospectus (RHP), PhysicsWallah reported Rs 2,887 crore in operational revenue alongside a loss of Rs 243 crore during FY25. For the initial quarter of the current fiscal year (Q1 FY26), the company recorded revenue of Rs 847 crore, with losses amounting to Rs 127 crore in the same timeframe.