Overview
- PW is seeking Rs 3,480 crore through a fresh issue of Rs 3,100 crore and an OFS of Rs 380 crore at a price band of Rs 103–109 per share, with subscriptions open November 11–13.
- Anchor investors were allotted 14.34 crore shares at Rs 109, raising about Rs 1,563 crore with bids nearing Rs 20,000 crore, led largely by domestic mutual funds alongside global managers.
- The latest grey‑market premium is about Rs 3, implying a trading level near Rs 112 and suggesting only modest listing gains, according to market observers.
- Think Investments bought roughly Rs 136 crore of shares in a pre‑IPO secondary deal at about Rs 127 per share, a premium to the issue’s upper band.
- Brokerages are split—SBI Securities and Angel One are neutral while Incred Equities recommends subscribing—as the company’s net loss has widened even as revenue has scaled across online and offline test‑prep operations.