Overview
- PW will raise Rs 3,480 crore, including a Rs 3,100 crore fresh issue and a Rs 380 crore offer for sale, with subscription slated for Nov. 11–13 and a tentative listing on Nov. 18.
- Promoters Alakh Pandey and Prateek Boob will each sell Rs 190 crore of shares as the OFS was cut from an earlier plan of about Rs 720 crore.
- The company earmarks Rs 460.5 crore for new offline and hybrid centre fit-outs, Rs 548.3 crore for lease payments, around Rs 710 crore for marketing, and about Rs 200 crore for server and cloud infrastructure.
- RHP disclosures show FY25 operating revenue up about 49% to Rs 2,886.6 crore with net loss narrowing to roughly Rs 243 crore, but Q1 FY26 net loss widened to about Rs 125–127 crore even as revenue rose.
- Grey-market indications point to a modest premium of roughly Rs 7–9 per share ahead of the launch, a sentiment signal that does not guarantee listing gains.