Overview
- The Rs 3,480 crore issue drew bids for 20.85 crore shares versus 18.62 crore on offer, or 1.12 times subscription, per NSE data on the final day.
- Qualified institutional buyers ended at 1.63 times, retail at 0.86 times, and non‑institutional investors at 0.25 times, after tepid early interest.
- The offer comprised a Rs 3,100 crore fresh issue and a Rs 380 crore OFS in a price band of Rs 103–109, with allotment due Nov 14 and listing slated for Nov 18 on BSE and NSE.
- Grey‑market premium cooled to low single digits (roughly Rs 0–3 in recent updates), signaling limited listing gains.
- PhysicsWallah raised Rs 1,562.85 crore from 57 anchor investors at Rs 109, and plans to deploy proceeds toward marketing (Rs 710 crore), lease payments (Rs 548 crore), new‑center fit‑outs (Rs 460 crore) and an investment in subsidiary Xylem Learning (Rs 471 crore).