Overview
- Think Investments purchased 10,722,708 PhysicsWallah shares from 14 employees for Rs 136.17 crore at Rs 127 each, executed on November 4 under a November 3 agreement.
- The deal price is 17% above the IPO’s upper band of Rs 109 per share, indicating robust pre-listing interest.
- PhysicsWallah’s Rs 3,480 crore IPO opens on November 11 with a Rs 103–109 band, comprising a Rs 3,100 crore fresh issue and a Rs 380 crore OFS; anchor allocation is November 10 and the offer closes November 13.
- Most fresh proceeds are earmarked for offline growth, including Rs 460.6 crore for fit-outs and Rs 548.3 crore for lease payments for offline and hybrid centres.
- Promoter ownership of 80.62% is expected to fall to roughly 72% post-issue with no early investors selling, while Q1 FY26 operating revenue was Rs 847 crore and net loss was Rs 125.5 crore.