Overview
- Think Investments purchased 10,722,708 shares from 14 PhysicsWallah employees on November 4 for Rs 136.17 crore via Think India Opportunities Master Fund LP.
- The shares changed hands at Rs 127 each, which is higher than the company’s IPO price band of Rs 103–109 per share.
- PhysicsWallah’s Rs 3,480-crore IPO comprises a Rs 3,100-crore fresh issue and a Rs 380-crore offer for sale, with anchor allocation on November 10 and the public offer open November 11–13.
- The company’s filings say a large share of proceeds will expand offline and hybrid centres, including about Rs 460.6 crore for fit-outs and Rs 548.3 crore for lease payments.
- Promoters holding 80.62% are expected to own about 72% post-issue, and early investors are not selling in this offering.