PhysicsWallah, an education technology platform, has announced its IPO price band at Rs 103–109 per share, with a total issue size of Rs 3,480 crore. The offering will open to the public on 11 November and close on 13 November.

Both founders, Alakh Pandey and Prateek Boob, each hold a 40.31% stake, representing 105.12 crore shares, which is valued at Rs 11,458 crore at the upper price band. Both of them are set to join billionaire's club, considering their stake in the ed-tech player. Advertisement

The IPO consists of a fresh issue of Rs 3,100 crore and an offer for sale amounting to Rs 380 crore. The company’s draft red herring prospectus (DRHP) highlights that both founders acquired their holdings at a negligible cost. Following a 35:1 bonus share allotment in March 2025, their indivi

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