Kolkata: The bidding process for the Rs 3,480-crore PhysicsWallah IPO will start today (Nov 11) and will end on Nov 13. PhysicsWallah is the first major pure-play edtech company to offer a public issue in India. The company informed the bourses that it has been able to place 14.33 crore equity shares at an anchor investor offer price of Rs 109 per share, raising a total of Rs 1,562.85 crore.

The anchor investors of PhysicsWallah IPO witnessed participation from 57 funds, the list of which includes names such as Goldman Sachs, Fidelity, Templeton, ICICI Prudential Mutual Fund (MF), Kotak Mahindra MF, Nippon India MF, Aditya Birla Sun Life, Motilal Oswal MF, Tata MF and DSP MF.

PhysicsWallah IPO GMP

The level of enthusiasm among retail investors is nowhere close to what the anchor invest

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