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PhysicsWallah raises ₹1,563 crore from anchor investors ahead of ₹3,480 crore IPO launch
PhysicsWallah raised ₹1,563 crore from anchors before its ₹3,480 crore IPO, reflecting strong institutional appetite for India’s profitable edtech sector.
Edtech unicorn PhysicsWallah collected ₹1,563 crore from anchor investors before its ₹3,480 crore initial public offering scheduled to open November 11. Anchor participants included major domestic mutual funds and sovereign institutions. The company plans to use proceeds for content development, technology expansion, and debt repayment. Its IPO comprises ₹3,100 crore fresh equity issuance and an offer for sale by existing stakeholders.
Market observers highlight strong subscription prospects driven by the firm’s profitability record and deep online-learning penetration across Tier-2 and Tier-3 markets in India’s fast-growing education sector.