PhysicsWallah IPO Listing Confirmed: Shares to Debut on November 18 Amidst Investor Anticipation

PhysicsWallah's Initial Public Offering (IPO) worth Rs 3,480.71 crore is slated for listing on the stock exchanges on November 18. The IPO's share allotment was finalized on November 14, following a bidding period from November 11 to November 13. The issue comprised fresh shares totaling Rs 3,100.71 crore and an offer for sale of Rs 380 crore. Investors could participate within a price band of Rs 103 to Rs 109 per equity share. A reservation of up to 7 lakh shares was made for employees at a discount of Rs 10 to the issue price. Kotak Mahindra Capital Company served as the book manager, and MUFG Intime India acted as the registrar.

PhysicsWallah is a prominent edtech company providing preparation courses for competitive exams such as JEE, NEET, and UPSC, alongside upskilling courses in areas like Data Science, Analytics, Banking, and Software Development.

Impact

Rating: 7/10

The listing date marks a significant event for investors who subscribed to the IPO, with expectations of potential listing gains. The performance on debut will also influence sentiment towards the broader edtech sector in India. The company aims to leverage the IPO proceeds for growth and expansion.

Difficult terms:

• Initial Public Offering (IPO): The process by which a private company offers its shares to the public for the first time, becoming a publicly traded company.
• Stock Exchanges: Markets where securities like stocks and bonds are bought and sold, such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India.
• Allotment: The process of distributing shares to investors who applied for an IPO, based on demand and subscription levels.
• Bidding: The process where investors indicate their interest and the price they are willing to pay for shares during an IPO.
• Fresh Shares: New shares issued by the company that raise capital for the company.
• Offer for Sale (OFS): Existing shareholders sell their shares to new investors, and the proceeds go to the selling shareholders, not the company.
• Price Band: The range within which investors can place their bids for shares during an IPO.
• Equity Share: A unit of ownership in a company that represents a claim on its assets and earnings.
• Reservation: A specific portion of the IPO reserved for certain categories of investors, like employees.
• Discount: A lower price offered on shares, typically for a specific group like employees.
• Book Manager: An investment bank that manages the IPO process, including underwriting and marketing.
• Registrar: An entity responsible for maintaining the record of shareholders and managing the share allocation process.
• Edtech: Short for Education Technology, referring to companies that provide educational services or products using technology.
• Competitive Examinations: Tests conducted to select candidates for admission to educational institutions or for recruitment to jobs.
• Upskilling Courses: Educational programs designed to enhance an existing skill set or learn new skills relevant to career advancement.