PhysicsWallah IPO date: From price band and lot size to objectives, 10 key points to know

PhysicsWallah IPO: Edtech unicorn PhysicsWallah Ltd has set a price band of ₹103 to ₹109 per share for its initial public offering, which will hit the primary market on November 11. The issue will conclude on November 13. The bidding for anchor investors will take place on November 10.

As the IPO opens next week, here are key things to know: lot size, issue size, objectives and more.

PhysicsWallah IPO: 10 key points to know

• PhysicsWallah IPO subscription period: The initial share sale will be open from Tuesday, November 11, to Thursday, November 13.
• IPO offer structure: The ₹3,480 crore IPO is a mix of fresh issuance of shares totalling ₹3,100 crore and an offer for sale (OFS) of shares aggregating to ₹380 crore.
• Objectives: Under the OFS, promoters Prateek Boob and Prateek Boob are offloading their stake. The fresh issue proceeds will be used for fit-outs of new offline and hybrid centres, lease repayment of existing centres, investment in subsidiaries, expenditure towards server and cloud-related infrastructure costs, marketing initiatives, acquisition of additional shareholding in unit Utkarsh Classes & Edutech Pvt Ltd, funding inorganic growth via acquisitions and general corporate purposes.
• PhysicsWallah IPO price band: The price range has been set at ₹103 to ₹109 per share.
• Reservation: The company has reserved 75% of the net offer for qualified institutional buyers, 15% for non-institutional investors (NIIs) and 10% for retail investors.
• PhysicsWallah IPO lot size: Retail investors can apply for at least 137 shares and in multiples thereafter.
• Book-running lead managers: Kotak Mahindra Capital Company, Axis Capital, JP Morgan India Private Limited and Goldman Sachs (India) Securities Private Limited are the IPO's book-running lead managers.
• Registrar: MUFG Intime India Pvt Ltd is the registrar.
• PhysicsWallah IPO allotment date: The basis for the allotment is likely to be finalised on November 14.
• Listing date: The listing on the NSE and the BSE will take place on November 18.

PhysicsWallah IPO GMP

According to media reports and investorgain.com, PhysicsWallah's unlisted shares are trading at ₹118, reflecting a grey market premium of 8.26%, or ₹9, over the upper price band of ₹109.