Description
Physicswallah Limited has allocated 14,33,80,733 equity shares to anchor investors at ₹109 per share, raising approximately ₹1,563 crores ahead of its IPO.
Summary
Physicswallah Limited announced the completion of anchor investor allocation for its initial public offering on November 10, 2025. The IPO Committee, in consultation with Book Running Lead Managers, allocated 14,33,80,733 equity shares (face value ₹1 each) to 28 anchor investors at ₹109 per share, raising approximately ₹1,563.24 crores. The anchor book witnessed participation from major domestic and international institutional investors.
Key Points
- Total anchor allocation: 14,33,80,733 equity shares
- Anchor investor offer price: ₹109 per equity share
- Face value: ₹1 per equity share
- Total funds raised from anchors: ₹1,563.24 crores (approximately)
- Number of anchor investors: 28 institutional investors
- Allocation finalized on November 10, 2025
- Major participants include ICICI Prudential, Kotak, Nippon India, Franklin Templeton, Goldman Sachs, Fidelity, and domestic mutual funds
Major Anchor Investors
Top Allocations:
- Smallcap World Fund, Inc - 1,41,98,132 shares (9.90%) - ₹154.76 crores
- Nippon Life India Trustee - Nippon India Small Cap Fund - 76,74,603 shares (5.35%) - ₹83.65 crores
- Templeton Global Investment - Emerging Markets Small Cap Fund - 73,17,444 shares (5.10%) - ₹79.76 crores
- Kotak ELSS Tax Saver Fund - 65,48,052 shares (4.57%) - ₹71.37 crores
- Kotak Small Cap Fund - 65,51,066 shares (4.57%) - ₹71.41 crores
Other Notable Participants:
- ICICI Prudential Flexicap Fund: ₹59.92 crores
- ICICI Prudential Technology Fund: ₹54.93 crores
- Goldman Sachs India Equity Portfolio: ₹22.73 crores
- Fidelity Funds - Pacific Fund: ₹32.99 crores
- Motilal Oswal Services Fund: ₹50.26 crores (partial data)
- Aditya Birla Sun Life funds (multiple schemes)
- Ashoka Whiteoak funds (multiple schemes)
- 360 One Flexicap Fund: ₹34.40 crores
Regulatory Changes
No regulatory changes announced. This is a standard anchor investor allocation disclosure as per SEBI IPO guidelines.
Compliance Requirements
- Companies undertaking IPOs must disclose anchor investor allocation details to stock exchanges
- Anchor allocation must be finalized one day before the issue opening for public subscription
- Lock-in period of 90 days applicable for anchor investors from the date of allotment
Important Dates
- November 10, 2025: IPO Committee meeting held and anchor allocation finalized
- Anchor investor offer price: ₹109 per share
Impact Assessment
Market Impact:
- High institutional interest: Strong participation from marquee domestic and international funds indicates confidence in the company
- Diverse investor base: Mix of technology-focused, small-cap, flexi-cap, and ELSS funds shows broad appeal
- Price discovery: Anchor price of ₹109 sets a reference point for retail and institutional portions of the IPO
Investor Significance:
- Presence of quality institutions like ICICI Prudential, Kotak, Nippon India, Franklin Templeton, Goldman Sachs, and Fidelity validates the business model
- International participation (Smallcap World Fund, Franklin Templeton global funds, Fidelity Pacific) suggests global investor appetite
- Oversubscription in anchor book (typical for successful IPOs) likely signals strong demand in main issue
Company Profile:
- Physicswallah Limited (formerly Physicswallah Private Limited)
- CIN: U80900UP2020PLC129223
- Address: Plot No. B-8, Tower A 101-119, Noida One, Sector 62, Gautam Buddha Nagar, Uttar Pradesh - 201309
- Sector: Education/EdTech
- Website: www.pw.live
Impact Justification
Major IPO anchor allocation of ₹1,563 crores involving prominent institutional investors, signaling strong institutional interest in the public issue