Edtech major Physicswallah's initial public offer will open on 11 November 2025, and the company has set a price band of ₹103 to ₹109 for its initial public offering (IPO).

At the upper end of the price band, the IPO will value the company at ₹31,169 crore. Notably, the company was last valued at $2.8 billion during its funding round in September 2024.

The anchor bidding for Physicswallah's public issue will take place on November 10 (Monday), while the issue will close on November 13. The shares are expected to list on the exchanges on November 18.

Existing investors like WestBridge Capital, Hornbill Capital, GSV Ventures and Lightspeed are not offloading stakes in the IPO. While Pandey and Boob currently hold 40.31 per cent stake each in the company, WestBridge has 6.40 per cent stake

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