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Mutual funds secured more than half the allocation of PhysicsWallah Ltd. shares in the pre-IPO anchor round on Monday. The mainboard issue is set to open on Nov. 11.

The company raised Rs 1,560 crore from anchor investors. It allotted 14,33,80,733 shares at Rs 109 apiece to 57 entities.

A total of 14 mutual funds subscribed through 35 schemes, representing 55% of the anchor allocation. They include ICICI Prudential, Motilal Oswal, Tata Mutual Fund, Edelweiss, Aditya Birla Sun Life and Kotak Mutual Fund.

American investment management giant Capital Group secured 9.9% of the anchor book issue through affiliate Smallcap World Fund, Inc.

Goldman Sachs, Fidelity, Abu Dhabi Investment Council, and PineBridg

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