The mainboard IPO will remain open for subscription from November 11 to November 13 . (Image: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Delhi-based leading ed-tech company PhysicsWallah Ltd. will launch its initial public offering (IPO) today, on Tuesday, November 11.

The company will raise up to Rs 3,100 crore through a fresh issue, and co-founders Alakh Pandey and Prateek Maheshwari will sell equity worth Rs 380 crore via an offer-for-sale. Both founders own over 80% stake in PhysicsWallah.

Mutual funds secured more than half the allocation of PhysicsWallah Ltd. shares in the pre-IPO anchor round on Monday. A total of 14 mutual funds subscribed through 35 schemes, representing 55% of the anchor allocation. They include ICICI Prudential, Motilal Osw

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