Global investment firm Think Investments has invested ₹136 crore in edtech company PhysicsWallah (PW) through a secondary share transaction, signaling strong investor confidence ahead of the company’s upcoming initial public offering (IPO).
The shares were acquired at ₹127 per share, representing a 17% premium over the IPO’s upper price band of ₹109 per share.
According to reports, Think Investments purchased 1.07 crore shares, translating to a 0.37% stake in PhysicsWallah. None of the company’s founders participated in the secondary transaction.
Rising Investor Interest Through ESOP Transactions
Between January and July 2025, PhysicsWallah saw heightened investor activity through employee stock ownership plan (ESOP) liquidations, facilitated by Funds India, a subsidiary of WestBridge Capital.
During this period, shares changed hands in the ₹127–₹137 per share range, attracting multiple family offices that collectively invested around ₹100 crore. The consistent demand for PW shares underscores continued investor interest in the fast-growing edtech platform.
PhysicsWallah IPO Overview
PhysicsWallah is preparing to launch its ₹3,480 crore IPO on November 11, which will include a fresh issue worth ₹3,100 crore and an offer-for-sale (OFS) of ₹380 crore by co-founders Alakh Pandey and Prateek Boob.
The IPO price band is set between ₹103 and ₹109 per share, valuing the company at over ₹31,500 crore at the upper end. The anchor book is scheduled to open on November 10, with the issue closing on November 13.
Post-Listing Shareholding and Fund Utilisation
Following the public issue, promoter shareholding in PhysicsWallah is projected to decline from 80.62% to about 72%, while early investors will maintain their existing stakes.
Funds raised from the fresh issue will be directed toward business expansion, operational strengthening, and strategic growth initiatives as the company continues its transition from a YouTube-based education startup to one of India’s leading edtech enterprises.
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