Physicswallah Ltd - IPO

Physicswallah Ltd IPO Details

Initial public offering of 319,330,921 equity shares of face value of Re. 1/- each (equity shares) of Physicswallah Limited (the company or the issuer) for cash at a price of Rs. 109^per equity share including a securities premium of Rs. 108^ per equity share (the offer price) aggregating to Rs. 3480.00 crores (the offer). The offer comprises a fresh issue of 284,468,537 equity shares of face value of Re.1/- by the company aggregating to Rs. 3100.00 crores (fresh issue) and an offer for sale of 34,862,384 equity shares of face value of Rs. 1/- each aggregating to Rs. 380.00 crores (offer for sale) comprising an offer for sale of 17,431,192 equity shares of face value of Re.1/- each aggregating to Rs. 190.00 crores by Alakh Pandey and 17,431,192 equity shares of face value of Re. 1/- each aggregating to Rs. 190.00 crores by Prateek Boob (promoter selling shareholders together with the such equity shares, the offered shares).

Objective of issue

Capital expenditure for fit-outs of new offline and hybrid centers of the Company. Expenditure towards lease payments of existing identified offline and hybrid centers operated by its Company. Investment in our Subsidiary, Xylem Learning Private Limited for expenditure towards. Investment in the company Subsidiary, Utkarsh Classes & Edutech Private Limited for expenditure towards lease payments for Utkarsh Classes' existing identified offline centers. Expenditure towards server and cloud related infrastructure costs. Expenditure towards marketing initiatives. Acquisition of additional shareholding in the company Subsidiary, Utkarsh Classes & Edutech Private Limited. General corporate purposes.

Physicswallah Ltd Contact Details

Physicswallah Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - investorsrelation@pw.live

Website - www.pw.live