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PhysicsWallah IPO to open Nov 11; SBICAPS names Bhuvaneshwari as MD & CEO

PhysicsWallah's Rs 3,480-crore IPO opens Nov 11, while SBICAP Securities appoints veteran banker Bhuvaneshwari A as managing director and CEO to lead its digital growth strategy

Bhuvaneshwari A, managing director and chief executive officer, SBICAP Securities

Before this role, Bhuvaneshwari served as chief general manager of SBI’s Thiruvananthapuram Circle, overseeing 1,200 branches and driving growth in retail credit and deposits.

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Physicswallah on Wednesday said it has filed a red herring prospectus (RHP) for its ₹3,480 crore initial public offering (IPO). It comprises fresh fundraising of ₹3,100 crore and an offer-for-sale of ₹380 crore by promoters, including Alakh Pandey and Prateek Boob.  The IPO is set to open on November 11 and close on November 13. According to the details in RHP, promoters Alakh Pandey and Prateek Boob hold a 40.31 per cent stake each in the company.  The top five shareholders include WestBridge AIF, Hornbill Capital Partners, GSV Ventures Fund, and Setu AIF Trust.
 
SBICAP Securities names Bhuvaneshwari A as MD & CEO 
 
SBICAP Securities, a subsidiary of State Bank of India, has appointed Bhuvaneshwari A as its managing director and chief executive officer, effective November 1, 2025. A career SBI professional with over 30 years of experience, she brings deep expertise in retail banking, wealth management, and digital transformation.
 
Before this role, Bhuvaneshwari served as chief general manager of SBI’s Thiruvananthapuram Circle, overseeing 1,200 branches and driving growth in retail credit and deposits.
 
Bhuvaneshwari said her focus will be on positioning SBICAP Securities as a digital-first, customer-centric investment services firm, while strengthening its technology platforms and expanding its product suite. She holds a postgraduate degree in public administration and is a Certified Associate of the Indian Institute of Bankers as well as a Certified Financial Planner. 
Orkla to make mkt debut today 
Orkla India, a multi-category food company, will make its trading debut on Thursday. The company’s ₹1,668 crore initial public offering (IPO) had garnered nearly 50x subscription.
 

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First Published: Nov 05 2025 | 3:59 PM IST

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