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Edtech unicorn PhysicsWallah has raised Rs 1,562.85 crore from 57 anchor investors at the upper price band of Rs 109 per share, ahead of its initial public offering (IPO). The anchor book received bids worth nearly Rs 20,000 crore, an oversubscription of around 13 times.
According to the company’s filing with the stock exchanges, 14,33,80,733 equity shares were allotted to anchor investors at Rs 109 per share for the abovementioned amount. Out of the total anchor portion, 7.95 crore shares (55.48%) were allocated to 14 domestic mutual funds across…
