PhysicsWallah IPO Day 1 Highlights: Check Key Details, GMP, Analyst Views And Subscription
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PhysicsWallah IPO Day 1 Highlights
The PhysicsWallah IPO was been subscribed 7% on Day 1 on Tuesday.
Qualified Institutional Buyers (QIBs): 0 times.
Non-Institutional Investors (NIIS): 0.02 times or 2%.
Retail Individual Investors: 0.33 times or 33%.
Employee Reserved: 1.11 times
The IPO's GMP was at Rs 1.5, as of 4:53 p.m. on Nov. 11.
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PhysicsWallah IPO Day 1 Live Updates: Subscription Status
The PhysicsWallah IPO has been subscribed 6% as of 3:24 p.m. on Tuesday.
Qualified Institutional Buyers (QIBs): 0 times.
Non-Institutional Investors (NIIS): 0.02 times or 2%.
Retail Individual Investors: 0.29 times or 29%.
Employee Reserved: 0.96 times or 96%.
PhysicsWallah IPO Day 1 Live Updates: SWOT Analysis
Strength
Cost competitive products.
Post IPO promoters hold 72% stake in co.
Strong multi-channel presence.
Weakness
No exposure in South India.
Concentrated revenue from offline centres.
Opportunity
Bigger addressable market.
More competitive and skill-based training modules can be added.
Global expansion in future.
Threat
Local regional players competition.
Change in technology, AI.
Churn of educational trainers.
PhysicsWallah IPO Day 1 Live Updates: Edtech Unicorn Bets Big On Offline Expansion
PhysicsWallah, which remains bullish on the online medium of education, is also betting big on its offline expansion by opening new learning centres in cities where demand is high, its co-founder and CEO Alakh Pandey said.
Explaining the strategy, Pandey said the company is following a hyperlocal approach, setting up city-level hubs and learning centres in regions where it currently lacks a direct presence.
This move will allow students to access PhysicsWallah's services in their own hometowns, reducing the need to migrate to larger cities for quality coaching, he added.
PhysicsWallah IPO Day 1 Live Updates: Mutual Funds Acquires Stake
A total of 14 mutual funds subscribed through 35 schemes, representing 55% of the anchor allocation. They include ICICI Prudential, Motilal Oswal, Tata Mutual Fund, Edelweiss, Aditya Birla Sun Life and Kotak Mutual Fund.
American investment management giant Capital Group secured 9.9% of the anchor book issue through affiliate Smallcap World Fund, Inc.
Goldman Sachs, Fidelity, Abu Dhabi Investment Council, and PineBridge Investments LLC are the marquee foreign investors in the pre-IPO fundraise.
