News on Medial

Related News

PhysicsWallah eyes $3.2 Bn valuation; price band set at Rs 103–Rs 109

EntrackrEntrackr · 4m ago
PhysicsWallah eyes $3.2 Bn valuation; price band set at Rs 103–Rs 109
Medial

PhysicsWallah eyes $3.2 Bn valuation; price band set at Rs 103–Rs 109 Edtech unicorn PhysicsWallah has announced the price band for its upcoming Rs 3,480 crore initial public offering (IPO) at Rs 103–Rs 109 per share, valuing the company at around Rs 28,426 crore ($3.2 billion) at the upper end. The issue will open for public subscription on November 11 and close on November 13, with the anchor book opening a day earlier on November 10. The IPO comprises a fresh issue of shares worth Rs 3,100 crore and an offer-for-sale (OFS) of Rs 380 crore by existing shareholders. In a notable move, co-founders Alakh Pandey and Prateek Maheshwari have reduced their OFS component, signalling a long-term commitment to the company’s growth. As per the RHP, the fresh capital will be deployed towards expanding PW’s offline network, strengthening its technology infrastructure, and supporting strategic acquisitions in test prep and skilling segments. Founded in 2020, PhysicsWallah has emerged as a rare profitable player in India’s edtech ecosystem, which has largely been under pressure following the sector’s funding slowdown. The company runs over 500 offline centres under its ‘PW Vidyapeeth’ and ‘Pathshala’ brands, and claims to serve over one crore monthly active users across its digital platforms. According to its financials, PhysicsWallah reported Rs 2,887 crore in operating revenue and Rs 243 crore in loss during FY25. Meanwhile for the first quarter of ongoing fiscal year (Q1 FY26), the firm reported a revenue of Rs 847 crore while its losses stood at Rs 127 crore in the same period. The IPO will test investor appetite for new-age education firms after a lull in the space. If it sails through successfully, PhysicsWallah could pave the way for peers like Unacademy and Vedantu to explore public listings. For now, all eyes will be on how public markets price India’s most-watched edtech story, one that’s attempting to balance scale, sustainability, and investor confidence.

NSE appoints 20 bankers, 8 law firms for long-awaited IPO

EntrackrEntrackr · 7d ago
NSE appoints 20 bankers, 8 law firms for long-awaited IPO
Medial

The National Stock Exchange of India (NSE) has appointed a consortium of investment bankers and legal advisors for its long-awaited initial public offering (IPO). The exchange has empaneled 20 merchant bankers and eight law firms to advise on the proposed public issue. This is the highest number of book-running managers appointed by an IPO-bound firm in the history of Dalal Street. Among the investment banks appointed are Kotak Mahindra Capital, ICICI Securities, Axis Capital, JM Financial, IIFL Capital Services, SBI Capital Markets, Avendus Capital, and Nuvama Wealth Management. Global banks such as Morgan Stanley India, Citigroup Global Markets India, and J.P. Morgan India are also part of the advisory group. On the legal side, NSE has appointed leading law firms including Cyril Amarchand Mangaldas, Shardul Amarchand Mangaldas, AZB & Partners, Khaitan & Co, Trilegal, and S&R Associates, along with international firms such as Latham & Watkins and Sidley Austin. The IPO is expected to be structured largely as an offer for sale (OFS), allowing existing shareholders to partially offload their holdings rather than raising fresh capital for the exchange. As of February 2026, the exchange has around 25 crore trading accounts and 12.7 crore unique customers. Financially, NSE remains one of the most profitable market infrastructure institutions in India. The exchange reported 17% year-on-year growth in consolidated revenue to Rs 19,177 crore in FY25, while its net profit surged to Rs 12,188 crore during the same period. With the appointment of advisors now underway, the exchange appears to be reviving its long-pending listing plans, setting the stage for what could become one of the most closely watched IPOs in India’s capital markets.

Download the medial app to read full posts, comements and news.