Anchor investor backs PhysicsWallah with Rs 136 Cr at 17% premium ahead of IPO

Global investment firm Think Investments has infused Rs 136 crore into PhysicsWallah (PW) through a secondary share transaction, underscoring strong investor confidence in the edtech firm ahead of its upcoming public listing. 

The deal was executed at Rs 127 per share, a 17% premium over the IPO’s upper price band of Rs 109.

As part of the transaction, Think Investments picked up 1.07 crore shares, translating to a 0.37% stake in the company, according to a PTI report. Notably, none of the founders participated in the secondary sale, signaling their…