India, Nov. 6 -- Edtech major Physics Wallah (PW) has set a price band of INR 103 to INR 109 for its initial public offering (IPO), which is set to open on November 11 (Tuesday).

At the upper end of the price band, the IPO will value the company at INR 31,169 Cr (about $3.5 Bn). Notably, the company was last valued at $2.8 Bn during its funding round in September 2024

The anchor bidding for PW's public issue will take place on November 10 (Monday), while the issue will close on November 13. The shares are expected to list on the exchanges on November 18.

The IPO comprises a fresh issue of up to INR 3,100 Cr and an offer for sale (OFS) of up to INR 380 Cr. Cofounders and promoters Alakh Pandey and Prateek Boob (Maheshwari) have cut thei...