PhysicsWallah IPO, Nov. 10 -- Edtech company PhysicsWallah is all set to launch its initial public offering (IPO) on Tuesday, November 11. The Rs.3,480 crore book build issue combines a fresh issue of 28.44 crore shares for Rs.3,100 crore and an offer for sale (OFS) of 3.49 crore shares for Rs.380 crore. Alakh Pandey and Prateek Boob are the two promoters selling shareholders in the OFS.

The IPO is coming at a time when stock market sentiment is improving, but investors are turning cautious about loss-making startups, especially in the edtech space, after Byju's collapse. The grey market premium (GMP) of Physicswallah stock has halved to Rs.4 as of November 10 from its highest GMP of Rs.9 a few days ago.

According to grey market sources...