Latest Updates Around The World
Newly listed edtech player PhysicsWallah reported 62% year-on-year (year-on-year) growth in its consolidated net profit of Rs 72.3 crore in the second quarter. The same stood at Rs 44.5 crore in the same quarter last year. Revenue from operations in the reporting quarter rose 26% year-on-year to Rs 1,051 crore.From FY23-FY25, Physics Wallah reported strong […]
Did PhysicsWallah shares end lower or higher on Thursday? It depends on which exchange you are looking at. In a rare and confusing trading anomaly, the newly listed edtech company ended the session with widely divergent closing prices on the two major stock exchanges, BSE and NSE, in a unique event that capped a volatile […]
A week of heady quotes met a harsh dose of reality on Wednesday as three of Dalal Street’s most watched newcomers, PhysicsWallah, Lenskart and Groww, fell sharply to 10% in volatile trading. The pullback, driven by profit-taking and a dramatic short-seller boom in Groww, forced investors to reassess how much heat these newly listed stocks […]
Edtech major PhysicsWallah has mobilized Rs 1,563 crore from 57 anchor investors ahead of its Rs 3,480 crore IPO, which opens for public subscription on Tuesday. The company allotted 14.33 crore shares at the top end of the price band of Rs 109 per share, according to data filed with the BSE.The strong anchor reaction […]
The primary market remains a red-hot one, with five IPOs, three in the mainboard and two in the SME segment, opening for subscription between November 11 and 14. Together, these offerings aim to raise more than Rs 10,000 crore, spanning sectors from education and clean energy to automotive technology and pharmaceuticals. Motherboard IPOs 1) PhysicsWallah […]
Global investment firm Think Investments has invested a little over Rs 136 crore in Edtech Unicorn PhysicsWallah as part of a pre-IPO funding round. The new infusion comes as the company gears up for its upcoming initial public offering (IPO) next week. As part of the transaction, Think Investments bought 1.07 crore shares, amounting to […]
Mumbai: The Indian market regulator speeds up the approvals of initial public offers (IPOs) and encourages an already strong pipeline of stock sales that could reach a record this year, according to sources for legal and investment banking. The Securities and Exchange Board of India (Sebi) will try to approve a majority of the IPOs […]
