Anchor’s strong response comes a day before Physixwala opens its three-day IPO, with bids closing on Thursday, November 13. In this offer, existing shareholders will receive Rs. 3,100 crore new issue and Rs. 380 crore includes an offer for sale (OFS).
Of the total anchor allocation, 7.95 crore shares were allotted to 14 domestic mutual funds, accounting for 55.5% of the total anchor book, through 35 different schemes. Local institutional participants include ICICI Prudential MF, Kotak MF, Nippon MF, Aditya Birla Sun Life MF, DSP MF, 360 ONE, Motilal Oswal MF, Tata MF, Bharti AXA MF, Edelweiss MF, and Canara Robeco MF, among others.
Anchor Book also received significant interest from global institutional investors including Capital Research, Goldman Sachs Asset Management (GSAM), Fidelity, Franklin Templeton Global, EastSpring Investments, PineBridge and White Oak Capital.
per share Rs. At an issue price of 109, the edtech company’s pre-IPO valuation is Rs. 31,500 crores, making it one of the largest lists in India’s education technology sector.
The company’s hybrid learning model — combining offline coaching centers with its huge online user base of 13.7 million YouTube subscribers and 4.46 million paid users — has helped it sustain profitability and expand reach in Tier-II and Tier-III cities.
In FY25, the company compared the previous year’s Rs. 1,131 crore against a loss of 51% in revenue to Rs. 3,039 crore and Rs. 243 crore net profit recorded a sharp turnaround.
Global investment firm Think Investments earlier this year raised Rs. 127 in the pre-IPO round by buying shares at Rs. 136 crore was invested.
IPO details
per share Rs. 103-Rs. 109 for eligible employees under the reserved quota in the public issue with a price band of Rs. 10 per share inclusive of discount. Investors can bid for a minimum of 137 shares and multiples thereof.
Proceeds from the fresh issue will be used for expansion of offline and hybrid centers, lease and marketing expenses, server and cloud infrastructure upgrades and potential strategic acquisitions.
Kotak Mahindra Capital Company, JP Morgan India, Goldman Sachs India Securities and Axis Capital are the book-running lead managers to the issue, while MUFG Intime India is the registrar.
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