Indian ed-tech platform PhysicsWallah sets IPO price band, eyes $3.19 billion valuation


People talk inside the National Stock Exchange (NSE) in Mumbai, India, August 14, 2025. REUTERS/Francis Mascarenhas

(Reuters) -Indian education technology platform PhysicsWallah set a price band of 103-109 rupees per share for its initial public offering, targeting a valuation of 280.73 billion rupees ($3.19 billion) at the upper end, according to Reuters calculations.

PhysicsWallah, whose backers include WestBridge and Hornbill Capital, will launch its IPO for a three-day bidding for retail investors on November 11, it said in a newspaper advertisement on Thursday.

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