Strong Demand Drives 13x Oversubscription in Anchor Book Edtech unicorn PhysicsWallah (PW) has raised ₹1,562.85 crore from 57 anchor investors at the upper price band of ₹109 per share, ahead of its much-anticipated ₹3,480 crore initial public offering (IPO). The anchor book attracted bids worth nearly ₹20,000 crore, signaling an oversubscription of around 13 times. As per the company’s exchange filing, 14,33,80,733 equity shares were allotted to anchor investors at ₹109 per share. Of this, 7.95 crore shares (55.48%) were allocated to 14 domestic mutual funds across 35 schemes, contributing a total of ₹867 crore. Top Domestic and Global Investors…
Author: Aman Atulya
New Accelerator Program Targets Proptech and Construction Tech Innovation India Accelerator (IA), a multistage fund-led accelerator, has partnered with V S Fortune to launch LeapFWD, a sector-specific accelerator program aimed at identifying, mentoring, and scaling high-potential startups in the proptech and construction technology sectors. The initiative is designed to bridge the innovation-to-adoption gap by supporting ten startups building solutions that combine technology, sustainability, and operational efficiency within the construction and real estate industries. Funding Pool and Program Structure The four-month program will provide participants with structured mentorship, business development access, and a joint funding pool of ₹100–150 crore, supported by…
India’s digital public infrastructure has moved far beyond UPI and Aadhaar. Today, government-backed platforms are not just digitizing services they’re empowering citizens to learn, earn, and grow financially. From skill-building and side income to secure investments, these five government Platforms are redefining what financial empowerment means for India’s digital generation. 1. Skill India Digital — Learn, Earn, and Get Certified Skill India Digital is the government’s skill acceleration engine. It offers free courses in AI, finance, marketing, and coding, all aligned with industry standards. Every course comes with verified certificates and a digital resume to boost employability.The best part? Learners…
Bengaluru-based SaaS startup Capillary Technologies is set to open its initial public offering (IPO) on November 14, with the issue closing on November 18, as per the company’s revised regulatory filings. The firm has also trimmed the overall size of its public offer compared to earlier plans. Capillary now aims to raise ₹345 crore through a fresh issue, down from the previously proposed ₹430 crore. The offer-for-sale (OFS) component has also been reduced to 92.2 lakh shares, nearly half of the 1.83 crore shares outlined in its draft prospectus. The equity shares will be listed on both the BSE and…
Bastian, India’s leading name in luxury dining and nightlife, is set to elevate the country’s entertainment scene by hosting the Zamna Sound System a globally renowned electronic music experience from Tulum, Mexico. The exclusive three-city tour will light up Bastian Bengaluru on November 14, Bastian Pune on November 15, and Bastian Mumbai on November 16, marking three nights of immersive music, global energy, and unmatched Bastian flair. Redefining Luxury Nightlife in IndiaKnown for its impeccable curation and cosmopolitan vibe, Bastian has become synonymous with blending fine dining, music, and culture into one seamless experience. With the Zamna Sound System tour,…
Eyewear retailer Lenskart made a subdued debut on the Indian stock exchanges today, with its shares listing below the issue price despite robust investor demand during the IPO. The stock opened at ₹395 on the NSE, a 1.7% discount to its issue price of ₹402 per share, and at ₹390 on the BSE, marking a 3% decline on debut. The company’s ₹7,278 crore initial public offering, which was subscribed nearly 28 times, had attracted strong participation from both institutional and retail investors. However, the market response on listing day did not mirror that enthusiasm. Early Volatility and Partial Recovery In…
InCred Holdings Limited, the parent company of InCred Financial Services, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) through the confidential pre-filing route, according to sources aware of the matter. The company plans to raise funds through a combination of fresh issue and offer for sale, marking a key step toward its entry into India’s capital markets. Proceeds to Strengthen Core Lending Operations The proposed public issue will include a fresh issue of ₹1,500 crore, while the remaining portion will consist of an offer for sale by existing shareholders. The funds…
New CFO Begins December 1 with Over Two Decades of Experience Online fashion retailer Myntra has appointed Kannan Ganesan as its new Chief Financial Officer, effective December 1, according to people familiar with the matter. Ganesan brings more than 20 years of leadership in finance roles across the consumer goods and e-commerce industries, known for navigating complex, fast-moving businesses with strategic rigor. Outgoing CFO Abhishek Gupta Pursues New Opportunities The move follows the decision by the current CFO, Abhishek Gupta, who has completed four years at Myntra and seven years within the broader Flipkart Group. Gupta will depart to pursue…
Pfizer Outbids Novo Nordisk in Fierce Takeover Battle In a major strategic move to re-enter the booming obesity drug market, Pfizer Inc. has agreed to acquire Metsera Inc., a next-generation weight-loss drug developer, in a deal valued at $10 billion. The acquisition follows a competitive bidding war with rival pharmaceutical giant Novo Nordisk A/S, which has dominated the global obesity treatment segment with its GLP-1-based therapies. While the transaction is yet to be formally completed, the agreement positions Pfizer as the likely winner of the high-stakes race, according to Bloomberg. Deal Structure and Shareholder Approval Under the terms of the…
SaaS-based enrolment automation platform NoPaperForms has filed preliminary papers with the Securities and Exchange Board of India (SEBI) via the confidential pre-filing route to raise funds through an initial public offering (IPO). The company announced that it has submitted the pre-filed draft red herring prospectus (DRHP) with SEBI and the stock exchanges, paving the way for a potential listing on India’s main boards. The confidential filing route allows companies to keep IPO details private during the early stages of the process. Building India’s End-to-End Enrolment Platform Founded in 2017 by Naveen Goyal, NoPaperForms is backed by Info Edge, one of…