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Issue Open Date
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11-Nov-25
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Issue Closing Date
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13-Nov-25
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Application Money
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100
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Allotment Money
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Price Band
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103
-
109
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Minimium Application No.
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137
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Issue Size (Shares)
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186204143
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Market Lot
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1
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Objective
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The Offer comprises a Fresh Issue of 284,468,537* Equity Shares of face value of ?1 each, aggregating to ?31,000.00* million by our Company and an Offer for Sale of 34,862,384* Equity Shares of face value of ?1 each, aggregating to ? 3,800.00* million by the Promoter Selling Shareholders.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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50577669
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24424223
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0.482905271889853
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Qualified Institutional Buyers
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101155340
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273575848
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2.70451216910546
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Retail Individual Investors
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33718446
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35600272
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1.05580998602367
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Business Description
We have sought to cultivate our student community by offering quality education. We provide content usingengaging and tech-enabled pedagogy (which means teaching methodologies). Further, a large portion of ourmaterials and courses are available in an open access or free format on our 207 YouTube channels (as at June 30,2025), with an option for students to sign up for free or paid courses on our website or our mobile applications(“apps”). Among the top 5 test preparation companies in terms of revenue as of Fiscal 2024, Some of our paidtest preparation courses focusing on Joint Entrance Examinations (“JEE”, an entrance exam of engineeringcolleges in India), National Eligibility cum Entrance Test (“NEET”, an entrance test for medical colleges in India)and civil service examinations such as Union Public Service Commission (“UPSC”) examinations, have the mostaffordable prices in India as at July 2025 (see, “Industry Overview” on page 240, para 2). For example, our basiconline “Batches” for JEE and NEET (our flagship offering), which includes “Arjuna JEE 3.0 2025”, “Prayas JEE2025”, “Lakshya NEET 2025”, “Arjuna NEET 3.0 2025”, “Yakeen NEET Hindi 3.0 2025”, and “Lakshya JEE 2.0 2025”, each of which is a one-year batch, are offered at a price range of ?2,199 to ?4,800 per Batch. Openaccess to quality education content along with affordable pricing for our paid courses have helped us create brandaffinity among students and encourage them to organically become our paid users.
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Promoter's Holding
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Total Share Capital
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2102400000
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Offered to Public
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186204143
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Promoter's Holding (Pre-Issue)
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80.7
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Promoter's Holding (Post-Issue)
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72.3
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Address |
Plot No. B-8
Tower A
101-119
Noida One
Sector – 62
Gautam Buddha Nagar
Dadri
Noida,
Uttar Pradesh,
201309
Phone : 9289926531
Email : investorsrelation@pw.live
Website : www.pw.live
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Registrar |
MUFG Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
Axis Capital Ltd.
Goldman Sachs (India) Securities Pvt Ltd
JP Morgan India Pvt Ltd
Kotak Mahindra Capital Co Ltd
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Promoters |
Alakh Pandey
Prateek Boob
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