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PhysicsWallah IPO: Issue off to slow start on Day 2; retail investors show early interest – The Times of India

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PhysicsWallah IPO: Issue off to slow start on Day 2; retail investors show early interest – The Times of India


The initial public offering (IPO) of edtech unicorn PhysicsWallah drew a muted response on the second day of bidding, with only 10% subscription recorded so far. The Rs 3,480-crore IPO, which opened earlier this week, will close for bidding on November 13.According to data available on the National Stock Exchange (NSE) till 11:30 am on Wednesday, investors placed bids for 1,83,06,625 shares against the total issue size of 18,62,04,143 shares. The retail individual investors (RII) portion was subscribed 46%, while non-institutional investors (NII) subscribed 4%. The qualified institutional buyers (QIB) segment, however, saw no participation for the second consecutive day, as per news agency PTI.Before the issue opened to the public, PhysicsWallah raised Rs 1,563 crore from anchor investors on Monday, the company said. This IPO marks a significant milestone as the first major pure-play edtech company to seek a stock market listing in India.The company has set a price band of Rs 103-109 per share, valuing it at over Rs 31,500 crore at the upper end. The issue consists of a fresh share sale worth Rs 3,100 crore and an Offer for Sale (OFS) of up to Rs 380 crore by the promoters.Both Alakh Pandey and Prateek Boob, the company’s co-founders, will each sell shares worth Rs 190 crore through the OFS. They currently hold 40.31% stake each in the Noida-based edtech firm.PhysicsWallah had filed its draft documents with Sebi in March under the confidential pre-filing route and obtained the regulator’s nod in July. The company later submitted its updated Draft Red Herring Prospectus (DRHP) in September, followed by the RHP. The confidential filing method allowed the startup to keep key IPO details undisclosed until advanced stages of the process.The company said that funds raised through the IPO will be used to support expansion and growth initiatives. PhysicsWallah provides test preparation courses for competitive exams like JEE, NEET, GATE, and UPSC, along with various upskilling programmes. Its content is offered through YouTube, its website, mobile apps and a mix of offline and hybrid learning centres.The edtech firm, backed by WestBridge Capital, Hornbill, and GSV Ventures, reduced its losses to Rs 243 crore in the financial year ended March 2025, down from Rs 1,131 crore a year earlier. Its revenue increased to Rs 2,887 crore from Rs 1,941 crore during the same period, according to PTI.PhysicsWallah’s shares are scheduled to debut on the stock exchanges on November 18.





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Without Rera data, real estate reform risks losing credibility: Homebuyers’ body – The Times of India

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Without Rera data, real estate reform risks losing credibility: Homebuyers’ body – The Times of India


New Delhi: More than 75% of state real estate regulators, Reras, have either never published annual reports, discontinued their publication or not updated them despite statutory obligation and directions from the housing and urban affairs ministry, claimed homebuyers’ body FPCE on Friday. It released status report of 21 Reras as of Feb 13.The availability of updated annual reports is crucial as these contain details of data on performance of Reras, including project completion status categorised by timely completion, completion with extensions, and incomplete projects. The ministry’s format for publishing these reports also specifies providing details such as actual execution status of refund, possession and compensation orders as well as recovery warrant execution details with values and list of defaulting builders.FPCE said annual report data is not only vital for homebuyers to assess system credibility, but is equally necessary for both state and central govts to frame effective policies, design incentivisation schemes, and develop tax policy frameworks.“Unless we have credible data proving that after Rera the real estate sector has improved in terms of delivery, fairness, and keeping its promises, we are merely firing in the air,” said FPCE president Abhay Upadhyay, who is also a member of the govt’s Central Advisory Council on Rera.As per details shared by the entity, seven states — Karnataka, Tamil Nadu, West Bengal, Andhra Pradesh, Himachal Pradesh and Goa — have never published a single annual report since Rera’s implementation, and nine states, including Maharashtra, Uttar Pradesh and Telangana, which initially published reports, have discontinued the practice.Upadhyay said when regulators themselves don’t follow the law, they lose the legal right to demand compliance from other stakeholders. “Their failure emboldens builders and weakens the very system they are meant to safeguard,” he said.



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Infosys Rolls Out 85% Average Performance Bonus In Q3FY26, Best In Over 3 Years

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Infosys Rolls Out 85% Average Performance Bonus In Q3FY26, Best In Over 3 Years


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Over recent quarters, payouts had gradually improved from roughly 65 percent to 80 percent and now to an average of about 85 percent in Q3FY26.

Infosys logo is seen.

Infosys logo is seen.

IT major Infosys rolled out performance bonus payouts averaging around 85 percent for the quarter ended December 31, 2025 (Q3FY26), marking the strongest variable pay outcome for eligible employees in at least the past three-and-a-half years, Moneycontrol reported citing people in the know.

The bonus payout for mid- to junior-level employees ranges between 75 percent and 100 percent, with most employees clustering around the organisation-wide average of 85 percent, the report said. The development signals a steady recovery in variable compensation at the Bengaluru-headquartered IT services firm. Over recent quarters, payouts had gradually improved from roughly 65 percent to 80 percent and now to an average of about 85 percent in Q3FY26.

Employees are expected to receive their bonus letters over the next few days, with the payout scheduled to be credited along with their February salary.

One employee told the outlet that it is the strongest bonus outcome seen in recent years. The payout is also among the rare instances since the Covid-19 period when variable pay has approached the upper end of the eligible range.

Infosys last paid out 100 percent variable compensation during the pandemic. In the quarters that followed, payouts were lower amid macroeconomic uncertainty and a broader slowdown in client spending across global markets.

The higher payout comes at a time when global IT stocks have faced renewed pressure, driven by concerns over rapid advances in artificial intelligence and their potential impact on traditional IT services models.

Shares of global IT firms have seen sharp sell-offs in recent weeks amid heightened investor focus on AI leaders such as Anthropic. Investors fear that generative AI tools could compress pricing, automate routine services work and reduce demand for legacy outsourcing models.

Against that backdrop, the improved bonus payout at Infosys is being viewed as a signal of operational resilience and near-term performance strength, even as sentiment around the broader IT sector remains cautious.

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Why you should consider switching bank accounts

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Why you should consider switching bank accounts



Martin Lewis explains why now might be a good time to think about changing your bank account.



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