PhysicsWallah IPO opens today: Does valuation raise concerns? Here’s a detailed analysis

PhysicsWallah, led by Alakh Pandey, has launched its IPO today with a valuation of Rs 3,480 crore. The issue is priced at 9-10x sales multiple and is considered fairly valued by many brokerages. SBI Securities notes a 96.9% and 88.8% CAGR in Sales/EBITDA over the last three years. InCred Equities believes the company has a […]