PhysicsWallah files updated draft papers for ₹3,820 crore IPO; founders to sell shares

Physics Wallah Ltd, one of the largest Edtech platforms of India, is the first public offering (IPO) with a draft Redpe Prospectus (DRHP) updated with India’s Securities and Stock Exchange Board (SEBI) La3,820 crore.

The proposal will consist of a new problem La3,100 crore and an offer for sale (Of) La720 Crore by supporters. Offers, Founders Alakh Pandey and Prateek Mashwari (called Prateek Boob in official files) La360 Crore worth each.

With the increase in fresh capital, physics Wallah plans to use public offering revenues to open new offline centers ( La460 Crore), covering rent costs ( LaInvest in subsidiaries such as 548 Crore), Xylem and Utkarsh ( La470 Crore), Cloud and Server Infra ( La200 crore) and spending La710 marketing Crore according to updated files.

However, high student concentration in the test preparation categories, EDTECH’te regulatory examination and intensive competition in the segment marked risks.

Also read | Physicswallah, 2025 while preparing for public offering old eye blinking cfo amite saachdeva’yu hires

Founded in 2016 as a Youtube channel, Physicswallah has become a complete educational company that offers K-12, NEET, JEE, UPSC and state-level competitive exams at competitive exams at the level of K-12, Neet, JEE, UPSC and state level.

Information planet operates a mixture of online courses, hybrid centers and test preparation institutes, including Xylem Learning and Utkarsh classes, and targets more than 2 million students in the 2nd stage-II and Level-IIi cities.

Also read | If there is plenty of course, but nobody is in Indian Edtech.

Since its establishment, the company has provided 312 million dollars of financing. In 2022, Physicswallah collected $ 100 million from Westbridge and GSV Ventures and marked his entry into Unicorn Club.

In September last year, Hornbill Capital and existing investors collected $ 210 million in financing B series.

The public offering comes as Edtech companies return to public markets among the slower financial streams. If it succeeds, Physics will be the first New Age Edtech to list. Mint In February, Edtech companies had previously reported that ClassPlus, Jaro Education, Lead and Eruditus were in various preparation stages to list the scholarships.

The company hired Kotak, JP Morgan, Goldman Sachs and Axis Capital as the chief executives who managed books.

Also read | Alakh sir, can Physicswallah a profit test?

In FY25, the company reported total revenue. La2,886 CRORE, La1,940 CRORE in FY24 and LaCrore in 744 FY23. Net loss decreased La240 CRORE IN FY25, La1127 Crore in FY24 and La85 Crore 23 financially, Udrp showed.

Physicswallah belongs to Pandey and Mashwari, which has a largely 40.35% of the company, and is more than a billion stock.

Westbridge, which is the largest of corporate investors, approximately 6.4%of the company, follows Hornbill Capital Partners (4.4%), GSV Ventures (2.9%) and Lightspeed (1.8%). Smine AIF Trust (1.4%), Konark Trust, RNM Enterprises, Janki Corp, Paras Dave Suri and Manan Consultancy are the Consultancy.