PhysicsWallah Limited filed its Updated Draft Red Herring Prospectus (UDRHP-I) with the Securities and Exchange Board of India (SEBI) on September 6, 2025, for a proposed initial public offering (IPO). The offer, aggregating up to Rs 3,820 crore, comprises a fresh issue of equity shares worth up to Rs 3,100 crore.Â
In addition, the offer also includes an offer for sale (OFS) of equity shares aggregating up to Rs 720 crore by the company’s founder and CEO Alakh Pandey, and co-founder Prateek Boob. Specifically, each of the promoters is offering shares aggregating up to Rs 360 crore each.
The company proposes to list its equity shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). Notably, Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Goldman Sachs (India) Securities Private Limited, and Axis Capital Limited are acting as the book-running lead managers to the offer. To explain, these managers are companies that assist the DRHP company in the pre-issuing process in the specific context of IPOs.
For context, Physics Wallah Limited is an Indian ed-tech firm developing a variety of online and offline learning platforms and providing a wide range of educational courses and services, primarily to students preparing for competitive examinations in India. Significantly, it will be the first Indian ed-tech unicorn to go public in the country.Â
How does PhysicsWallah plan to spend the money?
PhysicsWallah plans to use the funds raised from its IPO primarily for business expansion and growth initiatives, as detailed in its UDRHP-I. The company has earmarked a substantial portion of the fresh issue for physical infrastructure, allocating approximately Rs 460.5 crore for new offline and hybrid centre fit-outs, and Rs 548.3 crore for lease payments for such existing centres. Meanwhile, a sum of Rs 710 crore will support marketing initiatives to enhance brand presence.
Furthermore, the company will also invest in its subsidiaries to strengthen its market position. This includes a Rs 47.16 crore investment in Xylem Learning for new centres, and lease payments for hostel facilities, as well as Rs 33.7 crore for lease payments for Utkarsh Classes & Edutech Private Limited.Â
Additionally, PhysicsWallah plans to allocate Rs 200.1 crore for server and cloud infrastructure, and a further Rs 26.5 crore to acquire a greater stake in Utkarsh Classes. Notably, the company has stated that a portion of the funds will be used for future acquisitions and general corporate purposes.
Cap Table
| SHAREHOLDERS | PERCENTAGE OF EQUITY SHARE CAPITAL (%) |
| Alakh Pandey | 40.35% |
| Prateek Boob | 40.35% |
| WestBridge AIF I | 6.41% |
| Hornbill Capital Partners Limited | 4.42% |
| GSV Ventures Fund III, L.P. | 2.85% |
| Lightspeed Opportunity Fund II, L.P. | 1.79% |
| Setu AIF Trust | 1.39% |
Where Does PhysicsWallah Stand Financially?
PhysicsWallah’s revenue from operations stood at Rs 2,886.64 crore in the fiscal year ending March…
Source link
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We blogs.grocliq.com want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Website Upgradation is going on for any glitch kindly connect at [email protected]
