Edtech unicorn PhysicsWallah (PW) has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch its Initial Public Offering (IPO).
The company aims to raise ₹3,820 crore through this public issue, marking a major milestone for India’s booming edtech sector.
IPO Details
- Total Issue Size: ₹3,820 crore
- Fresh Issue: Around ₹1,500 crore
- Offer for Sale (OFS): The remaining amount will come from existing investors selling part of their stakes.
Why This IPO Matters
PhysicsWallah, founded in 2016 by Alakh Pandey, started as a YouTube channel and has since grown into one of India’s most successful edtech companies. It became a unicorn in 2022 after raising $100 million at a $1.1 billion valuation.
The IPO will help the company:
- Expand its offline coaching centers (PW Vidyapeeth) across India.
- Invest in technology, content, and AI-driven learning platforms.
- Strengthen its acquisitions and partnerships in the edtech space.
Industry Impact
If successful, PhysicsWallah will join other listed edtech companies and could set a new benchmark for startups that grew organically before turning to investors. Experts believe this IPO could boost investor confidence in India’s education technology sector, which has seen ups and downs in recent years.
Summary Table
| Detail | Information |
|---|---|
| Company | PhysicsWallah (PW) |
| Founder | Alakh Pandey |
| Year Founded | 2016 |
| IPO Size | ₹3,820 crore |
| Fresh Issue | ~₹1,500 crore |
| Offer for Sale (OFS) | Balance through investor stake sales |
| Purpose of IPO | Expansion, tech upgrades, acquisitions |
| Valuation at Unicorn Status | $1.1 billion (2022) |
| IPO Regulator | SEBI (via DRHP filing) |
