PhysicsWallah IPO: Edtech giant files draft papers with Sebi; eyes raising Rs 3,820 crore

PhysicsWallah, the edtech giant, is ready to make its inventory market debut, having submitted up to date draft papers to Sebi to boost Rs 3,820 crore by way of an preliminary public providing (IPO) geared toward growth and progress initiatives.The IPO construction features a contemporary difficulty of shares price Rs 3,100 crore and a proposal on the market of Rs 720 crore by promoters, as per the up to date draft pink herring prospectus (UDRHP) submitted on Saturday. Founders Alakh Pandey and Prateek Boob will every promote shares valued at Rs 360 crore. Both at the moment maintain 40.35% stakes within the firm.PhysicsWallah had earlier filed its draft beneath Sebi’s confidential pre-filing route in March, gaining regulatory approval in July. The firm has earmarked important parts of the contemporary difficulty proceeds for bodily infrastructure. About Rs 460.5 crore will probably be directed in direction of fit-outs of recent offline and hybrid centres, whereas Rs 548.3 crore will probably be used for lease obligations of its current centres. Investments of Rs 47.2 crore will probably be made in subsidiary Xylem Learning, with allocations for brand new centres, lease funds and hostel services. An extra Rs 33.7 crore will go to Utkarsh Classes & Edutech to cowl leases.Technology and advertising and marketing are additionally in focus: Rs 200.1 crore is put aside for cloud and server infrastructure, Rs 710 crore for promotional actions, and Rs 26.5 crore for rising the corporate’s stake in Utkarsh Classes.PhysicsWallah, headquartered in Noida, is thought for its test-prep programs for aggressive exams and upskilling programmes. The firm’s flagship YouTube channel “Physics Wallah-Alakh Pandey” counted 13.7 million subscribers by mid-July 2025, whereas its wider YouTube community had surged to 98.8 million by the tip of June, marking a CAGR of 41.8% between FY23 and FY25. It has additionally constructed an offline presence.Backers embody WestBridge Capital, Hornbill, and GSV Ventures. The IPO will probably be managed by Kotak Mahindra Capital Company, JP Morgan India, Goldman Sachs (India) Securities and Axis Capital.