Physicwala (PW), an edtech unicorn, is prepared to go public shortly.
With the intention of raising Rs 3820 crore, of which Rs 3100 crore would be a new issuance, the business has submitted an updated draft red herring prospectus (UDRHP) to SEBI. Alakh Pandey along with Pratik Maheshwari would offer Rs 360 crore for the sale.
Physicswala IPO Filing Update
The IPO of edtech unicorn Physicwala (PW) is imminent. The business has submitted its updated draft red herring prospectus (UDRHP) to SEBI. With a new offering of Rs 3,100 crore, it hopes to raise Rs 3,820 crore. For this, its co-founders Pratik Maheshwari and Alakh Pandey would propose a selling price of Rs 360 crore.
On July 18, SEBI approved the company’s IPO. EdTech plans to create new offline and hybrid facilities (Rs 460 crore), pay Rs 548 crore in lease payments for existing centers, and invest Rs 81 crore in subsidiaries with the help of Westbridge, GSV, and Lightspeed.
Equity Share Face Value
The face value of each equity share is one rupee. With SEBI’s permission, SEBI will disseminate the price range, IPO timeline, listing date, and other information. The market authority approved Physicswala’s confidentially submitted draft documents in July.
Along with Lightspeed Venture Partners and current investors GSV and WestBridge, Hornbill Capital led the previous fundraising round, which was 2.5 times larger than PhysicWala’s prior value of $1.1 billion (about Rs 9,698 crore).
The DRHP claims that Pratik Maheshwari and Alakh Pandey, the promoters, would sell shares for as much as Rs 360 crore each.
IPO Principal Bankers List
The IPO’s principal bankers are Kotak Mahindra Capital Company, Axis Capital Limited, JPMorgan India Private, and Goldman Sachs (India).
The organization instructs kids on how to be ready for competitive tests. The platform grew at a compound annual growth rate (CAGR) of 59% between FY23 and FY25, with 44.6 lakh paying users in FY25, according to DRHP.
Based on income, Physicswala is among the top 5 education enterprises in India. As of July 15, 2025, their primary YouTube channel, “Physicswala-Alakh Pandey,” has around 1.37 crore subscribers, according to a RedSeer analysis. The business has 198 offline centers running as of March 31.
Alakh Pandey is the founder of Physics Wala. In honor of Teacher’s Day, tell us his whole tale.
Net worth exceeds Rs 4 thousand crores.