Physicswallah IPO: Physics Wala, who invests Westbridge Capital, has filed a DRHP close to SEBI for its IPO. The corporate is in a plan to boost ₹ 3,820 crore thru its IPO for which it’s crammed on 6 September. Tell us that during July this yr, SEBI authorized the corporate’s Confidential Pre-Submitting Draft Pink hering prospectus. In keeping with the ideas, Physicswala has proposed to boost ₹ 3,100 crore new stocks thru this IPO. On the identical time, promoters Alakh Pandey and Prateek Boob will promote ₹ 720 crore stocks thru offer-for-sales (offs).
The place will the cash raised from IPO be used?
How is the corporate’s monetary well being?
Physics Wala, who has carried out lessons for examinations like JEE, NEET, GATE and UPSC, has very much diminished its web deficit within the monetary yr ended on 31 March 2025. It has come right down to ₹ 243.2 crore as in comparison to a lack of ₹ 1,131.1 crore remaining yr. On the identical time, the corporate’s earnings higher via 48.7% to ₹ 2,886.6 crore in the similar duration, which used to be ₹ 1,940.7 crore remaining yr.
Promoters recently have 82.3% stake within the corporate, with each Alakh and Prateek stake 40.35%. Buyers comparable to Westbridge Capital, Hornbill and GSV Ventures also are primary shareholders within the corporate. The IPO is being controlled via Kotak Mahindra Capital Corporate, JP Morgan India, Goldman Sachs (India) Securities and Axis Capital.