Physicswallah IPO: Physics Wala, who invests Westbridge Capital, has filed a DRHP near SEBI for its IPO. The company is in a plan to raise ₹ 3,820 crore through its IPO for which it is filled on 6 September. Let us know that in July this year, SEBI approved the company’s Confidential Pre-Filing Draft Red hering prospectus. According to the information, Physicswala has proposed to raise ₹ 3,100 crore new shares through this IPO. At the same time, promoters Alakh Pandey and Prateek Boob will sell ₹ 720 crore shares through offer-for-sales (offs).
Where will the money raised from IPO be used?
How is the company’s financial health?
Physics Wala, who has conducted courses for examinations like JEE, NEET, GATE and UPSC, has greatly reduced its net deficit in the financial year ended on 31 March 2025. It has come down to ₹ 243.2 crore as compared to a loss of ₹ 1,131.1 crore last year. At the same time, the company’s revenue increased by 48.7% to ₹ 2,886.6 crore in the same period, which was ₹ 1,940.7 crore last year.
Promoters currently have 82.3% stake in the company, with both Alakh and Prateek stake 40.35%. Investors such as Westbridge Capital, Hornbill and GSV Ventures are also major shareholders in the company. The IPO is being managed by Kotak Mahindra Capital Company, JP Morgan India, Goldman Sachs (India) Securities and Axis Capital.