PhysicsWallah: Pioneering Edtech Giant to Raise Rs 3,820 Crore Through IPO
Edtech company PhysicsWallah is preparing to raise Rs 3,820 crore via an IPO for expansion. This includes new shares and an offer for sale by promoters. Proceeds will fund new centers, marketing, and infrastructure. With a strong digital and offline presence, the company aims to capitalize on its growth.
- Country:
- India
In a strategic move for expansion, Edtech unicorn PhysicsWallah is set to raise Rs 3,820 crore through an upcoming initial public offering (IPO), according to its updated draft filings with market regulator Sebi.
The IPO will consist of a fresh issue of equity shares worth Rs 3,100 crore and an offer for sale (OFS) amounting to Rs 720 crore. Promoters Alakh Pandey and Prateek Boob will each sell shares worth Rs 360 crore. Currently, they each hold a 40.35% stake in the company.
Funds from the fresh issue will be allocated to several initiatives, including setting up new offline and hybrid centers amounting to Rs 460.5 crore, marketing initiatives, and server infrastructure. Additionally, the company plans strategic investments in its subsidiaries and to increase its offline presence.
- READ MORE ON:
- PhysicsWallah
- IPO
- Edtech
- Alakh Pandey
- Prateek Boob
- expansion
- growth
- investments
- education
- unicorn
ALSO READ
Japan's Economy Shows Unexpected Growth Amid Global Trade Tensions
UP Emerges as India's Growth Engine: Yogi Adityanath's Transformative Journey
Uttar Pradesh’s Resurgence: From 'BIMARU' to Growth Engine
Karbonsteel Engineering: Pioneering Expansion through Strategic IPO
OYO Rebrands as 'Prism': A New Corporate Identity for Global Expansion
Google News