NewsIPOPhysicsWallah Gears Up for Rs 3,480 Crore IPO: A Deep Dive into the Edtech Giant's OfferingPhysicsWallah Gears Up for Rs 3,480 Crore IPO: A Deep Dive into the Edtech Giant's Offering
PhysicsWallah, a prominent edtech platform, is launching its Initial Public Offering (IPO) to raise Rs 3,480 crore. The IPO will open on November 11 and close on November 13, with listing scheduled for November 18. The offering includes a fresh equity issue of Rs 3,100 crore and an offer for sale by promoters. PhysicsWallah has shown strong financial growth, with revenue increasing by 48.76% year-over-year and a significant reduction in losses. The company operates in the competitive test-prep segment, offering online classes, offline learning centers, and various educational services.
*this image is generated using AI for illustrative purposes only.
PhysicsWallah, the prominent edtech platform, is set to make its market debut with an Initial Public Offering (IPO) aimed at raising Rs 3,480 crore. The company has announced key dates and details of its upcoming share sale, marking a significant milestone in its journey from an online education provider to a publicly traded entity.
IPO Details
| Particulars | Details |
|---|---|
| IPO Opening Date | November 11 |
| IPO Closing Date | November 13 |
| Allotment Date | November 14 |
| Listing Date | November 18 |
| Fresh Equity Issue | Rs 3,100 crore |
| Offer for Sale | By promoters Alakh Pandey and Prateek Bob |
| Total IPO Size | Rs 3,480 crore |
Company Overview
PhysicsWallah, founded in 2016 and incorporated in 2020, has rapidly established itself as a key player in the Indian edtech space. The company offers a comprehensive suite of educational services including:
- Online classes
- Offline learning centers
- Test preparation services
- Skilling services
Financial Performance
The company has demonstrated strong financial growth in recent years:
| Fiscal Year | Revenue (in crore) | Loss (in crore) |
|---|---|---|
| FY24 | 1,940.00 | 1,131.00 |
| FY25 | 2,886.00 | 243.00 |
Key financial highlights:
- Revenue growth of 48.76% year-over-year
- Significant reduction in losses by 78.51%
- 97% CAGR in operating revenue over FY23-FY25
- Online channels contribute 48.6% of the total revenue
Market Position
PhysicsWallah competes in the highly competitive test-prep segment, facing established players such as:
- Aakash Institute
- Allen Career Institute
- Unacademy
IPO Advisors
The share sale is being managed by a consortium of leading financial institutions:
- Kotak Mahindra Capital
- Axis Bank
- JPMorgan India
- Goldman Sachs India
This IPO marks a significant moment for the Indian edtech sector, showcasing the growing investor interest in technology-driven education platforms. As PhysicsWallah transitions from a privately held company to a public entity, it will be interesting to observe how the market responds to this offering and the company's future growth trajectory in the evolving education landscape.
17
