Alakh Pandey’s Physics Wallah edtech unicorn is going to enter the IPO market. The company has filed a pre-filing draft offer document (PDRHP) with SEBI (Security Exchange Board of India) for the initial public offering (IPO).
Physics Wallah is planning to raise a huge amount of Rs 4600 crore through this IPO.
What is PDRHP in the IPO Market?
PDRHP is an alternative process in which companies submit their main documents to SEBI and stock exchanges to bring IPO. In simple words, the company has to give all its information from financial status to management and what business the company does, how much profit and loss it has made so far (at least 3 to 5 years of balance sheet), all the information to SEBI and stock exchanges. (NSE/BSE)
After reading these documents, SEBI feels that the company is eligible for an IPO; only then will the company get approval to raise money from the market through an IPO.
Physicwala has submitted these documents to SEBI after getting approval from the company’s board. This IPO is likely to include the issuance of new equity shares (fresh issue) as well as a sale offer (OFS) of equity shares.
Physicwala becomes the seventh major Indian company to take this confidential pre-filing route after Swiggy, Vishal Mega Mart, Tata Play, Oyo, Credila Financial Services and Indira IVF.
What does Alakh Pandey’s Physics Wallah do?
Physics Wallah is a famous YouTube channel. Physics Wallah was started by just 2 people, Alakh Pandey and Pratik Maheshwari, in 2020 as an edtech platform. Provides NCERT solutions, sample papers, NEET, JEE Mains, and BITSAT previous years question papers. Investors like Hornbill Capital, Lightspeed Ventures, Westbridge, and GSV Ventures have invested in Physics Wallah. Right now, more than 35 lakh registered students and more than 78 lakh YouTube subscribers are connected to this platform.
If Physics Wallah gets approval from SEBI, it will be the first Indian edtech company to be listed on the Indian stock market.
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