Business EconomyPosted at: Sep 8 2025 10:16AM


PhysicsWallah files updated DRHP papers with SEBI, eyes on raising Rs 3820 cr via IPO for business expansion

New Delhi, Sep 8 (UNI) Edtech firm PhysicsWallah Ltd filed updated draft Herring Red Prospects (DRHP) papers with SEBI for raising an initial public offering (IPO) of Rs 3820 cr.
A 'Draft Red Herring Prospectus (DRHP)' is a preliminary document that a company files with SEBI when planning for an IPO to raise capital from the public.
This IPO raising consists of a mix of fresh issue of Rs 3100 cr and an offer for sale (OFS) by its co-founders Alakh Pandey and Prateek Maheshwari, each of Rs 360 cr, totaling Rs 720 cr.
Edtech company Physicswallah is also backed by WestBridge, GSV and Lightspeed.
The company wants to allocate the new capital raising in different areas, including marketing initiatives (Rs 710cr), lease payments of existing identified offline and hybrid centres (Rs 548 cr), and capital expenditure (Rs 460 cr).
The capital expenditure includes the fit-outs of new offline and hybrid centres.
The company said, "We continue to selectively pursue opportunities for evaluating potential targets for strategic investments, acquisitions, and partnerships that complement our product offerings, and strengthen our established presence in targeted domestic and International markets. "
PhysicsWallah, founded in 2016, expanded massively by focusing on affordability, accessibility and a student-first approach.
Initially, the company used free YouTube to get a vast audience before launching a paid app and later a hybrid model with offline centers.
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Tags: #PhysicsWallah files updated DRHP papers with SEBI# eyes on raising Rs 3820 cr via IPO for business expansion
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