Physics Wallah (PW) co-founder and whole-time director Prateek Maheshwari on Friday mentioned the target of launching the corporate’s preliminary public provide (IPO) is to develop its footprint and strengthen model visibility throughout the nation.
The IPO will open to the general public on November 11, with the itemizing anticipated tentatively on November 18. Chatting with information company ANI, Maheshwari mentioned, “The principle goal is to have a bigger attain, bigger branding.”
He famous that 90 per cent of the difficulty contains a major providing, which can help aggressive enlargement plans, whereas the remaining 10 per cent is an Supply for Sale (OFS). Maheshwari harassed that “none of our current buyers are promoting,” calling it “the primary Indian web IPO the place not one of the current buyers are promoting.”
“None of our current buyers are promoting. That exhibits our confidence by way of firms’ present income development in addition to profitability development. So that is the primary Indian web IPO the place not one of the current buyers are promoting,” he added.
Physics Wallah: IPO particulars
The edtech unicorn has set a value band of Rs 103–Rs 109 per share for the Rs 3,480 crore problem, concentrating on a valuation of greater than Rs 31,500 crore on the higher finish. The IPO will open on November 11 and shut on November 13, with anchor allocation on November 10.
The problem contains a recent problem of Rs 3,100 crore and an OFS of Rs 380 crore by promoters. Alakh Pandey and Prateek Maheshwari will every offload Rs 190 crore value of shares via the OFS. Each at the moment maintain 40.31 per cent every — 105.12 crore shares apiece — valued at round Rs 11,458 crore on the higher value band. Their acquisition price for these shares, as per the DRHP, is negligible.
Amongst different main shareholders, Hornbill Capital Companions owns 11.52 crore shares (4.41 per cent), Lightspeed Alternative Fund holds 4.66 crore shares, and Setu AIF Belief owns 3.64 crore shares.
Use of proceeds
In line with the pink herring prospectus:
- Rs 460.5 crore can be spent on fit-outs for brand new offline and hybrid centres
- Rs 548.3 crore for lease funds of current centres
- Rs 47.2 crore funding into subsidiary Xylem Studying
- Rs 33.7 crore allotted to Utkarsh Lessons & Edutech
- Rs 200.1 crore for cloud and server infrastructure
- Rs 710 crore for advertising and marketing
- Rs 26.5 crore to accumulate extra stake in Utkarsh Lessons
Enterprise efficiency
PhysicsWallah affords teaching for JEE, NEET, GATE and UPSC, together with upskilling programmes, via on-line platforms, tech-enabled offline centres and hybrid centres.
The corporate narrowed its losses to Rs 243 crore in FY25 from Rs 1,131 crore in FY24, whereas income rose to Rs 2,887 crore from Rs 1,941 crore in the identical interval.
Investor reservation
Of the whole providing, 75 per cent is reserved for certified institutional patrons, 15 per cent for non-institutional buyers, and 10 per cent for retail buyers.
