India’s edtech unicorn PhysicsWallah is on track to launch its much-anticipated Initial Public Offering (IPO), having received a nod from the Securities and Exchange Board of India (SEBI) for its confidential draft red herring prospectus (DRHP). The Noida-based company is aiming to raise approximately ₹4,600 crore (nearly $533 million) through a mix of fresh equity issuance and offer for sale (OFS).
While the DRHP hasn’t been made public yet, insider sources confirm that the fundraise will support PhysicsWallah’s expansion, branding, and governance goals. As part of its IPO readiness, the company recently welcomed three independent directors to enhance corporate governance. In addition, Satish Sharma was appointed as the Chief Marketing Officer (CMO) to strengthen brand positioning and lead strategic growth.
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Earlier this year, PhysicsWallah transitioned into a public limited company, fulfilling a critical step toward listing on Indian stock exchanges. The move reflects its commitment to transparency, regulatory compliance, and scalability as it prepares for life as a listed entity.
