Edtech unicorn PhysicsWallah has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise Rs 3,820 crore through initial public offer.
The IPO will comprise a fresh issue of equity shares worth Rs 3,100 crore and an offer for sale (OFS) of Rs 720 crore by PhysicsWallah’s co-founders, Alakh Pandey and Prateek Boob, who will each offload shares worth Rs 360 crore.
This development comes shortly after the Noida-based edtech firm received SEBI’s approval for its confidential IPO papers last month.
The IPO will be managed by…

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