Physicswallah files updated DRHP for Rs 3,820 Cr IPO

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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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Physicswallah files updated DRHP for Rs 3,820 Cr IPO


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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