PhysicsWallah Files Updated DRHP For INR 3,820 Cr IPO

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SUMMARY

PhysicsWallah has filed its updated draft red herring prospectus with SEBI to raise INR 3,820 Cr through its initial public offering (IPO)

The IPO will include a fresh issue of up to of INR 3,100 Cr and an offer for sale (OFS) of up to INR 720 Cr by cofounders and promoters Alakh Pandey and Prateek Boob

PhysicsWallah plans to utilise INR 460.6 Cr from the proceeds of the fresh issue to set up new offline and hybrid centres and INR 548.3 Cr to cover lease payments of its already identified centres

Edtech unicorn…



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PhysicsWallah Files Updated DRHP For INR 3,820 Cr IPO


SUMMARY

PhysicsWallah has filed its updated draft red herring prospectus with SEBI to raise INR 3,820 Cr through its initial public offering (IPO)

The IPO will include a fresh issue of up to of INR 3,100 Cr and an offer for sale (OFS) of up to INR 720 Cr by cofounders and promoters Alakh Pandey and Prateek Boob

PhysicsWallah plans to utilise INR 460.6 Cr from the proceeds of the fresh issue to set up new offline and hybrid centres and INR 548.3 Cr to cover lease payments of its already identified centres

Edtech unicorn…



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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