PW All Set For IPO, India’s Data Centre Boom & More

PhysicsWallah’s Biggest Test Yet

PhysicsWallah is all set for its D-Street debut. The edtech giant has filed its red herring prospectus with SEBI for an INR 3,480 Cr public listing, which will open next week. So, how does the IPO of the YouTube-born unicorn stack up?

Decoding PW’s RHP: The edtech major’s public issue will comprise a fresh issue of shares worth INR 3,100 Cr and an OFS of up to INR 380 Cr. While institutional backers aren’t offloading their stakes, the promoters have slashed their OFS from INR 720 Cr to INR 380 Cr,…