PW’s INR 3,820 Cr IPO, RMG Ban Hits Creators & More

Can PhysicsWallah Pass The Market Test?

PhysicsWallah has refiled its DRHP with the market regulator, SEBI, for an INR 3,820 Cr IPO. The edtech giant’s public issue will comprise a fresh issue of INR 3,100 Cr and an OFS component of up to INR 720 Cr. Cofounders and promoters Alakh Pandey and Prateek Boob, who together own 40% stake in the company, will offload shares worth INR 360 Cr each. 

A Sneak Peek Into The DRHP: In its draft IPO papers, PW disclosed its financial health for the financial…