Why Did PhysicsWallah Not Choose the 'Risky' Path to Enter the Stock Market?

PhysicsWallah, India's prominent edtech firm, has opted for a cautious approach regarding its entry into the stock market.

In fact, the path PhysicsWallah has chosen to bring out its IPO (PhysicsWallah makes confidential IPO) is different from other companies. The company is adopting the confidential pre-filing method. It is the 7th company in India to do so.

Edtech Unicorn PhysicsWallah is Preparing to Enter the Stock Market
The company recently submitted documents to the Securities and Exchange Board of India (SEBI) for an IPO worth ₹4,500 crore. Founded in 2020, PhysicsWallah raised ₹21 crore in funding from Hornbill Capital last September. At that time, Hornbill Capital valued the company at ₹23,000 crore. According to a report by Financial Express, the company is also preparing to acquire Drishti IAS before its IPO. Everything might seem familiar, except for the way the IPO has been filed.