MUMBAI:

In a significant development for the Indian edtech sector, PhysicsWallah has officially received the green light from the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO). This marks a pivotal moment for the unicorn startup, which had initially submitted its draft IPO papers under the confidential route back in March.

The proposed IPO, aiming to raise approximately Rs 4,600 crore, is structured to include a fresh issue of shares alongside an offer for sale (OFS) component. This strategic move is anticipated to not only bolster the company's financial standing but also enhance its market visibility and investor appeal.

As the edtech landscape continues to evolve, PhysicsWallah's IPO is a testament to the sector's robust growth and the increasing investor confidence in digital education platforms.