00:00The country's top air tech unicorn, Physicswala, is now preparing for listing in the share market.
00:12According to sources, the company is planning to raise Rs. 4.6 billion through IPO.
00:18For this, he has also handed over the necessary documents to the market regulator SEBI.
00:22After a series of B-funding of $210 million last year, the company's valuation was increased by $2.8 billion.
00:31This company has investment from companies such as Westbriz Capital, GSB Ventures, Lightspeed Ventures Partners and Hornable Capital.
00:40If Physicswala is listed in the share market, it will be the country's first air tech company to do this.
00:47According to media reports, the company has handed over the documents to SEBI after getting approval from the board.
00:54A source said that new shares will be issued in Physicswala's IPO.
00:59Some investors will also sell their shares through an offer for sale.
01:04Physicswala has chosen a pre-filing route with Privacy.
01:08Tata Play, Oyo, Swiggy, Vishal Megamart, Credela Financial Services and Indira IBF have also done this.
01:16SEBI started this route in November 2022.
01:19Noida's co-founder Alak Pandey and Pratik Maheshwari are the co-founders of Physicswala.
01:24The company has more than 55 lakh paid students.
01:28They have 4.6 crore subscribers on their YouTube channel and more than 14,000 employees in the company.
01:35Physicswala's online center is in 105 cities, of which more than 2 lakh students study.
01:41In the financial year 2024, the company's operating revenue reached Rs. 1940 crore at a rate of 160%, which was Rs. 744 crore in 2023.
01:52However, during this time, the loss of the company also increased from Rs. 84 crore to Rs. 1131 crore.
01:59According to you, 38.7% of the company's founder and CEO Alak Pandey and 38.7% of co-founder Pratik Maheshwari.
02:09According to Fraction, the company has 6.3% of Westbridge Capital, 2.9% of Hornbill Capital, 1.8% of Lightspeed Venture Partners and 2.1% of GSV Ventures.
02:2438.7% of the company's founder and CEO Alak Pandey and 38.7% of co-founder Pratik Maheshwari.
02:34So soon, Physicswala's IPO is coming.
02:36So if you are also thinking of buying an IPO, then this news is for you.
02:40Whatever opinion you are making on this news, give us your opinion in the comment box and keep watching Good Returns for such updates.
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