PhysicsWallah IPO: The IPO of the country’s well-known online education platform Physicswallah is going to open next week on 11th November. To launch this IPO of Rs 3480 crore, Red Herring Prospectus (RHP) has been submitted to the Registrar of Companies. Anchor investors will be able to bid for this on November 10. Bets can be placed in the issue till November 13. Shares will be allotted by 14th November, while from 18th November the shares will be listed on BSE and NSE.

Including both fresh issue and OFS

Let us tell you that Physicswala is an education platform, which provides preparation for competitive exams both online and offline. The company’s IPO has both fresh issue and offer-for-sale. New shares worth Rs 3,100 crore will be issued in this issue, while promoters like Alakh Pandey and Prateek Boob will sell shares worth Rs 380 crore under the OFS window.

According to media reports, Alakh Pandey and Prateek Boob will sell shares worth Rs 190 crore through OFS. Both of them currently have 40.31 percent stake in the company. This Noida-based company had filed draft papers for the IPO with SEBI in March through the confidential pre-filing route and after getting the green signal from market regulator SEBI in July, the company submitted an updated DRHP in the month of September before submitting the RHP.

What will the company do with the money?

Physicswala has said that out of the amount raised from the IPO, Rs 460.5 crore will be spent on building new offline and hybrid centers and Rs 548.3 crore will be spent on lease payments. Apart from this, Rs 47.2 crore will also be invested in the subsidiary company Xylem Learning. Of these, Rs 31.6 crore are spent on new centers and Rs 15.5 crore are spent on lease payments and hostels.

Rs 33.7 crore will be given to Utkarsh Classes and Edutech for lease payment of its centres. Apart from this, Rs 200.1 crore is to be spent for server and cloud infrastructure, Rs 710 crore in marketing and Rs 26.5 crore to buy additional stake in Utkarsh Classes.

The journey started in 2020

Alakh Pandey and Prateek Maheshwari started Physicswala in 2020 as an edtech platform. First of all, he provides preparation for NEET, JEE Mains, NCERT and BITSAT through his YouTube channel. During that time, previous years’ question papers of these exams were made available to help the students so that they could prepare accordingly. Today the number of its registered students is more than 35 lakh. It has more than 78 lakh subscribers on YouTube. The rating of the app is also 4.8.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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Bollywood superstar Shah Rukh Khan has become the most rich actor in the world. King Khan has been included in the list of billionaires this year. But the founder of Physicsawallah Alakh Pandey has also left behind Shah Rukh Khan in terms of wealth. In a recently revealed report, his net worth has been revealed, which everyone has been surprised to know.

Alakh Pandey took place in Prayagraj, Uttar Pradesh. He took admission in B.Tech in Mechanical Engineering from Harakourt Butler Technical University in Kanpur. But Alakh left his studies in the third year and after that he created a YouTube channel in the name of Physicsawallah. Here Alakh started giving classes and after progress and he also started his company in the name of his YouTube channel.

What is Alakh Pandey’s net worth?

• The result of Alakh Pandey’s hard work and dedication is that today he is being included in billionaires.
• According to the Hurun India Rich List, his net worth has increased by 223% in the last one year.
• According to this list, Alakh Pandey has a total net worth of Rs 14,510 crore, which is more than Shahrukh Khan’s net worth.
• Please tell that Shah Rukh Khan is the world’s richest actor whose net worth is 12490 crores.

Shahrukh Khan’s workfront
Talking about Shah Rukh Khan’s workfront, the superstar was last seen in the film ‘Dunki’ (2023) on the big screen. At the same time, he was also seen recently in his son Aryan Khan’s debut web series ‘The Bads of Bollywood’. The series was released on Netflix on 18 September, which had a cameo of King Khan. Now Shahrukh Khan will appear in the film ‘King’. In this film, stars like her daughter Suhana Khan, Deepika Padukone, Raghav Juyal and Arshad Warsi will also be seen.

PhysicsWallah IPO: The country’s first Edtech company Physicswallah is going to enter the stock market. The company headed by Alakh Pandey has submitted draft papers to the market regulator SEBI to launch its IPO. According to this updated draft Red Herring Prospectus (UDRHP) submitted on Saturday, shares of up to Rs 720 crore will be sold in the proposed IPO under new equity share and offer for sale (offs) window of Rs 3,100 crore.

Both promoters will sell shares

Both promoters of the company Alakh Pandey and Prateek Boob will sell shares worth Rs 360 crore through OFS. At present, both have a stake of 40.35-40.35 percent in the company. Overall, Physicswallah is going to be debuted soon in the stock market.

The Noida company filed draft papers for IPOs through a confidential pre-filing route near SEBI in March and got the approval of the market regulator in July. After this, companies are required to file an updated DRHP before filing RHP. Since the company chose the path of confidential pre-filing, which does not require public disclosure of IPO details. This route is becoming popular among Indian firms nowadays.

In which work will be the use of money?

Physicswala said that out of the money received from the new issue, Rs 460.5 crore will be spent in creating new offline and hybrid centers and Rs 548.3 crore will be used for lease payment of existing centers. Physics will invest Rs 47.2 crore in its subsidiary Zilem Learning, including Rs 31.6 crore for new centers and Rs 15.5 crore for payment of lease and hostels. Apart from this, Rs 33.7 crore will be given to Utkarsh Classes and Adutek for lease payment of its centers, Rs 200.1 crore for server and cloud infrastructure, Rs 710 crore for marketing and Rs 26.5 crore is planned to be spent in purchasing additional stakes in Utkarsh Classes.

Disclaimer: (Here information provided is being given only for information. It is necessary to tell here that the investment market in the market is subject to risks. Always consult experts before investing money as investors. Abplive.com There is never advice to invest money from any side.)

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