New Delhi, Sept. 10 -- PhysicsWallah Limited, the Noida-based edtech unicorn that transformed YouTube classes into a multi-crore education empire, has submitted its Updated Draft Red Herring Prospectus (UDRHP) to SEBI. The company is planning to raise Rs.3,820 crore through an IPO, and this makes it one of the most awaited listings in the new-age education sector in India.

The issue will consist of a fresh issue of Rs.3,100 crore and an offer-for-sale (OFS) of Rs.720 crore by co-founders Alakh Pandey and Prateek Boob, who will cash out shares worth Rs.360 crore each. The current shareholders are 40.35% (each), and the promoters have an 82.3% share.

Among institutional investors, GSV Ventures' Fund III owns 2.85%, Hornbill Capital Partne...