India, Sept. 8 -- Can PhysicsWallah Pass The Market Test?

PhysicsWallah has refiled its DRHP with the market regulator, SEBI, for an INR 3,820 Cr IPO. The edtech giant's public issue will comprise a fresh issue of INR 3,100 Cr and an OFS component of up to INR 720 Cr. Cofounders and promoters Alakh Pandey and Prateek Boob, who together own 40% stake in the company, will offload shares worth INR 360 Cr each.

A Sneak Peek Into The DRHP: In its draft IPO papers, PW disclosed its financial health for the financial year 2024-25 (FY25). Here's a quick snapshot:

Operating revenue zoomed 49% YoY to INR 2,886.6 Cr in FY25

Consolidated net loss also narrowed 78% YoY to INR 243.3 Cr

EBITDA profit stood at INR 193.2 Cr against an EBITDA loss of ...