PhysicsWallah said to plan ₹3,820 crore IPO in weeks

Core Viewpoint - Indian online education platform PhysicsWallah Ltd is preparing for an initial public offering (IPO) that could raise ₹3,820 crore ($431 million) [1] Group 1: IPO Details - The proposed offering will consist of a fresh issue of shares valued at ₹3,100 crore and a secondary sale of approximately ₹720 crore by founders Alakh Pandey and Prateek Boob [2] - Ongoing discussions may lead to changes in both the valuation and timing of the IPO [2] Group 2: Company Background - PhysicsWallah provides online courses aimed at high school students and is part of India's expanding IPO market, which has seen total proceeds from new listings reach nearly $16 billion this year [3] - The founders each hold a 40.35% stake in the company, while WestBridge Capital and Hornbill Capital own 6.41% and 4.42%, respectively [3] Group 3: Advisory Firms - Kotak Mahindra Capital Co, Axis Bank Ltd, and the local branches of JPMorgan Chase & Co and Goldman Sachs Group Inc are advising on the share sale [4]