Physicswala, started by Alakh Pandey, has filed for an IPO worth Rs 3,480 crore. The issue will open on November 11 and close on November 13, with trading commencing on November 18. This includes ₹3,100 crore of fresh shares and ₹380 crore worth of promoter stake sale.

In FY25, the company had raised ₹2,886.6 crore in revenue and posted an operating profit of ₹432 crore. Although the losses were narrower than the previous year, it still posted a net loss of ₹243.7 crore.

PW has raised $312 million so far, including $210 million in a Series B round led by Hornbill Capital. The company continues to grow both online and offline, and Physicswala is now one of the biggest names in the edtech industry in India.