PhysicsWallah Gets SEBI Approval for $500 Million IPO, Listing Expected September 2026
Edtech unicorn PhysicsWallah has received SEBI approval for its $500 million IPO, comprising a fresh issue of $300M and an OFS of $200M, with listing on NSE and BSE expected by September 2026.
Key Facts
| Detail | Value |
|---|---|
| Deal size | $500 M |
| Stage | IPO |
| Valuation | $3.4 |
| Headquarters | Noida, India |
| Sector | Physicswallah |
| Coverage | Startup News |
Noida-based edtech company PhysicsWallah (PW) received SEBI approval on July 3, 2026 for its long-awaited $500 million IPO, clearing the final regulatory hurdle before listing.
Deal Structure
Use of Fresh Issue Proceeds
Financial Snapshot (FY26)
Why It Matters
PW's approval sets a positive precedent for the beleaguered edtech sector after Byju's collapse. As the first profitable edtech IPO in India, its pricing will anchor valuations for Unacademy, Vedantu and Scaler when they eventually list.
Reported by Ananya Raghavan. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
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