If you are also waiting for the next IPO, then you can get opportunities to earn money in the coming days. Indeed, Eduetec Unicorn Physicswala is also preparing to bring an IPO. According to PTI news, the company has filed draft IPO papers with the capital market regulator SEBI through a confidential pre-filing route. The confidential pre-filing route prevents the company from making details information under the Draft Red Herring Prospectus (DRHP).
The company also made it clear
According to the news, Noid-based Physicswala said in a public announcement that it has filed a pre-DRHP with SEBI and Stock Exchange under ICDR regulations regarding the proposed public offer of its equity shares on the mainboard of stock exchanges. However, it clarified that pre-filing DRHP does not guarantee that the company would proceed with the initial public offering (IPO). Established in 2020, Physicswala is presence in online, offline and hybrid mode. It reaches 98 percent of the Indian PIN code.
A handful of companies included in the list of companies
Physicswala joined the list of a handful of companies who adopted a confidential filing route for their IPOs. Earlier last year, online food distribution company Swiggy and Supermart chief Vishal Mega Mart successfully started their respective shares after making confidential filing. Let me tell you, in September last, Physicswala announced a raising of US $ 2.5 times more in the funding round under the leadership of Hornbill Capital on an evaluation of US $ 2.8 billion.
These companies also chose confidential filing route
Prior to Physicswala, online hotel aggregator Oyo adopted a confidential filing route in the year 2023, but did not proceed with the initial stock sales. The Tata Play, earlier known as Tata Sky, was the first company in India to use the confidential pre-filing of the draft papers option for the IPO in December 2022 and obtained the Regulatory Overview letter in April 2023. However, the company did not proceed with the public issue. Experts said that under the pre-filing route, there is no pressure on the company to go to the IPO.
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