Physics Wallah Founders Alakh Pandey and Prateek Boob Become Billionaires Ahead of IPO

Physics Wallah Ltd., an education technology company supported by WestBridge, announced its IPO price range of INR 103–109 per share, propelling its founders, Alakh Pandey and Prateek Boob, into the billionaire ranks. The company's highest valuation is INR 31,170 crore. Pandey and Boob each own 105.12 crore shares, which amounts to 40.31% of the business.

Their respective interests at the highest price range are worth INR 11,458 crore, or almost $1.29 billion apiece. The draft red herring prospectus (DRHP) states that they will pay very little to acquire these shares.

Pandey and Boob Brains Behind PhysicsWallah

The business's CEO and full-time director, Pandey, is well-known for his unorthodox path. Having finished higher secondary school at Bishop Johnson School and College in Prayagraj, he has more than five years of experience in the education technology field despite not having a formal higher education degree. Boob, who joined Physics Wallah on July 1, 2020, is a full-time director who oversees the organisation's strategy and innovation projects.

Boob, a mechanical engineering graduate of the Indian Institute of Technology (BHU), Varanasi, has over ten years of edtech expertise and was previously employed at Caterpillar India Pvt Ltd. PhysicsWallah gave its shareholders a 35:1 bonus share allocation in March 2025. As of June 2024, both founders owned 3 crore shares each, or 50% of the corporation, prior to the bonus.

Investors of Physics Wallah

WestBridge AIF has 16.8 crore shares, or 6.4% of the total, valued at INR 1,820 crore among institutional investors. Lightspeed Opportunity Fund owns 4.66 crore shares, valued at INR 509 crore, while Hornbill Capital Partners owns 11.52 crore shares, or 4.41%, valued at INR 1,255 crore. 3.64 lakh shares, worth INR 396 crore, are held by Setu AIF Trust.

For these investors, the weighted average acquisition cost is not disclosed in the DRHP. The online learning platform based in Noida intends to generate INR 380 crore through a selling offer and INR 3,100 crore through a new issuance. The anchor book will open on November 10, and the initial public offering (IPO) will be available for subscriptions on November 11 and close on November 13.