<ul><li>Physics Wallah has selected Axis Capital, Kotak Mahindra Capital, Goldman Sachs, and JP Morgan as investment bankers for its upcoming IPO.</li><li>The IPO is expected to raise around $400 Mn to $500 Mn through a mix of fresh issuance of shares and offer for sale.</li><li>Physics Wallah raised $210 Mn last month in a funding round led by Hornbill Capital, doubling its valuation to $2.8 Bn.</li><li>Founded in 2020, Physics Wallah offers courses for K-12 students, test preparation, UPSC coaching, and reported a decline in net profit for FY23.</li></ul>

Physics Wallah Selects 4 Investment Bankers For $500 Mn IPO

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