India, March 18 -- After months of speculation, edtech unicorn PhysicsWallah has reportedly filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an INR 4,600 Cr ($531.4 Mn) initial public offering (IPO) via the confidential filing route.

Citing sources, Moneycontrol reported that a large component of the public offering would be an offer for sale (OFS).

PhysicsWallah, which has raised over $310 Mn since inception in 2016, counts the likes of Lightspeed Venture Partners, GSV, WestBridge, among its investors. The names of the investors who will be offloading shares during the IPO are yet to be discerned.

PhysicsWallah declined to comment on Inc42's queries regarding the confidential fil...