New Delhi, Feb. 26 -- Companies, especially startups, may increasingly be pursuing the path of confidential IPO filings to keep their listing timelines flexible and manage market volatility, people familiar with the public markets said.

Edtech company PhysicsWallah, which raised additional capital from existing investor Westbridge, is expected to make a confidential filing for an initial public offering over the next three weeks, a person familiar with the company's plans said.

PhysicsWallah did not immediately respond to a request for comment on Tuesday.

Confidential filings allow companies to keep sensitive information private for a longer duration and submit updated documents only closer to the actual share sale. It also allows them...