Imarticus Learning To File DRHP With SEBI In Upcoming Months For IPO

As per news reports, Imarticus Learning will file a Draft Red Herring Prospectus (DRHP) with SEBI in the next 4-5 months. Facilitated by IIFL, the company plans to obtain SEBI’s approval by September 2025 and get publicly listed by early FY 2027.

Organisations like Simplilearn, Classplus, and PhysicsWallah have already launched IPOs in the previous year.

IPO Details

Imarticus Learning expects to raise at least ₹750 crore to fund its initiatives for business expansion. It aims to strengthen its position in the edtech industry by acquiring more companies and diversifying its existing range of courses. As per news reports, the offer size will include a secondary share sale worth ₹500 crore and a primary issuance of ₹250 crore.

Imarticus’ Early Investors

Some of the early investors of the company include Caspian, Global Ivy Ventures, and BLinC Invest. In 2023, the company had raised US$11.7 million in a Series C round of funding. Currently, industry experts have valued it at around US$123 million.

Imarticus Learning Is A L&D company

Imarticus Learning perceives itself as an education company and hence will not position itself as an edtech company with SEBI. Its DRHP will exclude the word “edtech”. It is the leading provider of finance courses in India. It initially started with a small centre in Mumbai in 2012 and gradually expanded its presence to other cities like Bengaluru, Pune, and Hyderabad.

Overview of Digital Education Companies in India

India’s tech enablement industry comprises over 17,000 companies. This includes over 1,00,000 companies that have collectively raised roughly US$14 billion in private equity and venture capital. Of these, nearly 7 companies are now unicorns and 324 are Series A+ funded.

Conclusion

Despite facing market volatility, India’s edtech sector is focusing on future growth plans by merging with other companies and introducing industry-relevant courses. Imarticus Learning’s IPO issue is expected to attract new investors confident of investing in the nation’s edtech industry.

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