PhysicsWallah Ltd. IPO | Top 5 things you must know | CA Rachana Ranade

"the restated loss for the period is how much you can see all the losses. You can also see that they had negative net worth again mentioned in their prospectus. And they have very clearly mentioned that if you are unable to generate adequate revenue growth and manage our expenses and cash flows as we grow, we may continue to incur losses in the future which may negatively affect our financial condition. Okay, that is the biggest risk I feel. If they're not able to grow at the pace at which they are growing and if the expenses are at an elevated position, they're saying that we may continue to incur losses in the future as well."

"our failure to offer these education categories or increasing enrollments in other education categories could adverse could have an adverse impact on our operations and cash flow. If they are not able to grow this category of need J and also diversify into other categories and grow them it can again adversely impact the business from operations."

"six cities account for almost 40% of their offline revenue. Okay with six cities Delhi, Patna, Calikat, Kota, Lucknau and Kolkata these are accounting for almost 40% of their revenue from offline centers. You can imagine if even if in one of the cities there is a dent in their revenue, can that impact the business? Yes. Now just to give you a classic example, you can see here for Kota, Kota was accounting for 43% of their offline revenue. And if you see here, it has gone down and down to 4% of their total revenue from offline operations."

"all these are rupees and millions. So if I were to convert again almost 122 crores from Kota in 2023 from 122 crores it has dropped to roughly 56 57 crores in 2025."

"weighted average cost of acquisition per share is below one pesa."