This is an archive article published on June 5, 2023

BYJU’S Aakash to launch IPO next year

Edtech major BYJU'S will launch the Initial Public Offering (IPO) of its test preparatory arm Aakash Education Services Limited by middle of next year, the company said on Monday.

"BYJU'S... will launch the Initial Public Offering (IPO) of its subsidiary, Aakash Education Services Limited (AESL) mid next year," BYJU'S said in a statement. (File image)

By: PTI

2 min readNew DelhiJun 5, 2023 02:17 PM IST First published on: Jun 5, 2023 at 02:17 PM IST

Edtech major BYJU’S will launch the Initial Public Offering (IPO) of its test preparatory arm Aakash Education Services Limited by middle of next year, the company said on Monday.

Aakash Education Services Limited (AESL) revenue is on track to reach Rs 4,000 crore with an EBITDA (operational profit) of Rs 900 crore in the fiscal year 2023-24, the company said in a statement.

“BYJU’S… will launch the Initial Public Offering (IPO) of its subsidiary, Aakash Education Services Limited (AESL) mid next year,” BYJU’S said in a statement.

The board of BYJU’S has granted its official sanction for the IPO.

“The appointment of the merchant bankers for the IPO will be announced soon to ensure a planned and successful listing next year.