PhysicsWallah IPO Details
The key details of PhysicsWallah’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹3,820.00 Cr |
| Price Range | Update soon |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | Update soon |
| Investment (cut-off price) | Update soon |
| Pre IPO Promotor Holding | 96.13% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
PhysicsWallah IPO Timelines
The IPO process for PhysicsWallah includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
Update soon
Start DateUpdate soon
End DateUpdate soon
Refund InitiationUpdate soon
Credit of Shares to Demat AcUpdate soon
Listing DatePhysicsWallah IPO Lot Size
| Application | Lot Size | Shares | Amount |
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PhysicsWallah IPO Subscription Status
The subscription status for PhysicsWallah IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
PhysicsWallah IPO Company Financials
PhysicsWallah reports robust performance in FY2025 with Total Income of ₹3,039.09 crores, managing expenses of ₹3,264.85 crores resulting in a loss of ₹243.26 crores, this reflects strategic investments in expansion and growth initiatives ahead of its anticipated public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹772.54 | ₹861.99 | -₹84.08 |
| FY 2024 | ₹2,015.35 | ₹3,279.26 | -₹1,131.13 |
| FY 2025 | ₹3,039.09 | ₹3,264.85 | -₹243.26 |
About Company
PhysicsWallah is a leading Indian edtech company that provides test preparation courses for competitive exams such as JEE, NEET, and UPSC, along with upskilling programs in fields like data science, banking and finance, and software development. The company operates through multiple online platforms including its website, mobile application, and social media channels, while also running tech-enabled offline and hybrid learning centers. As of July 15, 2025, PhysicsWallah is among the top five edtech companies in India by revenue and has built a strong digital presence with 13.7 million YouTube subscribers.
In the fiscal year 2025, the company served 4.13 million unique transacting online users and 0.33 million offline students, achieving an average collection per user of ₹3,682.79. PhysicsWallah operates 198 offline centers across the country and employs a total of 15,775 individuals, including 5,096 faculty members. The company has also contributed to academic resources by publishing 3,582 books, further strengthening its mission to make quality education accessible to learners nationwide.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2020 | Educational | Alakh Pandey |
Know Before Investing
PhysicsWallah IPO Strengths
- PhysicsWallah stands as the biggest homegrown online education brand, with a strong reputation among competitive exam aspirants and school students.
- The company combines online, offline, and hybrid learning formats, reaching users across 109 Indian cities and the Middle East.
- Over 119 million followers on social media, 64.5 million app downloads, and high YouTube subscriber numbers confirm deep brand penetration and user engagement.
- PhysicsWallah covers exam prep for JEE, NEET, government exams, board exams, and now professional and upskilling courses.
- The company has successfully integrated strategic acquisitions to broaden its course library and reach.
- Unlike some competitors that suffered severe crises, PhysicsWallah maintained its operations and continued to grow amid wider industry challenges.
PhysicsWallah IPO Risks
- Indian edtech remains exposed to regulatory changes, quality scrutiny, and reputational issues due to sector resets and past controversies.
- Rapid rollout of hybrid and offline centers requires sensitive execution and could pressure profitability if uptake lags.
- Despite lower net loss in FY25, the company is still not profitable, and future profitability depends on managing operating expenses and scaling further.
- Revenue is closely tied to exam seasons; fluctuations or changes in exams can materially affect business.
- Digital infrastructure and app-based operations carry heightened risk of outages and malicious attacks.
- Aggressive acquisition strategy could introduce cultural, operational, or financial challenges if not well-integrated.
Swot Analysis for PhysicsWallah IPO
Strengths
Multi-Channel Delivery, Affordability and Reach, Scalable Offline Expansion
Weaknesses
Faculty Retention Risks, Brand Perception Risk, Dependence on YouTube
Opportunities
Expanding Skill-Based Learning, Personalized EdTech Delivery, Content Ecosystem
Threats
Intense Edtech Competition, Economic Slowdowns, Tech Depends Risks
Company Details
PhysicsWallah Ltd.
Plot No. B-8, Tower A, 101-119, Noida One, Sector – 62, Gautam Buddha Nagar, Dadri, Noida 201 309, Uttar Pradesh, India
Phone: +91 9289926531
Email: investorsrelation@pw.live
Website: https://www.pw.live/
IPO Registar Details
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: physicswallah.ipo@in.mpms.mufg.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
FAQs
The key objectives of PhysicsWallah IPO are:
- Capital expenditure for fit-outs of new offline and hybrid centers of Company
- Expenditure towards lease payments of existing identified offline and hybrid centers operated by Company
- Capital expenditure for fit-outs of new offline centers of Xylem
- Investment in Subsidiary, Utkarsh Classes & Edutech Private Limited for expenditure towards lease payments for Utkarsh Classes’ existing identified offline centers
- Expenditure towards server and cloud related infrastructure costs
- Expenditure towards marketing initiatives
- Acquisition of additional shareholding in Subsidiary, Utkarsh Classes & Edutech Private Limited
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Kotak Mahindra Capital Co. Ltd. , JP Morgan India Pvt. Ltd. , Goldman Sachs (India) Securities Pvt. Ltd. , Axial Capital Pvt. Ltd. are the book-running lead managers for the PhysicsWallah IPO.
PhysicsWallah IPO shows strong growth potential supported by its 64.5 million app downloads, 119 million followers, and presence in 109 cities. Expanding hybrid centres, rising internet access, and focus on Tier II and III markets position it well to capture India’s growing digital education and upskilling demand.
The issue price for the PhysicsWallah IPO is set between ₹00 to ₹00 per share.
To invest in one lot of PhysicsWallah IPO, you need ₹00 at the lower price band (₹00 per share) or ₹00 at the upper price band (₹00 per share) for a lot size of 00 shares.
PhysicsWallah IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November [.], 2025.
Refund/unblocking of funds for PhysicsWallah IPO will begin on November [.], 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your PhysicsWallah IPO shares on listing day (November [.], 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.