PhysicsWallah IPO GMP

November 6, 2025 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

PhysicsWallah IPO opens on November 11, 2025, and closes on November 13, 2025, with a price band set at ₹103 to ₹109 per share. The edtech unicorn aims to raise ₹3,480 crore, comprising a fresh issue of ₹3,100 crore and an offer for sale of ₹380 crore. PhysicsWallah offers test preparation and upskilling courses across online, offline, and hybrid channels, serving over 13.7 million YouTube subscribers and 64.5 million app downloads. PhysicsWallah IPO presents an attractive entry point for investors seeking exposure to India’s evolving edtech sector.

₹5

Latest IPO GMP

Last updated on 08 Nov 2025 19.35

₹109

IPO Offer Price

*cut off price

₹

Listing Price

Listing Date 18/11/2025

Expert Opinions

Market sentiment around PhysicsWallah IPO is cautiously positive as the company enters the public market amid ongoing growth in India’s edtech sector. PhysicsWallah’s strengths include a large and loyal user base with over 100 million YouTube subscribers, a hybrid learning model blending online and offline education, and consistent revenue growth with EBITDA profitability emerging since FY2023.

Risks involve a negative Return on Net Worth (RONW) of -12.50%, moderate EBITDA margin of 6.69%, regulatory uncertainties, and intense competition in the edtech space. The valuation analysis for the Financial Year 2025 highlights PhysicsWallah IPO’s financial profile with an NAV of ₹7.73, reflecting investments in expansion. From a long-term perspective, the IPO offers exposure to India’s growing demand for affordable, quality education and scalable technology-driven learning solutions, suited for investors with a patient outlook aiming to benefit from sector expansion and digital adoption trends.

Investor Considerations

PhysicsWallah IPO has garnered a cautiously positive market sentiment as it prepares to list amid India’s rapidly growing edtech sector. The company’s strengths include a large user community with 13.7 million subscribers on its main YouTube channel and a hybrid education delivery model spanning online and offline platforms. Challenges include a negative Return on Net Worth (RONW) of -12.50%, modest EBITDA margin of 6.69%, and regulatory uncertainties in the education space.

According to the PhysicsWallah IPO financial report for 2025, the Net Asset Value (NAV) is ₹7.73. Despite short-term losses, the company’s scalable business model and strong brand recognition position it for long-term growth amid increasing digital adoption in education. This IPO may appeal to investors looking for exposure to India’s evolving education technology landscape with a patient investment horizon.