The PhysicsWallah IPO began on 11-November-2025. It will close on 13-November-2025. The Total IPO Size is 3,480.00 Crores. The company set its IPO price at 109 Rs Per Share.
There are three basic categories in PhysicsWallah IPO Subscription: 1) Qualified Institutional Buyers, 2) Non-Institutional Investors, and 3) Retail.
PhysicsWallah is the top 5 education companies in terms of revenue in India which offer test preparation courses for competitive examinations, and other courses such as for upskilling.
They have channels of delivery include –
(i) online, which includes the social media channels, website and apps;
(ii) techenabled offline centers (where the faculty conducts live classes in a physical center); or
(iii) hybrid centers (the two-teacher model where a student attends a live online classes at a physical center and can benefit from another faculty that is present at the center to resolve questions and participate in revision classes)
They have the largest in India in terms of student community, with our main YouTube channel, “Physics Wallah-Alakh Pandey” having ~13.7 million subscribers as of July 15, 2025.
PhysicsWallah IPO Promoters
Alakh Pandey and Prateek Boob are the promoters of the company.
PhysicsWallah IPO Date, Details & Price Band
The PhysicsWallah IPO Price Band, IPO Dates, Market lot and other details mentioned in the table below.
| IPO Opening Dates | 11-November-2025 |
| IPO Closing Dates | 13-November-2025 |
| Price | 103-109 Rs |
| Fresh Issue | 3,100.00 Cr |
| Offer for sale | 380.00 Cr |
| Total IPO size | 3,480.00 Cr |
| Employee Discount | 10 INR Per Share |
| Face Value | 1 INR Per Share |
| Issue Type | Book Built Issue |
| QIB Allocation | 75% |
| HNI Allocation | 15% |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
| Market Cap | 31,170 Cr |
PhysicsWallah IPO Market Lot
The PhysicsWallah IPO minimum market lot is 137 shares with a 14,933 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 137 | 14,933 ₹ |
| Retail Maximum | 13 | 1,781 | 1,94,129 ₹ |
| S-HNI Minimum | 14 | 1,918 | 2,09,062 ₹ |
| S-HNI Maximum | 66 | 9,042 | 9,85,578 ₹ |
| B-HNI Minimum | 67 | 9,179 | 10,00,511 ₹ |
Restated Consolidated Financial Information (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | |
| 30-Jun-25 | 5,075.67 | 905.41 | -127.01 |
| 31-Mar-25 | 4,156.38 | 3,039.09 | -243.26 |
| 31-Mar-24 | 2,480.74 | 2,015.35 | -1,131.13 |
| 31-Mar-23 | 2,082.18 | 772.54 | -84.08 |
PhysicsWallah IPO (Object of the Issue)
1. Capital expenditure for fit-outs of new offline and hybrid centers of our Company
2. Expenditure towards lease payments of existing identified offline and hybrid centers operated by our Company
3. capital expenditure for fit-outs of new offline centers of Xylem (“New Xylem Centers”)
4. lease payments for Xylem’s existing identified offline centers and hostels
5. Investment in our Subsidiary, Utkarsh Classes & Edutech Private Limited for expenditure towards lease payments for Utkarsh Classes’ existing identified offline centers
6. Expenditure towards server and cloud related infrastructure costs
7. Expenditure towards marketing initiatives
8. Acquisition of additional shareholding in our Subsidiary, Utkarsh Classes & Edutech Private Limited
9. Funding inorganic growth through unidentified acquisitions and general corporate purposes
PhysicsWallah IPO GMP & Grey Market Premium
The PhysicsWallah IPO GMP (Grey Market Premium) has started today. Check the Latest PhysicsWallah IPO GMP, Kostak Rates, and Subject to Sauda Price here.
PhysicsWallah IPO Prospectus
The PhysicsWallah IPO Prospectus is Available on the NSE/BSE and SEBI websites, as well as on our Portal. Please click here to download the PhysicsWallah IPO Prospectus.
| DRHP | Download |
| RHP | Download |
| Anchor Investor List | Download |
PhysicsWallah IPO Allotment Date & Details
| Allotment Date | 14-Nov-2025 |
| Initiation of refunds | 17-Nov-2025 |
| Transfer of shares to Demat accounts | 17-Nov-2025 |
| Listing Date | 18-Nov-2025 |
| Check Allotment Status | Click here |
Registrar of PhysicsWallah
MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
C-101, 1st Floor, 247 Park, L.B.S.
Marg, Vikhroli (West), Mumbai 400
083, Maharashtra, India
Telephone: +91 810 811 4949
E-mail: [email protected]
Investor Grievance Email:[email protected]
Website: www.in.mpms.mufg.com
Contact Person: Shanti Gopalkrishnan
PhysicsWallah Contact Details
PhysicsWallah Ltd.
B 8, Block B,
Industrial Area, Sector 62,
Noida, Uttar Pradesh, 201309
Phone: +91 9289926531
Email: [email protected]
Website: https://www.pw.live/
PhysicsWallah IPO Lead Managers
Axis Capital Limited
J.P. Morgan India Private Limited
Goldman Sachs (India) Securities Private Limited
Kotak Mahindra Capital Company Limited
