PhysicsWallah Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹11(10.09%)
Premium (ELP)
Having completed its public offering, PhysicsWallah Limited's is now listed and trading on the NSE, BSE exchange as of Nov 18, 2025. The IPO raised cumulative capital of 31,92,66,055 Shares, including 28,44,03,670 Shares in primary capital infusion and ₹380.00 Cr in secondary market transactions.
The IPO was conducted with a price range of ₹103 to ₹109 and minimum investment requirement of 137 shares. subscription activity between Nov 11, 2025 and Nov 13, 2025 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Nov 14, 2025 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
The company is a leading EdTech platform offering online, offline, and hybrid test preparation for exams like JEE, NEET, and UPSC, along with upskilling courses in Data Science, Finance, and Software Development. As of July 15, 2025, it had 13.7 million YouTube subscribers, 4.13 million online transacting users, and 0.33 million offline enrolled students, totaling 4.46 million paid users with a CAGR of 59.19% from FY23 to FY25. It operates 198 tech-enabled hybrid centers, has 5,096 faculty members, and employs 15,775 people. The company has published 3,582 books and ranks among the top five EdTech firms in India by revenue. IPO proceeds will primarily be used for expanding offline and hybrid centers (₹1,056 crore), upgrading server and cloud infrastructure (₹200 crore), marketing (₹710 crore), acquisitions and investments (₹107 crore), and other corporate purposes.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Omni-Channel Learning: Offers online, offline, and hybrid modes, covering diverse student needs and maximizing reach.
- Strong User Base & Brand Trust: 13.7M YouTube subscribers and 4.46M paid users demonstrate high brand recognition and engagement across India.
- Proprietary Technology: In-house platforms improve learning experience, reduce external reliance, and support cost-efficient scaling.
- Ongoing Losses & Negative Net Worth: Reported losses of ₹2,432.58M (FY25), ₹11,311.30M (FY24), and ₹840.75M (FY23) may strain liquidity and affect investor confidence.
- Dependence on Students & Faculty: Performance relies on student enrolments and faculty retention; any decline could hurt revenue and growth.
- Competitive & Costly Expansion: Faces strong competition from EdTech leaders and financial pressure from capital and lease costs of new centers.
- Alakh Pandey
- Prateek Boob
PhysicsWallah Limited
Link Intime India Private Limited