IPO

Physicswallah Ltd. IPO

Physicswallah Ltd., established in 2020, operates in the Education - Coaching/Study Material/Others sector. The company's IPO opened on November 11, 2025 and closed on November 13, 2025, with an issue ... Read more

Min Investment
₹ 14,933 / 137 shares
Price Range
₹103 - ₹ 109
Bidding Dates
11 Nov '25 - 13 Nov '25
Total Issue Value
3,480.71 Cr
Lot Size
137
Total Issue Size
3,480.71 Cr
Listing At
Subscription
1.91 times
BSE Price
132.40 (21.47%)
NSE Price
132.81 (21.84%)

IPO Timeline

  • 11 Nov 2025
    Bidding Starts
  • 13 Nov 2025
    Bidding Ends
  • 14 Nov 2025
    Allotment Finalization
  • 18 Nov 2025
    Listing

About Physicswallah Ltd.

We offer test preparation courses for competitive examinations, and other courses such as for upskilling. Our channels of delivery include – (i) online, which includes our website and apps; (ii) tech-enabled offline centers (where our faculty conducts live classes in a physical center); or ... Read more

Parent organisation
Founded
Physicswallah Ltd.
2020

Physicswallah Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 14,33,80,733 (44.9%)
Employee Reserved 7,07,070 (0.22%)
Non Institutional Investors 4,77,93,577 (14.97%)
Qualified Institutional Buyers (QIBs) 9,55,87,156 (29.93%)
Retail Individual Investors (RIIs) 3,18,62,385 (9.98%)

Physicswallah Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2025 2,495.61 Cr -94.05 Cr 919.78 Cr
31 Mar 2024 1,615.20 Cr -1,007.59 Cr -866.16 Cr
31 Mar 2023 798.03 Cr 16.05 Cr 938.08 Cr

Physicswallah Ltd. Background

Major Events And Milestones
  • 2020
    Incorporation of our Company
    Launched the digital e-learning app on play store “Physics Wallah”
    Launched courses for JEE and NEET category
  • 2021
    Launched our first Pathshala center in New Delhi, Delhi, India
    Commenced business of publication and sale of study material books
  • 2022
    Launched our first Vidyapeeth center in Kota, Rajasthan, India
    Launched first “PhysicsWallah National Scholarship Admission Test”, operated in online and offline formats.
    Launched the digital e-learning app “Physics Wallah” on iOS
    Launched our website “pw.live”
  • 2023
    Acquisition of our Subsidiaries, namely, “Xylem Learning Private Limited” and “Utkarsh Classes & Edutech Private Limited”
  • 2024
    Launched “AI Guru” which is an AI backed tool that provides personalized support to students for queries in the form of text, image, and audio responses.
  • 2025
    Memorandum of Understanding with an association to provide educational support to the families of Central Reserve Police Force personnel.
    Partnered with Yashwantrao Chavan Maharashtra Open University with an aim to offer regular onlineclasses and real-time doubt resolution facilities to students.
Physicswallah Ltd. Object of Issues

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. Investment in our Subsidiary, Xylem Learning Private Limited for expenditure towards:
(i) capital expenditure for fit-outs of new offline centers of Xylem (“New Xylem Centers”)
(ii) lease payments for Xylem’s existing identified offline centers and hostels
4. Investment in our Subsidiary, Utkarsh Classes & Edutech Private Limited for expenditure towards lease payments for Utkarsh Classes’ existing identified offline centers
5. Expenditure towards server and cloud related infrastructure costs
6. Expenditure towards marketing initiatives
7. Acquisition of additional shareholding in our Subsidiary, Utkarsh Classes & Edutech Private Limited
8. Funding inorganic growth through unidentified acquisitions and general corporate purposes

Physicswallah Ltd. IPO Listing Details
Listing Date
18 Nov 2025
ISIN
INE0LP301011
Final Issue Price
₹ 109
Physicswallah Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price ₹ 109.00 ₹ 109.00
Open ₹ 143.10 ₹ 145.00
Low ₹ 138.50 ₹ 137.35
High ₹ 162.05 ₹ 161.99
Last Trade ₹ 155.20 ₹ 155.24
Physicswallah Ltd. Company Promoters

1. Alakh Pandey
2. Prateek Boob

Industry Overview

India's education sector ranks among the largest worldwide, driven by its scale and continued investment. India’s test preparation market is projected to grow at a CAGR of approximately 13% to reach ?1.9 trillion to ?2.1 trillion by Fiscal 2030. The online education market is witnessing ... Read more

Physicswallah Ltd. IPO Registrar
MUFG Intime India Pvt. Ltd.
C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai Maharashtra - 400083
8108114949
Physicswallah Ltd. IPO Lead Manager(s)
Goldman Sachs (India) Securities Pvt. Ltd.
9th and 10th Floor, Ascent-Worli, Sudam Kal Ahire Marg Worli, Mumbai Maharashtra - 40025
66169000

FAQs

When does Physicswallah Ltd. IPO opens and closes?

Physicswallah Ltd. IPO opens from 11th November to 13th November 2025.

What is the size of Physicswallah Ltd. IPO?

The size of the Physicswallah Ltd. IPO is ₹3,480.71 Cr.

What is the price range of Physicswallah Ltd. IPO?

The price range of Physicswallah Ltd. IPO is at ₹103 to ₹109 per share.

What is the minimum investment and lot size required for the Physicswallah Ltd. IPO?

The minimum investment required is ₹14,933 and minimum lot size is 137 shares.

When is Physicswallah Ltd. IPO listing date?

The Physicswallah Ltd. IPO will be listed on 18th November 2025.

What is the objective of Physicswallah Ltd. IPO?

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. Investment in our Subsidiary, Xylem Learning Private Limited for expenditure towards:
(i) capital expenditure for fit-outs of new offline centers of Xylem (“New Xylem Centers”)
(ii) lease payments for Xylem’s existing identified offline centers and hostels
4. Investment in our Subsidiary, Utkarsh Classes & Edutech Private Limited for expenditure towards lease payments for Utkarsh Classes’ existing identified offline centers
5. Expenditure towards server and cloud related infrastructure costs
6. Expenditure towards marketing initiatives
7. Acquisition of additional shareholding in our Subsidiary, Utkarsh Classes & Edutech Private Limited
8. Funding inorganic growth through unidentified acquisitions and general corporate purposes

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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