PhysicsWallah Limited IPO
PhysicsWallah Limited IPO is listed on BSE and NSE, priced at ₹103–₹109 per share. The stock debuted at ₹145, delivering a listing gain of 33.0%. The IPO had a lot size of ₹137 shares and a minimum investment of ₹14,933.
PhysicsWallah Limited IPO
- IPO Dates
- Nov 11, 2025 – Nov 13, 2025
- Price band
- ₹103-109 per equity share
- Minimum Investment
- ₹14,933
- Issue size
- ₹3480 Cr
- Lot size
- 137
- Allotment Date
- Nov 14, 2025
- Listing
- Nov 18, 2025
- Listing At
- BSE, NSE
IPO timeline
-
Nov 11, 2025
Open Date
Completed
-
Nov 13, 2025
Close Date
Completed
-
Nov 14, 2025
Allotment Date
Completed
-
Nov 18, 2025
Listing Date
Completed
Price Summary
- Last closing
- 108.90 (-0.09%)
- 52 week high
- 161.99
- 52 week low
- 77.72
- Last update
PhysicsWallah Limited IPO Subscription Details
View Subscription DetailsPhysicsWallah Limited IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.
Last updated:PhysicsWallah Limited IPO Essentials
PhysicsWallah Limited IPO Details
PhysicsWallah Limited IPO is priced at ₹103-109 per share with a total issue size of 3480 crore. The IPO has a lot size of 137 shares and is listed on a BSE and NSE.
- Issue price
- ₹103-109 per equity share
- Lot size
- 137 shares
- Face value
- ₹1 Per Equity Share
- Issue size
- Total 3,480.00 Cr :
#Fresh Issue : 28,44,03,669 shares(aggregating up to ₹3,100.00 Cr) +
#OFS : 3,48,62,385 shares of ₹1(aggregating up to ₹380.00 Cr) - Total issue size
- 31,92,66,054 shares
(aggregating up to ₹3480 crore) - Fresh issue
- 28,44,03,669 shares
(aggregating up to ₹3100 crore) - Offer for sale (OFS)
- 3,48,62,385 shares
(aggregating up to ₹380 crore) - Listing at
- BSE, NSE
- List price
- 145.0(NSE)
- Listing date
- Registrar
- MUFG Intime India Pvt Ltd
- Lead manager
-
Kotak Mahindra Capital, J.P. Morgan, Goldman Sachs, Axis Capital
Market Lot Size
Investors can bid for a minimum of 137 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 137 | ₹14,933 |
| Retail(max) | 13 | 1,781 | ₹1,94,129 |
| sHNI(min) | 14 | 1,918 | ₹2,09,062 |
| sHNI(max) | 66 | 9,042 | ₹9,85,578 |
| sHNI(min) | 67 | 9,179 | ₹10,00,511 |
PhysicsWallah Limited IPO Reservation
PhysicsWallah Limited IPO reservation details show category-wise allocation of shares. Out of the total 319266055 shares, approximately 29.92% are reserved for QIB, 14.97% for NII, 9.98% for retail investors, 0.22% for employees, and 44.91% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 143380733 (44.91%) | |
| QIB Shares Offered | 95538505 (29.92%) | |
| NII (HNI) Shares Offered | 47783848 (14.97%) | |
| bHNI > ₹10L | 31855898 (10%) | 16609 |
| sHNI < ₹10L | 15927949 (5%) | 8304 |
| Retail Shares Offered | 31855898 (9.98%) | 232525 |
| Employee Shares Offered | 707071 (0.22%) | |
| Total Shares Offered | 319266055 (100%) |
PhysicsWallah Limited IPO Analytics
PhysicsWallah Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
PhysicsWallah Limited IPO Subscription Status
PhysicsWallah Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO is currently subscribed 1.91x, indicating moderate demand across investor categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 9,55,38,505 |
4,77,83,848
3,18,55,898
1,59,27,949
|
3,18,55,898 | 17,58,85,322 |
|
Day 1
11-11-25 05:00 PM
|
0.00 x |
0.03x
0.01x
0.05x
|
0.35 x | 0.07 x |
|
Day 2
12-11-25 05:00 PM
|
0.00 x |
0.06x
0.03x
0.11x
|
0.62 x | 0.14 x |
|
Day 3
13-11-25 05:00 PM
|
2.86 x |
0.51x
0.58x
0.37x
|
1.12 x | 1.91 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 208920 (Approx) | 0.07x | 0.3x | 0.85x |
PhysicsWallah Limited Valuations
Earnings
- EPS Pre IPO
- ₹-0.93/-
- EPS Post IPO
- ₹-1.76/-
- P/E Pre IPO
- -116.86
- P/E Post IPO
- -62.06
Returns
- RoNW
- -12.50%
- PAT Margin
- -8.43%
Fundamentals
- Price / Book
- 14.10
- Market Cap
- 31526.73 Cr.
PhysicsWallah Limited Financials( In Crs.)
| 30-Jun-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|---|
| Assets | 5,075.67 | 4,156.38 | 2,480.74 | 2,082.18 |
| Revenue | 905.41 | 3,039.09 | 2,015.35 | 772.54 |
| Profit After Tax | -127.01 | -243.26 | -1,131.13 | -84.08 |
| Net Worth | 1,867.92 | 1,945.37 | -861.79 | 62.29 |
| Reserves & Surplus | 787.92 | 467.06 | -1,254.74 | -187.65 |
| Total Borrowing | 1.55 | 0.33 | 1,687.40 | 956.15 |
PhysicsWallah Limited Company & Offer Insights
About PhysicsWallah Limited
PhysicsWallah Limited is an Indian education technology start-up founded by Alakh Pandey in 2016 in the form of a YouTube channel dedicated to physics education. The firm was officially incorporated as PhysicsWallah Private Limited on June 6, 2020. It offers both online and offline education solutions to students in class 6 to class 12 and students preparing for competitive exams like JEE, NEET, and UPSC.
Major Offerings:
Online Courses– Video lectures, live interactive sessions, and doubt-clearing sessions for JEE, NEET, UPSC, and board exams.
Offline Learning– More than 100 offline coaching centers spread throughout India, in addition to hybrid learning models.
Study Material– Books, notes, and test series for assisting exam preparation.
Mobile App & Website– Digital platforms providing affordable and accessible education.
Key Numbers:
4.13 million Unique Transacting users (Online) and 0.33 million students enrolled for offline centers.
Average collection per user: 3,930.55 as of June 30, 2025
Multiple courses across 13 education categories
303 total offline centers as of June 30, 2025
6,267 Faculty members as of June 30, 2025
18,028 employees as of June 30, 2025
4382 books published
PhysicsWallah Limited Promoter(s)
Alakh Pandey, Prateek Boob are the company's promoters of PhysicsWallah Limited.
PhysicsWallah Limited IPO Issue Objectives
- •
- Capital expenditure for fit-outs of new offline and hybrid centers of our Company – ₹460.55 Cr
- •
- Expenditure towards lease payments of existing identified offline and hybrid centers operated by our Company – ₹548.31 Cr
- •
- Capital expenditure for fit-outs of new offline centers of Xylem – ₹31.65 Cr
- •
- Lease payments for Xylem’s existing identified offline centers and hostels – ₹15.52 Cr
- •
- Investment in our Subsidiary, Utkarsh Classes & Edutech Private Limited for expenditure towards lease payments for Utkarsh Classes’ existing identified offline centers – ₹33.70 Cr
- •
- Expenditure towards server and cloud related infrastructure costs – ₹200.11 Cr
- •
- Expenditure towards marketing initiatives – ₹710.00 Cr
- •
- Acquisition of additional shareholding in our Subsidiary, Utkarsh Classes & Edutech Private Limited – ₹26.50 Cr
- •
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
PhysicsWallah Limited IPO - Anchor Investors
PhysicsWallah raises Rs 1,563 crore via anchor book.
The marquee global investors who participated in the anchor book were Goldman Sachs, Smallcap World Fund, Franklin Templeton, FundPartner Solutions, Fidelity Funds, TIMF Holdings, Pinebridge Global Funds, and Eastspring Investments.
Other domestic institutional investors such as ICICI Prudential MF, Kotak Mahindra AMC, Nippon Life India, 360 ONE, Aditya Birla Sun Life AMC, Motilal Oswal AMC, Tata MF, Invesco India, Edelweiss, Canara Robeco MF, PGIM India, IIFL Asset Management, Axis Max Life Insurance and Bharti Axa Life Insurance also showed strong interest in the edtech company by investing in the anchor book.
PhysicsWallah Limited IPO - Strengths and Risks
PhysicsWallah Limited IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
PhysicsWallah Limited
+91 9289926531
B 8, Block B, Industrial Area, Sector 62,, Noida, Uttar Pradesh 201309
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
PhysicsWallah Limited IPO is a book-built IPO worth ₹3480 crore. The price band is ₹103–₹109 per share. The IPO opens on Nov 11, 2025 and closes on Nov 13, 2025. It will be listed on BSE and NSE. MUFG Intime India Pvt Ltd is the registrar.
The price band of PhysicsWallah Limited IPO is ₹103 to ₹109 per share.
The lot size of PhysicsWallah Limited IPO is 137 shares.
The minimum investment for PhysicsWallah Limited IPO is approximately ₹14,933 based on the upper price band .
PhysicsWallah Limited IPO opens on Nov 11, 2025 and closes on Nov 13, 2025.
The allotment date of PhysicsWallah Limited IPO is Nov 14, 2025.
PhysicsWallah Limited IPO is expected to be listed on Nov 18, 2025, on BSE and NSE .
PhysicsWallah Limited IPO listed on Nov 18, 2025. It was issued at ₹145.0(NSE) and is currently around ₹108.90 as on 30-Apr-2026 3:30 PM, which is approximately -0.1% versus issue price. The 52-week high is ₹161.99.
Based on listing and post-listing performance, PhysicsWallah Limited IPO delivered around -0.1% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy PhysicsWallah Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
PhysicsWallah Limited IPO valuation snapshot: P/E -62.06, EPS ₹-1.76/-, P/B 14.10, RoNW -12.50%, and market cap 31526.73 Cr.
To apply for PhysicsWallah Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of PhysicsWallah Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for PhysicsWallah Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check PhysicsWallah Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the PhysicsWallah Limited IPO allotment status on IPO Ji for quick and easy access.