PhysicsWallah Limited – IPO
PhysicsWallah Limited – IPO Details
| IPO Date | November 11, 2025 to November 13, 2025 |
| Listing Date | November 18, 2025 |
| Face Value | ₹ 1 / Share |
| Price Band | ₹ 103 to ₹ 109 / Share |
| Lot Size | 137 Shares |
| Total Issue Size | 31,92,66,054 shares (Aggregating up to ₹3,480.00 Cr) |
| Fresh Issue | 28,44,03,669 shares (Aggregating up to ₹3,100.00 Cr) |
| Offer for Sale | 3,48,62,385 shares of ₹1 (Aggregating up to ₹380.00 Cr) |
| Employee Discount | ₹10.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 2,60,79,56,938 shares |
| Share holding post issue | 2,89,23,60,607 shares |
| Market Maker portion |
PhysicsWallah Limited Timeline (Tentative Schedule)
PhysicsWallah Limited IPO opens on November 11, 2025, and closes on November 13, 2025.
| IPO Open Date | November 11, 2025 |
| IPO Close Date | November 13, 2025 |
| Basis of Allotment | November 14, 2025 |
| Initiation of Refunds | November 17, 2025 |
| Credit of Shares to Demat | November 17, 2025 |
| Listing Date | November 18, 2025 |
| Cut-off time for UPI mandate confirmation | November 13, 2025 |
PhysicsWallah Limited IPO 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 Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 137 | Rs.14,933 |
| Retail (Max) | 13 | 1,781 | Rs.194,129 |
| S-HNI (Min) | 14 | 1,918 | Rs.209,062 |
| S-HNI (Max) | 66 | 9,042 | Rs.985,578 |
| B-HNI (Min) | 67 | 9,179 | Rs.1,000,511 |
| HNI (Min) |
PhysicsWallah Limited IPO Promoter Holding
| Share Holding Pre Issue | 81.64% |
| Share Holding Post Issue |
PhysicsWallah Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not less than 75% |
|
| NII (HNI) Shares Offered | Not more than 15% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not more than 10% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
PhysicsWallah Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About PhysicsWallah Limited
Physicswallah is an edtech company offering test preparation courses for various competitive examinations like JEE, NEET, UPSC, etc. and upskilling courses like Data science and analytics, banking and finance, software development, etc. It offers online services via social media channels, website and apps and also offers techenabled offline centers and hybrid centers. It is among the top 5 edtech companies in terms of revenues in India and has 13.7 million subscribers on YouTube as of July 15, 2025.
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
Competitive strengths
- 4.46 million Total Number of Paid Users in Fiscal 2025, grew at a CAGR of 59.19% from fiscal 2023 to 2025
- Presence across a large number of education categories in India with courses offered through multiple channel
- Proprietary technology-stack enhances students’ learning experience
- Specialized faculty members across categories, quality content and well-planned curriculum
- Experienced management team led by our visionary founders
Key Performance Indicator
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | |
| ROCE | |
| Debt/Equity | |
| RoNW | -12.50% |
| P/BV | 14.10 |
| PAT Margin (%) | -8.43% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | -0.93 | -1.76 |
| P/E (x) | -116.86 | -62.06 |
Note:
- The Pre IPO EPS is calculated based on Pre-IPO shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2025, that is available in RHP.
Objects of the Issue (PhysicsWallah Limited IPO Objectives)
PhysicsWallah Limited 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 Limited IPO Registrar
MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: [email protected] Website: https://linkintime.co.in/Initial_Offer/public-issues.html |