PhysicsWallah Ltd. IPO Details – Price, Date, GMP & Analysis
Listed
Mainboard
Price Range:
Rs.109.00
Issue Size:
Rs.3,480.00 Cr
Lot Size:
137 shares
Open Date:
November 11
PhysicsWallah Ltd. IPO Overview
Bidding Dates
November 11 - November 13
Min Investment
₹14,933
Price Range
₹109.00
Issue Size
₹3,480.00 Cr
IPO DRHP Doc
Company Overview
PhysicsWallah is an edtech company providing test preparation courses for competitive exams like JEE, NEET, and UPSC, along with upskilling courses in data science, banking, and software development. It operates online through social media, its website, and apps, and has tech-enabled offline and hybrid centers. The company ranks among the top 5 edtech firms in India by revenue and had 13.7 million YouTube subscribers as of July 15, 2025.
IPO Timeline
Opens
Nov 11
Closes
Nov 13
Allotment
Nov 14
Refunds
Nov 17
Shares Credit
Nov 17
Listing
Nov 18
Opens
Nov 11
Closes
Nov 13
Allotment
Nov 14
Refunds
Nov 17
Shares Credit
Nov 17
Listing
Nov 18
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 2.86x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 0.51x | Partially Subscribed |
| RII (Retail Individual Investors) | 1.14x | Oversubscribed |
| Total Subscription | 1.92x | Oversubscribed |
Last updated: Nov 13, 2025, 06:21 PM
Current GMP:
Rs.14
Est. Listing:
Rs.123
Est. Gain:
+12.8%
Star Rating:
★★★★★(0/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2025 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Assets | ₹4,156.38 Cr | ₹4,156.38 Cr | ₹2,480.74 Cr | ₹2,082.18 Cr |
| EBITDA | ₹193.2 Cr | ₹193.2 Cr | ₹829.35 Cr | ₹13.86 Cr |
| NET Worth | ₹1,945.37 Cr | ₹1,945.37 Cr | ₹861.79 Cr | ₹62.29 Cr |
| Profit After Tax | ₹243.26 Cr | ₹243.26 Cr | ₹1,131.13 Cr | ₹84.08 Cr |
| Reserves and Surplus | ₹467.06 Cr | ₹467.06 Cr | ₹1,254.74 Cr | ₹187.65 Cr |
| Total Borrowing | ₹0.33 Cr | ₹0.33 Cr | ₹1,687.4 Cr | ₹956.15 Cr |
| Total Income | ₹3,039.09 Cr | ₹3,039.09 Cr | ₹2,015.35 Cr | ₹772.54 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- 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 many 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
IPO Details
PhysicsWallah IPO Details
| Employee Discount | ₹10.00 |
| Face Value | ₹1 per share |
| Fresh Issue | 28,44,68,537 shares (aggregating up to ₹3,100.71 Cr) |
| IPO Date | November 11, 2025 to November 13, 2025 |
| Issue Price Band | ₹103 to ₹109 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Listing Date | November 18, 2025 |
| Lot Size | 137 Shares |
| Offer for Sale | 3,48,62,384 shares of ₹1 (aggregating up to ₹380.00 Cr) |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Share Holding Post Issue | 2,89,24,25,475 shares |
| Share Holding Pre Issue | 2,60,79,56,938 shares |
| Total Issue Size | 31,93,30,921 shares (aggregating up to ₹3,480.71 Cr) |
PhysicsWallah IPO Reservation
Share Reservation Distribution
QIB
238,967,889 shares (74.83%)
Anchor Investors
143,380,733 shares (44.9%)
QIB (Ex-Anchor)
95,587,156 shares (29.93%)
HNI (NII)
47,793,577 shares (14.97%)
bNII (>₹10L)
31,862,385 shares (9.98%)
Retail
31,862,385 shares (9.98%)
sNII (<₹10L)
15,931,192 shares (4.99%)
Employee
707,070 shares (0.22%)
PhysicsWallah IPO Promoter Holding
| Promoter Holding Post Issue | 71.48% |
| Promoter Holding Pre Issue | 81.64% |
PhysicsWallah IPO Listing Details
| BSE Script Code | 544609 |
| Final Issue Price | [.] |
| ISIN | INE0LP301011 |
| Listing Date | November 18, 2025 |
| NSE Listing Group | EQ (Rolling) |
| NSE Symbol | PWL |
Key Dates
Open Date:November 11
Close Date:November 13
Listing Date:November 18
