PhysicsWallah IPO subscribed 1.92 times overall on the last day. A retail quota was subscribed over 1.14 times, NII was subscribed over 0.51 times, and QIB was subscribed over 2.86 times.
PhysicsWallah IPO details
PhysicsWallah IPO received approval from SEBI for an IPO of ₹3,480 crores, wherein fresh issue was ₹3,100 crores and offer for sale was up to 3,48,62,385 equity shares with face value of ₹1 each. The Company has a price band of ₹103 to ₹109 per share.
How many shares did investors receive in this IPO??
- Retail minimum investors got 137 shares in 1 lot size.
- Retail Maximum investors got 1,781 shares, 13 lot sizes.
- S-HNI minimum investors got 1,918 shares, 14 lot sizes.
- S-HNI Maximum investors got 9,042 shares, 66 shares.
- B-HNI minimum got 9,179 shares, 67 lot sizes.
To invest in the PhysicsWallah IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,933.
- Retail Investors: Maximum investment of ₹1,94,129.
- SHNI (S-HNI): Minimum investment of ₹2,09,062.
- S-HNI Max: investment of ₹9,85,578.
- B-HNI: Minimum investment of ₹10,00,511.
PhysicsWallah IPO Subscription Duration
PhysicsWallah IPO subscription started on November 11, 2025, and closed on November 13, 2025. The PhysicsWallah IPO allotment date was November 14, 2025, and the refund will be received on November 17, 2025. The PhysicsWallah IPO listing is on November 18, 2025.
PhysicsWallah IPO Funds Deployment
- The proceeds raised from the fresh issue will be used for fit-outs of new offline and hybrid centers of the Company.
- A portion of the revenue will be utilized towards lease payments of existing identified offline and hybrid centers operated by the Company.
- Some of the fit-outs of the new offline centers of Xylem
- A portion of the funds will be used towards Lease payments for Xylem’s existing identified offline centers and hostels
- Investment in our Subsidiary, Utkarsh Classes & Edutech Private Limited, for expenditure towards lease payments for Utkarsh Classes’ existing identified offline centers
- Some funds towards server and cloud-related infrastructure costs
- A portion of revenue towards marketing initiatives
- Acquisition of additional shareholding in our Subsidiary, Utkarsh Classes & Edutech Private Limited
- Lastly, the remaining funds are for inorganic growth through unidentified acquisitions and general corporate purposes.
About the PhysicsWallah IPO Company
Physicswallah, a growing company, is an edtech company that offers preparation courses for various competitive examinations, including JEE, NEET, and UPSC, as well as upskilling courses. Their courses are delivered via multiple channels, such as 1) Online, which consists of their website, apps, and Social Media Channels, 2) Tech-enabled offline centers, where they conduct live classes, and 3) Hybrid Centers.
The company’s main focus is to build a student community by offering them high-quality education using engaging and tech-enabled teaching methods. PhysicsWallah comprises 4.13 million online users and 0.33 million offline students. They operate 198 offline centers with 5,096 teachers, 15,775 employees, and have published 3,582 books to date in FY25. Among the top 5 education companies, PhysicsWallah is the largest company in terms of revenue in India. It also has its own YouTube channel named “Physics Wallah – Alakh Pandey,” with around 13.7 million subscribers as of July 15, 2025.
PhysicsWallah IPO Company Financial Report
The company reported revenue of ₹3,039.09 crores in 2025 against ₹2,015.35 crores in 2024. The company reported a loss of ₹243.26 crores in 2025 against a loss of ₹1,131.13 crores in 2024.
