PHYSICS WALLAH LIMITED
₹ 103 - ₹ 109
11-Nov-2025 - 13-Nov-2025
₹ 14933.00

/ 137 Shares

PHYSICS WALLAH LIMITED

11-Nov-2025 - 13-Nov-2025

₹ 103 - ₹ 109

Price Band

₹ 14933.00

Minimum Investment

137

Bid Lot

318,623,852

Shares

  • Face Value - ₹ 1/- Per Share

  • Listing at BSE, NSE

  • 232,572 Application Required in Retail for 1 Time.

  • Registrar : Link Intime India Private Ltd

IPO Details

Category % Shares/Amount
QIB 75% 238,967,890 Shares RS.2604.75 CR
HNI 1 5% 15,931,192 Shares RS.173.65 CR @ 8306 FORM 1X
HNI 2 10% 31,862,385 Shares RS.347.30 CR @ 16612 FORM 1X
Retail 10% 31,862,385 Shares RS.347.30 CR @ 232572 FORM 1X

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
232572 FORM 1X 8306 FORM 1X 16612 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 137 ₹ 14,933
Retail (Upto 2 Lakh) 13 1781 ₹ 194,129
S-HNI (2 Lakh to 10 Lakh) 14 1918 ₹ 209,062
S-HNI (2 Lakh to 10 Lakh) 66 9042 ₹ 985,578
B-HNI (Above 10 Lakh) 67 9179 ₹ 1,000,511

IPO Timeline

  • Open Date

    11-Nov-2025

  • Close Date

    13-Nov-2025

  • Basis of Allotment Date

    14-Nov-2025

  • Initiation of Refunds

    17-Nov-2025

  • Credit Shares to Demat A/c

    17-Nov-2025

  • IPO Listing Date

    18-Nov-2025

Subscription as on
13-Nov-2025 17:40

Category Book Size Subscription No. of Times
QIB 95,587,156 ₹ 1041.90 Cr. 273,575,848 ₹ 2981.98 Cr. 2.86x
HNI (<10 LAKH) 15,931,192 ₹ 173.65 Cr. 5,856,613 ₹ 63.84 Cr. 0.37x
HNI2 (>10 LAKH) 31,862,385 ₹ 347.30 Cr. 18,567,610 ₹ 202.39 Cr. 0.58x
RETAIL 31,862,385 ₹ 347.30 Cr. 35,599,998 ₹ 388.04 Cr. 1.12x
Total 175,243,118 333,600,069 1.90x
Category Book Size Subscription No. of Times
QIB 95,587,156 ₹ 1041.90 Cr. 273,575,848 ₹ 2981.98 Cr. 2.86x
HNI (<10 LAKH) 15,931,192 ₹ 173.65 Cr. 5,856,613 ₹ 63.84 Cr. 0.37x
HNI2 (>10 LAKH) 31,862,385 ₹ 347.30 Cr. 18,567,610 ₹ 202.39 Cr. 0.58x
RETAIL 31,862,385 ₹ 347.30 Cr. 35,599,998 ₹ 388.04 Cr. 1.12x
Total 175,243,118 333,600,069 1.90x

*Excluding Anchor

Total No. of Application Approx : ~195806 (0.84 Appwise)

Appwise Subscription
Category Total App App wise
HNIBT 2524.28 8306 (For 1x) 0.30x
HNIAT 1217.60 16612 (For 1x) 0.07x
RETAIL 178237.00 232572 (For 1x) 0.77x

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

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
Read More

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

Company Promoters

Company Financials

Period Ended 30 Jun 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 5,075.67 4,156.38 2,480.74 2,082.18
Total Income 905.41 3,039.09 2,015.35 772.54
Profit After Tax -127.01 -243.26 -1,131.13 -84.08
EBITDA -21.22 193.20 -829.35 13.86
NET Worth 1,867.92 1,945.37 -861.79 62.29
Reserves and Surplus 787.92 467.06 -1,254.74 -187.65
Total Borrowing 1.55 0.33 1,687.40 956.15
Amount in ? Crore

Objects of the Issue

The Company PhysicsWallah IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No. Objects of the Issue Expected Amount (? in crores)
1 Capital expenditure for fit-outs of new offline and hybrid centers of our Company 460.55
2 Expenditure towards lease payments of existing identified offline and hybrid centers operated by our Company 548.31
3 Capital expenditure for fit-outs of new offline centers of Xylem 31.65
4 Lease payments for Xylem’s existing identified offline centers and hostels 15.52
5 Investment in our Subsidiary, Utkarsh Classes & Edutech Private Limited for expenditure towards lease payments for Utkarsh Classes’ existing identified offline centers 33.70
6 Expenditure towards server and cloud related infrastructure costs 200.11
7 Expenditure towards marketing initiatives 710.00
8 Acquisition of additional shareholding in our Subsidiary, Utkarsh Classes & Edutech Private Limited 26.50
9 Funding inorganic growth through unidentified acquisitions and general corporate purposes  

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Us, in just a few clicks your application is processed. You can bid for any IPO through Us, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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