Summary
PhysicsWallah Ltd’s IPO is expected to open on Nov 11. The company is looking to raise ₹3,480 crore. The price band is set at ₹103 – ₹109 per share.
Facts
PhysicsWallah Ltd, India’s leading edtech platform, is set to launch its IPO to raise ₹3,480 crore. The IPO includes a fresh issue of ₹3,100 crore and an offer for sale worth ₹380 crore.
The IPO is set to open on November 11 and run through November 13, 2025. The allotment should be finalized on November 14, 2025. The tentative date for initiation of refunds and transfer of shares to the demat accounts is Nov 17, 2025; whereas the listing on the NSE and the BSE should take place on November 18, 2025.
The price band has been set between ₹103 to ₹109 per share. Approximately 75% of the issue is reserved for QIBs, 15% for NIIs and the remaining 10% for retail investors.
Objective
The proceeds will be used for the company’s fit-outs of new offline and hybrid centres, lease payments of existing centres, investment in subsidiaries, expenditure for server and cloud related infrastructure costs, acquisition of additional shareholding in its subsidiary, marketing initiatives, funding inorganic growth via acquisitions and general corporate purposes.
Key strengths and risks
PhysicsWallah led by founders, Alakh Pandey and Prateek Boob, has a dedicated student base, it has a noticeable presence across a variety of education categories and its courses – managed by specialised faculty members – are delivered via multiple channels in a community-driven approach.
While the IPO gives investors an opportunity to explore India’s expanding education market via a company that has grown through authentic community connection and achieved positive EBITDA in FY25, the edtech sector is highly competitive and regulatory uncertainties prevail in it among other challenges.
How to check allotment status on the registrar’s site?
● Go to MUFG Intime India
● Choose the IPO Name from the drop-down menu
● Enter your credentials (e.g., PAN number, Account No / IFSC).
● Click ‘Submit’ to learn about allotment status
FAQs
. What are the opening and closing dates of PhysicsWallah IPO?
The IPO is set to open on November 11 and close on November 13, 2025.
2. What is the price band of PhysicsWallah IPO?
The price band has been fixed between ₹103 and ₹109 per share.
3. How much does PhysicsWallah aim to raise?
The company is aiming to raise ₹3,480 crore.
4. How are the shares divided among investors?
Approximately 75% of the issue is reserved for QIBs, 15% for NIIs and 10% for retail investors.
5. When is the listing expected?
Shares are expected to get listed on November 18, 2025 post allotment and refunds.