Physicswallah Limited IPO

₹14,933 Min Investment

Issue Opening Date
November 11, 2025
Issue Closing Date
November 13, 2025
Price Band
Rs 103 to Rs 109 per share
Lot Size
137 Shares
Physicswallah Limited IPO ClosedOpen

₹14,933

Min. investment
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1. Company Information

Incorporated in 2020, the company offers test preparation courses for competitive examinations and other courses for upskilling. The company’s channels of delivery include – (i) online, which includes our website and apps; (ii) tech-enabled offline centers; (iii) hybrid centers.The company is among the top 5 education companies in terms of revenue in India and is the largest in terms of student community, with its main YouTube channel, “Physics Wallah-Alakh Pandey," having ~13.7 million subscribers as of July 15, 2025.For Fiscal 2025, the company had 4.13 million Unique Transacting Users (Online Channel) and 0.33 million student enrolments in its offline centers.

2. Competitive Strengths

The company had 4.46 million Paid Users in FY 2025, which grew at a CAGR of 59.19% between FY 2023 and 2025, driven by a student community-led approach
Presence across a large number of education categories in India with courses offered through multiple channels.
The company’s proprietary technology stack enhances students’ learning experience
The company’s ecosystem generates network effects driven by its community-based approach.
Specialised faculty members across categories, quality content and well-planned curriculum leading to successful results

3. Physicswallah Limited IPO  Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270
physicswallah.ipo@in.mpms.mufg.com
https://linkintime.co.in

Physicswallah Limited Details

Issue Opening Date November 11, 2025
Issue Closing Date November 13, 2025
Face Value Rs 1 per share
Price Rs 103 to Rs 109 per share
Lot Size 137 Shares
Sale Type Fresh Capital-cum-Offer for Sale
Total Issue Size 31,92,66,054  shares (aggregating up to Rs 3,480.00 Cr)
Fresh Issue 28,44,03,669  shares (aggregating up to Rs 3,100.00 Cr)
Offer for Sale 3,48,62,385  shares of Rs 1 (aggregating up to Rs 380.00 Cr)
Employee Discount Rs 10.00
Issue Type Bookbuilding IPO
Listing At BSE, NSE

Physicswallah Limited Timeline (Tentative Schedule)

Event Tentative Date
Opening Date Tue, Nov 11, 2025
Closing Date Thu, Nov 13, 2025
Tentative Allotment Fri, Nov 14, 2025
Initiation of Refunds Mon, Nov 17, 2025
Credit of Shares to Demat Mon, Nov 17, 2025
Listing Date Tue, Nov 18, 2025
Cut-off time for UPI mandate confirmation 5 PM on Thu, Nov 13, 2025

Physicswallah Limited Financial Information (Restated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
EBITDA
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-25
4,156.38
3,039.09
-243.26
193.2
1,945.37
467.06
0.33
31-Mar-24
2,480.74
2,015.35
-1,131.13
-829.35
-861.79
-1,254.74
1,687.40
31-Mar-23
2,082.18
772.54
-84.08
13.86
62.29
-187.65
956.15
Amount in Rs. Crore

Prospectus Document

Official Red Herring Prospectus (RHP)

For detailed company and issue information

SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: NSE Currency: INE231219636 | SEBI Registration No: USE: INE271219631 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650 | RBI Registration No: NBFC: N-14.03215 | IRDA Registration Number : CB-066/03 | AMFI Registration No : ARN -0032| SEBI Registration No: Merchant Banker: INM000007508

* Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.