Archive · 10 Nov 2025
Physics Wallah IPO Opens: Key Details and Market Sentiment
Physics Wallah is a company that helps students study for important tests and learn new skills, making education affordable.
They are having an IPO, which means they are selling a part of their company to the public to raise money.
This money will be used to open more physical classrooms and online resources, and to invest in their technology and marketing.
The IPO will open on November 11 and close on November 13, with shares expected to start trading on November 18.
The price for each share will be between ₹103 and ₹109.
Although the stock market is doing better, some investors are a bit nervous about edtech companies because of past issues.
The small extra price people are willing to pay for the shares before they even start trading has gone down.
The company offers courses for many students, and their YouTube channel has a lot of followers.
Physics Wallah is launching a ₹3,480 crore IPO with a price band of ₹103-₹109.
The IPO combines a fresh issue of ₹3,100 crore and an offer for sale of ₹380 crore.
The subscription period for the IPO is from November 11 to November 13.
Grey market premium (GMP) for Physics Wallah stock was ₹4 on November 10, indicating an estimated listing price of ₹113 per share.
The company will use IPO proceeds for expanding offline and hybrid centers, technology infrastructure, marketing, and potential acquisitions.
Physics Wallah offers test preparation and upskilling courses, positioning itself as a major education company in India.
The company has shown increasing revenue but has incurred losses in recent financial years, with losses declining in FY25.
Qualified institutional buyers (QIBs) have the largest reservation (75%), followed by non-institutional investors (15%) and retail investors (10%).
The lot size is 137 shares, with a minimum investment for retail investors of ₹14,933.
Physics Wallah's main YouTube channel has approximately 13.7 million subscribers.
- Who
- Physics Wallah (promoters Alakh Pandey and Prateek Boob are selling shareholders in OFS)
- What
- Launching a ₹3,480 crore IPO comprising a fresh issue and an offer for sale.
- When
- IPO opens November 11 and closes November 13.
- Where
- India
- Why
- To raise funds for capital expenditure including fit-outs of new centres, lease payments, investment in a subsidiary, server infrastructure, marketing, and potential acquisitions.
- IPO Size
- ₹3,480 crore
- Fresh Issue
- ₹3,100 crore
- Offer for Sale (OFS)
- ₹380 crore
- Price Band
- ₹103–₹109 per share
- IPO Dates
- November 11–November 13
- Allotment Date
- November 14
- Listing Date
- November 18
- Book Running Lead Managers
- Kotak Mahindra Capital Company, J.P. Morgan India, Goldman Sachs (India) Securities, Axis Capital
- Registrar
- MUFG Intime India Private Limited
- Lot Size
- 137 shares
- Minimum Investment (Retail)
- ₹14,933
- Reservation
- QIBs: 75%, NIIs: 15%, Retail: 10%
- Grey Market Premium (GMP)
- ₹4 (as of Nov 10)
- Estimated Listing Price
- ₹113
