Archive · 13 Nov 2025
PhysicsWallah IPO Opens for Subscription with Rs 3,480 Crore Target
PhysicsWallah, a company that helps students prepare for big tests like JEE and NEET, is selling shares to the public for the first time, called an IPO.
They want to raise a lot of money, about Rs 3,480 crore.
This means people can buy small pieces of the company.
The IPO is open for a few days in November 2025.
PhysicsWallah has a big following on YouTube and helps many students online and in person.
They also got money from big investors before the public offering.
Even though some people might make a little money when the shares first start trading, the company is focused on providing education to students at different levels.
PhysicsWallah Ltd. aims to raise Rs 3,480 crore through its IPO, which opened on November 11 and closes on November 13, 2025.
The IPO consists of a fresh issue of Rs 3,100 crore and an offer for sale of Rs 380 crore.
The price band for the IPO is set between Rs 103 and Rs 109 per share, with a lot size of 137 shares.
As of November 13, 2025, the IPO was subscribed 0.81 times overall, with the retail category at 0.88 times.
PhysicsWallah offers courses for competitive exams and upskilling programs, boasting 13.7 million YouTube subscribers and serving over 4.46 million learners.
- Who
- PhysicsWallah Ltd., promoted by Alakh Pandey and Prateek Boob
- What
- PhysicsWallah has launched its Initial Public Offering (IPO) to raise Rs 3,480 crore, comprising a fresh issue and an offer for sale.
- When
- The IPO opened on November 11, 2025, and closes on November 13, 2025, with a planned listing on November 18, 2025.
- Where
- The IPO is available for subscription by investors, and the shares will be listed on the BSE and NSE.
- Why
- The company aims to raise funds through its IPO to support its growth and expansion in the edtech sector.
Anchor Investors' Lock-in Period
Potential Investor Gains
Anchor Investor Lock-in and Listing Impact
Anchor Investors' Lock-in Period
Anchor investors, who subscribed to Rs 1,562.85 crore worth of shares, have lock-in periods extending to December 14, 2025, and February 12, 2026, for their respective portions.
Potential Investor Gains
The grey market indicates a potential listing price of Rs 110 per share, suggesting an approximate 0.92% gain on listing based on the upper price band of Rs 109 and a Grey Market Premium (GMP) of Rs 1.
- Company Name
- PhysicsWallah Ltd.
- Total IPO Size
- Rs 3,480 crore
- Fresh Issue
- Rs 3,100 crore (28.44 crore shares)
- Offer for Sale (OFS)
- Rs 380 crore (3.49 crore shares)
- IPO Open Date
- November 11, 2025
- IPO Close Date
- November 13, 2025
- Listing Date
- November 18, 2025
- Price Band
- Rs 103–Rs 109 per share
- Lot Size
- 137 shares
- Minimum Retail Investment
- Rs 14,933
- Anchor Investor Raise
- Rs 1,562.85 crore
- Promoters
- Alakh Pandey and Prateek Boob
- Target Audience
- Competitive exams (JEE, NEET, UPSC), upskilling programs (data science, finance, technology)
- YouTube Subscribers
- 13.7 million
- Learners Served
- Over 4.46 million
- Latest GMP (Nov 13, 2025)
- Rs 1
Sources
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