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PhysicsWallah IPO Details: Everything You Should Know about 

Posted by : sachet | Fri Nov 07 2025

PhysicsWallah IPO Details: Everything You Should Know about 

Check Expert’s Verdicts on PhysicsWallah IPO

The PhysicsWallah IPO will be open for bidding from 11th November to 13th November. It is a book-building issue of 3,480 crore shares. The issue is entirely a fresh issue of 28.44 shares. And an offer for sale of 3.49 crore shares. The IPO is expected to be listed on the BSE and NSE with a tentative listing date of 18th November 2025.

PhysicsWallah IPO Details

The PhysicsWallah IPO is expected to take place from 11th November 2025 to 13th November 2025. The face value of PhysicsWallah IPO shares is ₹1 per share, and the IPO price is set at ₹103 to ₹109 per share.

MUFG Intime India Private Limited is the registrar of the PhysicsWallah IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.

PhysicsWallah IPO Details 

IPO Open Date11th November 2025
IPO Close Date13th November 2025
IPO Allotment Date14th November 2025
Refund Initiation 17th November 2025
Face Value₹1 per share
Price Band₹103 to ₹109 per share
Lot Size137 Shares
Issue Size31,92,66,054 shares(aggregating up to ₹3,480.00 Cr)
Fresh Issue28,44,03,669 shares(aggregating up to ₹3,100.00 Cr)
Offer for sale 3,48,62,385 shares of ₹1(aggregating up to ₹380.00 Cr)
Issue Type Fixed price IPO
Listing AtBSE and NSE
Listing Date18th November 2025

PhysicsWallah IPO Share Reservation

PhysicsWallah’s IPO is a book-building issue IPO of 3,480 Crore shares. PhysicsWallah Limited Shares will be listed on the BSE and the NSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories.

Investor CategoriesShares Offered
QIB Shares OfferedNot less than 75% of the net offer
NII Shares OfferedNot more than 10% of the net offer
Retail Shares OfferedNot more than 15% of the net offer

PhysicsWallah IPO GMP 

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the PhysicsWallah IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

GMP DateIPO PriceGMPEstimated Listing Price Estimated L0isting Gains
13-11-2025
12-11-2025
11-11-2025
10-11-2025₹109.00₹7.00₹116.006.42%
9-11-2025₹109.00₹7.00₹116.006.42%
8-11-2025₹109.00₹7.00₹116.006.42%
7-11-2025₹109.00₹7.00₹116.006.42%
6-11-2025₹109.00₹7.00₹116.006.42%
5-11-2025₹109.00₹0.00₹0.000.00%

As of  11th November 2025, the PhysicsWallah IPO GMP stands at ₹7 per share, indicating that the share is likely to list at ₹116 on its tentative listing date, November 18, 2025.

GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the PhysicsWallah IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends. 

PhysicsWallah IPO Review

Review the detailed PhysicsWallah IPO review for a thorough understanding of its potential to deliver listing gains. The PhysicsWallah IPO review will help you invest effectively to avoid significant losses. Explore more to make an informed Investment decision on this IPO.

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to comprehend the business’s economic performance and trends before applying for the PhysicsWallah IPO.

PhysicsWallah Limited’s revenue increased by 51% from ₹2,015.35 crore in March 2024 to ₹ 3,039.09 crore in March 2025. Moreover, the company’s PAT increased by 78% from ₹-1,131.13 crores to ₹-243.26 crores. Investors can analyse other relevant factors and make a decision accordingly.

PhysicsWallah Limited’s IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for PhysicsWallah’s IPO on its tentative listing day.

Technical Analysis

Some technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the PhysicsWallah IPO

Key IndicatorsValue
PE Ratio (Price-to-Earnings) -116.86
EPS (Earnings Per Share)-0.93
RoNW-12.50%
ROCE[.]
ROE[.]
EBITDA Margin6.69%
Price to Book Value14.10
Market Capitalisation[.]

The P/E ratio of PhysicsWallah Limited’s shares is -116.86, and its Earnings Per Share (EPS) is -0.93. Thus, the PhysicsWallah Limited IPO can deliver gains on its tentative listing day, 18th November 2025

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of PhysicsWallah Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics. 

IndicatorsPre-IPOPost-IPO
PE Ratio-0.93-1.76
EPS -116.86-62.06

PhysicsWallah IPO Subscription Status

 The subscription status for the PhysicsWallah IPO is yet to be announced. Stay informed on this passage to check the live PhysicsWallah IPO subscription status. 

Investor CategoryShares OfferedShares SubscribedSubscription to the Times
QIB Shares OfferedNot less than 75% of the net offerYet to be announcedYet to be announced
Retail Shares OfferedNot more than 10% of the net offerYet to be announcedYet to be announced
NII Shares OfferedNot more than 15% of the net offerYet to be announcedYet to be announced

About the PhysicsWallah Limited Company Overview

PhysicsWallah was incorporated in 2016 as a YouTube channel primarily focused on physics, but the company was formally incorporated as PhysicsWallah IPO Private Limited in 2020. Today, it is a leading and fastest-growing company by offering high-quality and accessible education to students. PhysicsWallah’s IPO has expanded its presence by making education more accessible to students, offering a hybrid model of education, and increasing its reach to urban and rural areas. They prepare students for competitive exams such as JEE, NEET and UPSC. The company is highly supported by its investors, including Westbridge Capital, GSV Ventures, and Hornbill Capital.

PhysicsWallah Limited Financials

The company’s financial analysis is essential before applying for PhysicsWallah Limited’s IPO. Refer to the table to learn about PhysicsWallah Limited’s financial information. 

Year Ended30th June 202531st March 2025 (in cr.)31st March 2024 (in cr.)31st March 2023 (in cr.)
Assets5,075.674,156.382,480.741082.18
Revenue905.413,039.092,015.35772.54
Profit After Tax-127.01-243.26-1,131.13-84.08
EBITDA-21.22193.20-829.3513.86
Net Worth1,867.921,945.37-861.7962.29
Reserve and Surplus787.92467.06-1,254.74-187.65
Total Borrowing1.550.331,687.40956.15

Explanation

PhysicsWallah Limited’s revenue increased by 51% from ₹2,015.35 crore in March 2024 to ₹ 3,039.09 crore in March 2025. Moreover, the company’s PAT increased by 78% from ₹-1,131.13 crores to ₹-243.26 crores. Investors can analyse other relevant factors and make a decision accordingly.

PhysicsWallah IPO Promoter Holdings

Take a look at the table below to review the holdings of PhysicsWallah Limited’s promoters.

Alakh Pandey and Prateek Boob.

Share Holding Pre-Issue81.64%
Share Holding Post-Issue

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

PhysicsWallah IPO Objectives

The primary objective of the PhysicsWallah IPO is to raise ₹3,2800.00 crore. However, before applying for the IPO, it is essential to be aware of its secondary objectives. Explore them below

  • Capital expenditure for fit-outs of new offline and hybrid centres of our Company
  • Expenditure towards lease payments of existing identified offline and hybrid centres operated by our Company
  • Capital expenditure for fit-outs of new offline centres of Xylem
  • Lease payments for Xylem’s existing identified offline centres and hostels
  • Investment in our Subsidiary, Utkarsh Classes & Edutech Private Limited, for expenditure towards lease payments for Utkarsh Classes’ existing identified offline centres
  • Expenditure towards server and cloud-related infrastructure costs
  • Expenditure towards marketing initiatives
  • Acquisition of additional shareholding in our Subsidiary, Utkarsh Classes & Edutech Private Limited
  • Funding inorganic growth through unidentified acquisitions and general corporate purposes

Should I Invest in PhysicsWallah IPO?

Explore the pros and cons of PhysicsWallah IPO to decide whether to apply for it or avoid it. These pros and cons might help you understand the IPO’s potential to deliver profits in the coming decades.

Pros of PhysicsWallah IPO

  • PhysicsWallah IPO is one of the indian education companies that proceeds with its initial public offering.
  • The company offers a broad spectrum of services to students.
  • It has made education more accessible and affordable in rural areas through its hybrid model.
  • PhysicsWallah IPO has built a strong brand visibility among students.
  • The company is heavily investing in digital education technology to enhance the learning experience.

Cons of the PhysicsWallah IPO

  • Impacting revenue growth due to high operational and expansion costs.
  • Highly competitive sector.
  • Operational risk due to offline expansion into new cities

How to Invest in the PhysicsWallah IPO?

Please follow the steps outlined below to apply for a position at PhysicsWallah IPO Limited.

  • Step 1: Conduct thorough research on the PhysicsWallah IPO, including GMP status, subscription status, issue size, lot size, and other relevant details. 
  • Step 2: Open a demat account with Univest to gain real-time insights into GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
  • Step 3: Place a bid for one lot of 137 shares, valued at ₹14,933.
  • Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the PhysicsWallah IPO across multiple demat accounts to increase your chances of allotment. 

How to Check PhysicsWallah IPO Allotment Status?

You can check for the PhysicsWallah IPO allotment in different ways. These include BSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On NSE

  • Visit the NSE Official Website.
  • Navigate to the IPO Allotment Section. 
  • Select Equity as the issue type. 
  • Choose the PhysicsWallah IPO.  
  • Choose whether to proceed with the PAN number or the application number.
  • Submit your details to get the allotment status online. 

Check On the Registrar Portal

  • Visit the registrar portal
  • Click on the allotment option.
  • Fill in the required details.
  • Click on the submit button to know your PhysicsWallah IPO allotment status.

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Final Thoughts 

PhysicsWallah’s IPO is a fixed-price IPO of ₹17.10 crore. The shares of PhysicsWallah IPO Limited will be listed on the BSE and SME on its tentative listing date of 14th November 2025. Researching the PhysicsWallah IPO, including its GMP status and reviews, is highly recommended to secure the profitability you desire. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Stay informed with Univest to get regular updates on the PhysicsWallah IPO, GMP, subscription, and more!

FAQs on PhysicsWallah IPO

How is the PhysicsWallah IPO?

Ans. As of 11th November 2025, the PhysicsWallah IPO GMP (Grey Market Premium) stands at 7. It indicates that the estimated listing price could be ₹116 per share. It is a book-building IPO of 3,480 crore shares. The face value of each share of PhysicsWallah IPO Limited is ₹10.

What is PhysicsWallah’s IPO price?

Ans. The PhysicsWallah IPO price range is ₹103 to ₹109.00 per share. Retail investors can apply for a minimum of 1 lot, each consisting of 137 shares, worth ₹14,933. Moreover, HNIs are required to bid for a minimum of 14 lots (1,918 shares) worth ₹2,09,578.

Is the PhysicsWallah IPO a good investment?

Ans. PhysicsWallah Limited’s revenue increased by 51% from ₹2,015.35 crore in March 2024 to ₹ 3,039.09 crore in March 2025. Moreover, the company’s PAT increased by 78% from ₹-1,131.13 crores to ₹-243.26 crores. Investors can analyse other relevant factors and make a decision accordingly.

Who will be the registrar of the PhysicsWallah IPO?

Ans. According to recent updates, MUFG Intime India Private Limited will be the registrar responsible for managing allotment and refund procedures. For any queries regarding the PhysicsWallah IPO GMP, allotment, and refund, you can contact MUFG Intime India Private Limited at ipo.helpdesk@linkintime.co.in or +91-22-4918 6270.

What is the issue size of the PhysicsWallah IPO?  

Ans. PhysicsWallah IPO is a book-building issue of 3,480 crore. Moreover, the IPO is set to open on 11th November 2025 and close on 13th November 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the PhysicsWallah IPO, wait for the PhysicsWallah IPO RHP and PhysicsWallah IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.

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