Explore the PhysicsWallah IPO Before the Bell Rings

India’s education space is booming, and the test prep industry may touch ₹2 trillion by 2030, while online learning doubled by 2025. Higher ed, upskilling, and PG courses continue steady double-digit growth. The PhysicsWallah company has been working in this space and is going public soon.

Kotak Mahindra and J.P. Morgan India are the PhysicsWallah IPO managers, while MUFG Intime India is responsible for its registration. Check the allotment status.

For a more detailed take, don’t forget to check out the PhysicsWallah IPO DRHP.

Note: 50% shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.

PhysicsWallah IPO: Company Profile

Particulars	Details
Established	2020
Registered Office	Uttar Pradesh
Services	Offering Test Prep Courses
Promoter	Alakh Pandey
Competitors	No Listed Peers

PhysicsWallah IPO Details

Here are all the details you know about the PhysicsWallah IPO before bidding.

PhysicsWallah IPO Date

PhysicsWallah IPO date isn’t confirmed yet, but the company filed DRHP with SEBI on March 19, 2025, and got approval on July 18, 2025, indicating the launch may follow soon.

PhysicsWallah IPO Size

Offer Type	Equity Shares	Value
Fresh Issue	Not Disclosed	₹ 31,000.00 million
Offer for Sale	Not Disclosed	₹ 7,200.00 million
Overall	Not Disclosed	₹ 38,200.00 million

Objectives

Particulars	Estimated Amount
Gross proceeds	31,000.00
Offer related expenses	Not Disclosed
Net Proceeds	Not Disclosed

Other Takeaways and PhysicsWallah IPO Share Price

Particulars	Description
Face Value (₹)	1
Listing	BSE NSE
Issue Price (₹ per share)	Not Disclosed

Investors Categorisation

Particulars	Employees#	QIBs	NIIs	RIIs
Equity Shares Available	Not Disclosed	Not less than 75% of Net Offer	Not Disclosed	Not Disclosed
Minimum Bid	Not Disclosed	The bid amount is more than ₹200,000	(i) One-third NII: More than ₹200,000 up to ₹1,000,000 (ii) Two-thirds NII: More than ₹1,000,000	Not Disclosed
Maximum Bid	Not exceeding ₹500,000	Not Disclosed	(i) One-third NII: Less than ₹1,000,000 (ii) Two-thirds NII: No specific cap beyond portion size	The bid amount should be less than ₹200,000

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Key Financials

Particulars	2025	2024	2023
Equity share capital	2,183.90	60.00	60.00
Revenue from operations	28,866.43	19,407.10	7,443.18
Total income	30,390.89	20,153.48	7,725.44
Net Worth	19,453.67	-8,617.89	622.89
EPS - Basic (₹)	-0.86	-4.79	-0.38
EPS - Diluted (₹)	-0.86	-4.79	-0.38
NAV (₹)	7.73	-3.97	0.29
Return on Net Worth (%)	-12.50%	-	-134.98%
Total Borrowings	3.27	16,873.99	9,561.50

Strengths and risks

Here are the positives and negatives of the PhysicsWallah company:

Strengths

Massive Student Base: Physics Wallah has a large and growing community of students across India, both online and offline.
Affordable Quality Education: The biggest strength lies in offering high-quality learning at affordable prices.
Expanding Offline: With offline centres in key cities, the company enjoys a hybrid model that reduces dependency on one channel.
Strong Brand Loyalty: It is a popular brand name in this segment, with strong brand recall, promoting student acquisition and retention

Risks

Dependence on Key People: The company’s growth relies heavily on Alakh Pandey and Prateek Boob, along with its leadership team and employees.
Student Growth: If it struggles to get more students, it could impact the expansion.
Offline Centres Carry Risk: A large part of revenue comes from offline centres.
Related Party Transactions: The company often engages in related party dealings, which may sometimes raise concerns about conflicts of interest.

Should You Invest In PhysicsWallah IPO?

PhysicsWallah IPO GMP hasn’t been shared yet. You can explore the full company profile and track new GMP updates to gauge unlisted share value. Keep an eye on IPO subscription figures before applying. Apply today.

FAQs

1. How is the PhysicsWallah IPO review?

PhysicsWallah is a test prep course provider that wants to expand its capital. For the latest sentiment, you can look for the GMP updates in the news.

2. What is the PhysicsWallah IPO date today?

The PhysicsWallah IPO name has become popular. But the IPO opening date is still unknown. You should monitor its live subscription details in real time and check the date regularly.

3. What is the PhysicsWallah IPO price?

The PhysicsWallah IPO expected price is not available as of 9 September. The final issue price will fall within this range. Also, don't forget to check the PhysicsWallah IPO allotment details.

4. Should I use a demat account to bid for the PhysicsWallah IPO?

Yes, a demat account is required to bid for the PhysicsWallah IPO. Click here to get the ultimate list of the top demat account providers.