PhysicsWallah IPO open date is November 11, 2025, and the closing date is November 13, 2025. This new IPO is a book-built issue of 31,92,66,054 equity shares worth up to Rs 3,480 crore. This upcoming ipo is offering a combination of fresh issue and offer for sale.
PhysicsWallah IPO price band is Rs 103 to Rs 109 per share. As of November 6, 2025, the PhysicsWallah IPO GMP Live quotation is at Rs 7 (+6.42%) per share. Live IPO Grey Market Premium details will be available online. However, the PhysicsWallah IPO updated DRHP was filed on September 6, 2025 with SEBI.
PhysicsWallah IPO allotment status is available on November 14, 2025. PhysicsWallah IPO lot size is 137 shares. The minimum investment for retail investors for 1 lot is Rs 14,933. The registrar for the PhysicsWallah IPO is MUFG Intime India Pvt Ltd PhysicsWallah IPO listing date is November 18, 2025.
Also Read | Groww IPO GMP, Open Date, Allotment Status, Listing Date
PhysicsWallah IPO GMP
PhysicsWallah IPO GMP is Rs 7 (+6.42%) per share as on November 6, 2025. The IPO GMP today indicates the interest of retail investors in the IPO. You can check the latest IPO Grey Market Premium today online from the first day of subscription. If the subscription is oversubscribed, then PhysicsWallah IPO GMP might rise.
PhysicsWallah IPO Open Date, Close Date
PhysicsWallah IPO open date is November 11, 2025, and the IPO close date is November 13, 2025. The initiation of the refund date is November 17, 2025, and the credit of shares will be on November 17, 2025.
PhysicsWallah IPO Price Band
PhysicsWallah IPO price band is Rs 103 to Rs 109 per share. The minimum amount of investment for the retail category is Rs 14,933 and for small HNI, the minimum investment is Rs 2,09,062. The minimum investment for the Big HNI is Rs 10,00,511.
PhysicsWallah IPO Issue Size
PhysicsWallah IPO is a book-built issue of 31,92,66,054 equity shares worth up to Rs 3,480 crore, offering a combination of fresh issue of 28,44,03,669 equity shares worth up to Rs 3,100 crore and offer for sale of 3,48,62,385 worth up to Rs 380 crore.
PhysicsWallah IPO Allotment Status
PhysicsWallah IPO allotment status will be available on November 14, 2025. The listing will be on the BSE and NSE platforms. The registrar of this IPO is MUFG Intime India Pvt Ltd Investors can check their allotment status after the subscription of the IPO ends.
PhysicsWallah IPO Listing Date
PhysicsWallah' IPO listing date is November 18, 2025. The listing will be on the BSE and NSE platforms. Retail investors can sell the shares after 10 AM on the listing day.
PhysicsWallah IPO: Listing Date, Lot Size, Price Band
|
IPO Date |
Nov 11, 2025 to Nov 13, 2025 |
|
Listing Date |
Nov 18, 2025 |
|
Face Value |
Re 1 per share |
|
Issue Price Band |
Rs 103 to Rs 109 per share |
|
Lot Size |
137 Shares |
|
Total Issue Size |
31,92,66,054 shares (aggregating up to Rs 3,480.00 Cr) |
|
Offer for Sale |
28,44,03,669 shares (aggregating up to Rs 3,100.00 Cr) |
|
Fresh Issue |
3,48,62,385 shares of Rs 1 (aggregating up to Rs 380.00 Cr) |
|
Issue Type |
Book-built IPO |
|
Listing At |
BSE, NSE |
|
Share Holding Pre Issue |
2,60,79,56,938 shares |
|
Share Holding Post Issue |
2,89,23,60,607 shares |
PhysicsWallah Limited: About the Company

PhysicsWallah Limited, established in 2020, is a leading Indian edtech company focused on delivering affordable and high-quality education for competitive exams like JEE, NEET, UPSC, and state boards. Created by Alakh Pandey, the platform began as a YouTube channel in 2016 and rapidly evolved into a comprehensive hybrid education system combining both online and offline learning centers. The company offers structured batches, live classes, dedicated doubt-solving sessions, and value-added services, making quality educational resources accessible to millions of students across tier-2 and tier-3 cities.
PhysicsWallah stands out for its disruptive pricing strategy, providing courses and study materials at a fraction of typical market costs, driving massive user growth and retention. As of 2025, the company commands a strong presence with 198 offline centers across 109 cities and an extensive digital footprint with over 98 million subscribers on YouTube. Its consistent expansion and ability to maintain affordable education have positioned it as a transformative force in India's learning landscape.
PhysicsWallah IPO Objectives
The company proposes to utilize the net proceeds from the issue towards several objectives, including capital expenditure for fit-outs of new offline and hybrid centers, and lease payments for existing centers operated by the company. Funds will also be allocated towards setting up new Xylem centers, lease payments for Xylem’s offline centers and hostels, and investment in the subsidiary Utkarsh Classes & Edutech Private Limited for similar purposes. Additionally, the proceeds will be used for server and cloud infrastructure, marketing initiatives, acquisition of additional shareholding in Utkarsh Classes, and to support inorganic growth opportunities along with general corporate purposes.
PhysicsWallah IPO: Key Dates, Allotment, Listing Date
|
IPO Open Date |
Nov 11, 2025 |
|
IPO Close Date |
Nov 13, 2025 |
|
Basis of Allotment |
Nov 14, 2025 |
|
Initiation of Refunds |
Nov 17, 2025 |
|
Credit of Shares to Demat |
Nov 17, 2025 |
|
Listing Date |
Nov 18, 2025 |
|
Cut-off time for UPI mandate |
5 PM Nov 13, 2025 |
PhysicsWallah Financials (Amt in Rs Cr)
|
Period Ended |
30 Jun 2025 |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
5,075.67 |
4,156.38 |
2,480.74 |
2,082.18 |
|
Total Income |
905.41 |
3,039.09 |
2,015.35 |
772.54 |
|
Profit After Tax |
-127.01 |
-243.26 |
-1,131.13 |
-84.08 |
|
EBITDA |
-21.22 |
193.20 |
-829.35 |
13.86 |
|
NET Worth |
1,867.92 |
1,945.37 |
-861.79 |
62.29 |
|
Reserves and Surplus |
787.92 |
467.06 |
-1,254.74 |
-187.65 |
|
Total Borrowing |
1.55 |
0.33 |
1,687.40 |
956.15 |
PhysicsWallah IPO Lot Size Details
PhysicsWallah IPO lot size is 137 shares. The minimum amount of investment for the retail category is Rs 14,933, and for small HNI, the minimum investment will be around Rs 2,09,062.
PhysicsWallah IPO Promoter Holdings
PhysicsWallah promoters are Alakh Pandey and Prateek Boob. The promoters' shareholdings before the IPO were 81.64%; however, after the IPO, shareholdings will decline.
PhysicsWallah IPO Registrar
PhysicsWallah IPO registrar is MUFG Intime India Pvt Ltd On the date of allotment, investors can click on the registrar's website, select the name of the company, and enter their PAN number or application ID to learn their allotment status.
How to apply to the PhysicsWallah IPO
Interested investors can apply to the PhysicsWallah IPO directly from the Bigul trading app by clicking here. Investors can also check the details of other upcoming IPO in Bigul.
PhysicsWallah IPO FAQ
1. What are the details of the PhysicsWallah IPO?
PhysicsWallah IPO is a book-built issue of 31,92,66,054 equity shares worth up to Rs 3,480 crore offering offering a combination of fresh issue of 28,44,03,669 equity shares worth up to Rs 3,100 crore and offer for sale of 3,48,62,385 worth up to Rs 380 crore.
2. When will the PhysicsWallah IPO open and close?
PhysicsWallah IPO open date is November 11, 2025, and the IPO close date is November 13, 2025. The initiation of the refund date is November 17, 2025, 2025, and the credit of shares will be on November 17, 2025.
3. What is PhysicsWallah IPO GMP?
PhysicsWallah IPO GMP quotation is Rs 7 (+6.42%) per share, as on November 6, 2025. You can check the latest GMP price online and the reliable GMP from the first day of your subscription. If the subscription gets oversubscribed, then the Mangal Electrical IPO GMP may rise.
4. Write the details of the IPO Allotment Status.
PhysicsWallah IPO allotment status is available on November 14, 2025. The listing will be on the BSE and NSE platforms. The registrar of this IPO is MUFG Intime India Pvt Ltd Investors can check their allotment status after the subscription of the IPO ends.
5. Who is the registrar and the lead managers for PhysicsWallah IPO?
PhysicsWallah IPO registrar is MUFG Intime India Pvt Ltd On the date of allotment, investors can click on the registrar's website, select the name of the company, and enter their PAN number or application ID to check their allotment status. The lead managers of PhysicsWallah IPO are Kotak Mahindra Capital Co.Ltd, JP Morgan India Pvt Ltd, Goldman Sachs (India) Securities Pvt Ltd, Axis Capital Ltd.
Also Read | Lenskart IPO GMP, Open Date, Allotment Status, Listing Date