PhysicsWallah IPO
Historical offer record. This offer is closed for applications. Prices and subscriptions describe the past offer; GMP observations are unofficial past records, not current quotes or listing predictions.
Data provider: FinAPI. This is a third-party summary, not an official prospectus. Read our data limitations and editorial policy.
No GMP observations are available for this historical offer record. No premium or listing-gain estimate is shown.
Price band
₹103 – ₹109
Lot size
137 shares
Offer application amount
₹14,933
Issue size
₹3480 Cr
Historical offer amount for 1 lot at the upper issue price. Confirm the lot size and application terms in the issuer prospectus.
Reported IPO schedule
| Open date | 11 Nov 2025 |
| Close date | 13 Nov 2025 |
| Allotment finalisation | 14 Nov 2025 |
| Refund initiation | 17 Nov 2025 |
| Shares credited to demat | 17 Nov 2025 |
| Reported listing date | 18 Nov 2025 |
Issue size
About PhysicsWallah
Physicswallah is one of the leading companies that offers test preparation courses for competitive examinations like JEE, NEET, UPSC, as well as other upskilling courses. Their courses are delivered via multiple channels, such as 1) Online, which consists of their website, apps, and Social Media Channels, 2) Tech-enabled offline centers, where they conduct live classes, and 3) Hybrid Centers. Among the top 5 education companies, PhysicsWallah is the largest company in terms of revenue in India. It also has its own YouTube channel named “Physics Wallah – Alakh Pandey,” with around 13.7 million subscribers as of July 15, 2025.
Company summary supplied by FinAPI. Read the prospectus for the issuer's disclosures and audited financials.
Use of proceeds
| Capital expenditure for fit-outs of new offline and hybrid centers of our Company | ₹460.55 |
| Expenditure towards lease payments of existing identified offline and hybrid centers operated by our Company | ₹548.31 |
| Capital expenditure for fit-outs of new offline centers of Xylem | ₹31.65 |
| Lease payments for Xylem’s existing identified offline centers and hostels | ₹15.52 |
| Investment in our Subsidiary, Utkarsh Classes & Edutech Private Limited for expenditure towards lease payments for Utkarsh Classes’ existing identified offline centers | ₹33.70 |
| Expenditure towards server and cloud related infrastructure costs | ₹200.11 |
| Expenditure towards marketing initiatives | ₹710.00 |
| Acquisition of additional shareholding in our Subsidiary, Utkarsh Classes & Edutech Private Limited | ₹26.50 |
| Funding inorganic growth through unidentified acquisitions and general corporate purposes | ₹- |
Offer documents and primary references
Read the issuer's offer document and any corrigenda for the full disclosures. A third-party details page is a summary; SEBI filing access does not imply an endorsement of the offer or this website.
IPO information is sourced from public feeds and shown for general information only. It is not a recommendation to apply for this or any IPO. IPOs are equity investments and carry market risk; listing gains are not guaranteed and SME IPOs are especially volatile. Grey Market Premium (GMP) is unofficial and not endorsed by SEBI or the exchanges. Equity IPOs are applied for through a demat and trading account, not through mutual fund distribution services. Read the RHP and consult a SEBI-registered investment adviser before investing.