Physics Wallah Ltd. IPO Nov 2025: Price Band, Dates, Review, GMP & Details

If you are planning to invest in the PhysicsWallah Ltd. IPO, then we recommend that you read the following article, so that you can make an informed decision.

Physics Wallah IPO Details 2025

PhysicsWallah IPO opening date is November 11, 2025, and the closing date is November 13, 2025. The summary is as follows:

Company Overview of PhysicsWallah Ltd.

PhysicsWallah Ltd. (commonly known as PW) is one of India’s fastest-growing edtech platforms, offering both online and offline education. Founded by Alakh Pandey and Prateek Boob, the company provides test-preparation and upskilling courses across 13 education categories, including JEE, NEET, UPSC, banking, data science, and finance.

It has grown from a YouTube channel into a comprehensive learning ecosystem with mobile apps, websites, and 303 hybrid/offline centers as of June 2025. PW’s content reaches 13.7 million subscribers on YouTube and over 4.46 million paid users, making it one of the top 5 edtech companies in India by revenue.

Business Overview of PhysicsWallah Ltd.

PhysicsWallah follows a hybrid model, combining online reach with physical learning infrastructure. Its offerings include:

• PW App & Website: Online live and recorded classes, test series, and doubt-solving.
• PW Pathshala: Tech-enabled offline learning centres across India.
• Upskilling Courses: Through subsidiaries like Xylem Learning and Utkarsh Classes.
• Publishing Arm: Over 4,382 educational books published.

The company’s vision is to make quality education affordable and accessible to students from Tier-II and Tier-III cities.

Key Highlights of PhysicsWallah Ltd.

The following table shows the key highlights of PhysicsWallah Ltd.:

Competitive Strengths of PhysicsWallah Ltd.

The following are the competitive strengths of PhysicsWallah Ltd.:

• Strong brand trust and high user engagement across YouTube and mobile platforms.
• Hybrid education model ensuring a deeper reach and higher revenue per student.
• Proven track record in test prep and upskilling education.
• Proprietary technology stack enhancing learning experiences.
• Experienced leadership team with proven execution capability.
• Consistent revenue growth and increasing offline presence across India.

Company Financials (₹ in Crores) of PhysicsWallah Ltd.

The following table shows the company financials of PhysicsWallah Ltd.:

Key Performance Indicators (as of Mar 31, 2025) of PhysicsWallah Ltd.

The following are the key performance indicators of PhysicsWallah Ltd.:

Objects of the Issue of PhysicsWallah Ltd.

The net proceeds from the PhysicsWallah IPO will be used for the following purposes:

Promoters & Shareholding of PhysicsWallah Ltd.

The following table shows the promoters and shareholding of PhysicsWallah Ltd.:

IPO Reservation of PhysicsWallah Ltd.

The following is the IPO reservation of PhysicsWallah Ltd.:

Why Consider Investing in PhysicsWallah Ltd. IPO

The following are some of the reasons why you should invest in PhysicsWallah Ltd. IPO:

• PhysicsWallah represents the next phase of India’s edtech evolution, combining online and offline learning with affordability and scale.
• The company’s reach, large student base, and diverse course portfolio give it a first-mover advantage in hybrid learning.
• However, potential investors should weigh its recent losses, high marketing spend, and scalability challenges before investing.

Frequently Asked Questions

What is the PhysicsWallah Ltd. IPO?

The PhysicsWallah IPO is a book-built issue of ₹3,480.00 crore, consisting of a fresh issue and offer for sale. The price band is ₹103–₹109 per share.

When to apply for the PhysicsWallah Ltd. IPO?

You can apply between November 11–13, 2025. Allotment is expected on November 14, and the listing is likely on November 18, 2025.

What is the minimum investment for the PhysicsWallah Ltd. IPO?

The minimum retail investment is ₹14,933 (1 lot = 137 shares).

How is the allocation distributed for the PhysicsWallah Ltd. IPO?

At least 75% for QIBs, 15% for NIIs, and 10% for retail investors.

Who are the promoters of PhysicsWallah Ltd.?

Alakh Pandey and Prateek Boob are the promoters of the company.

When will the PhysicsWallah Ltd. IPO be listed?

Tentative listing date is November 18, 2025, on NSE and BSE.

Why consider investing in the PhysicsWallah Ltd. IPO?

PhysicsWallah’s strong brand presence, growing offline reach, and diverse revenue streams make it an attractive edtech player. However, profitability and scalability remain key watchpoints.

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Author: Diwakar Singh

Diwakar Kumar Singh is a finance writer and BFSI specialist with 7+ years of experience in financial content and research. He has authored hundreds of finance articles, published multiple books internationally, and contributed to research publications. A Gold Medalist MBA from IMT, he brings a strong analytical understanding combined with clear, reader-focused communication. His work focuses on simplifying complex financial topics, including IPO analysis, unlisted shares, financial ratios, and company evaluations, providing well-researched and evidence-based insights to help readers make informed financial decisions.