Physicswallah Limited IPO

Physicswallah is an edtech company offering test preparation courses for various competitive examinations like JEE, NEET, UPSC, etc. and upskilling courses like Data science and analytics, banking and finance, software development, etc. It offers online services via social media channels, website and apps and also offers techenabled offline centers and hybrid centers. It is among the top 5 edtech companies in terms of revenues in India and has 13.7 million subscribers on YouTube as of July 15, 2025. Key Numbers: 4.13 million Unique Transacting users (Online) and 0.33 million students enrolled for offline centers. Average collection per user: 3,930.55 as of June 30, 2025 Multiple courses across 13 education categories 303 total offline centers as of June 30, 2025 6,267 Faculty members as of June 30, 2025 18,028 employees as of June 30, 2025 4382 books published Competitive strengths 4.46 million Total Number of Paid Users in Fiscal 2025, grew at a CAGR of 59.19% from fiscal 2023 to 2025 Presence across a large number of education categories in India with courses offered through multiple channel Proprietary technology-stack enhances students’ learning experience Specialized faculty members across categories, quality content and well-planned curriculum Experienced management team led by our visionary founders

Capital expenditure for fit-outs of new offline and hybrid centers of our Company Expenditure towards lease payments of existing identified offline and hybrid centers operated by our Company Capital expenditure for fit-outs of new offline centers of Xylem Lease payments for Xylem’s existing identified offline centers and hostels Investment in our Subsidiary, Utkarsh Classes & Edutech Private Limited for expenditure towards lease payments for Utkarsh Classes’ existing identified offline centers 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