Physicswallah limited IPO Overview
Physicswallah limited IPO is a Mainboard public issue offered through a Book Building issue with a total issue size of ₹3,480.00 Cr. The IPO price band is set at ₹103 to ₹109 per share, and retail investors can apply with a minimum investment of ₹14,933 as per IPO guidelines.
The Physicswallah limited IPO opens on 11 Nov 2025 and closes on 13 Nov 2025. The IPO allotment is expected to be finalized on 14 Nov 2025, and the equity shares are proposed to be listed on BSE,NSE on 18 Nov 2025.
Investors can refer to the Physicswallah limited IPO RHP-DRHP for detailed information. The issue is managed by Kotak Mahindra Capital Co.Ltd.,JP Morgan India Pvt.Ltd.,Goldman Sachs (India) Securities Pvt.Ltd.,Axis Capital Ltd. as the book running lead manager, while MUFG Intime India Private Limited (Link Intime) is the registrar to the IPO. Before investing, market participants often review IPO details, valuation, PE ratio, financials, and risk factors.
About physicswallah limited
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
Investment Objective
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