PhysicsWallah's IPO is opening on November 11. It includes a fresh issue and OFS totaling INR 3480 crore. Investors can apply until November 13. The company will raise investments for education and technology expansion.
PhysicsWallah IPO: The IPO of PhysicsWallah, a leading online education platform in the country, is set to open on November 11. The total size of this IPO is INR 3480 crore. The company has submitted its Red Herring Prospectus (RHP) to the registrar companies. Anchor investors can bid for it starting November 10. Investors participating in the IPO can place their bids until November 13. Shares will then be allotted by November 14 and will be listed on BSE and NSE from November 18.
Fresh Issue and Offer-for-Sale Included
This PhysicsWallah IPO is a combination of both a fresh issue and an Offer-for-Sale (OFS). Under the fresh issue, the company will issue new shares worth INR 3100 crore. Meanwhile, under the OFS window, promoters Alakh Pandey and Prateek Boob will sell shares worth INR 380 crore. According to media reports, both promoters will sell shares worth INR 190 crore through OFS. Currently, they collectively hold a 40.31 percent stake in the company.
This Noida-based company had filed draft papers with SEBI in March via the confidential pre-filing route. After market regulator SEBI gave its approval in July, the company also submitted an updated DRHP in September before filing the RHP. This process was essential for IPO preparation and to provide necessary information to investors.
Utilization of Funds Raised from IPO
PhysicsWallah has stated that the funds raised from the IPO will be utilized across several areas. Of this, INR 460.5 crore will be spent on establishing new offline and hybrid centers. INR 548.3 crore will be allocated for lease payments. Additionally, INR 47.2 crore will be invested in the subsidiary company Xylem Learning. This includes INR 31.6 crore for new centers and INR 15.5 crore for lease payments and hostels.
INR 33.7 crore will be provided to Utkarsh Classes & Edutech for lease payments for its centers. INR 200.1 crore will be spent on developing server and cloud infrastructure. INR 710 crore will be allocated for marketing, and INR 26.5 crore will be spent on acquiring additional stake in Utkarsh Classes. These investments are crucial for the company's expansion and technological enhancement.
PhysicsWallah's Genesis
PhysicsWallah was founded in 2020 by Alakh Pandey and Prateek Maheshwari as an ed-tech platform. Initially, the platform offered preparation for exams like NEET, JEE Mains, NCERT, and BITSAT exclusively through its YouTube channel. Students were provided with previous years' question papers to facilitate better preparation.
Today, PhysicsWallah boasts over 3.5 million registered students. It has more than 7.8 million subscribers on YouTube and an app rating of 4.8. The company has expanded its platform's reach by offering both offline and online classes.
With the opening of this IPO, investors' attention will be focused on PhysicsWallah's shares. The company is rapidly growing in India's ed-tech sector, and its significant investments and marketing plans will further strengthen it. Both new and experienced investors can participate in this IPO and contribute to the company's growth.
Investors participating in the IPO should note that this is a long-term investment. Investors should make decisions considering the company's financial status, marketing strategy, technology infrastructure, and future plans.
Key IPO Dates
- Anchor Investor Bidding: November 10, 2025
- IPO Opening Date: November 11, 2025
- Last Date for Investor Applications: November 13, 2025
- Share Allotment: November 14, 2025
- Share Listing: November 18, 2025
