PhysicsWallah IPO Day 1: Check Subscription Status, Key Highlights, and More

Ed-tech unicorn PhysicsWallah’s Initial Public Offering (IPO) is open for public subscription today, November 11, 2025. One day prior to the IPO opening, the company has raised ₹1,563 crore from anchor investors on November 10, 2025. 

PhysicsWallah IPO: Issue Details

PhysicsWallah IPO is a book-building issue of ₹3,480 crores, consisting of a fresh issue of ₹3,100 crores and an offer for sale of ₹380 crores by promoters Alakh Pandey and Prateek Boob.   

The price band is set between ₹103 and ₹109 per share. The basis of allotment will be finalised by November 14, 2025, and the tentative listing date on BSE and NSE is November 18, 2025. 

PhysicsWallah IPO Day 1 Subscription Status

[11-November-2025 17:00:00 hrs]

Utilisation of IPO Proceeds

The net proceeds from the fresh will be used to 

• Fund capital expenditure towards 
  • Fit-outs of company’s new offline and hybrid centers; 
  • Lease payments of existing identified offline and hybrid centers
  • Server and cloud-related infrastructure costs
  • Marketing initiatives
    
• Invest in subsidiaries 
  • Xylem Learning Private Limited to fund capital expenditure for fit-outs of new offline centers of Xylem and lease payments for Xylem’s existing identified offline centers and hostels

• • Utkarsh Classes & Edutech Private Limited to fund capital expenditure for Utkarsh Classes’ existing identified offline centers
    

• Funding inorganic growth through unidentified acquisitions 
• General corporate purposes
• Acquire additional shareholding in the subsidiary, Utkarsh Classes & Edutech Private Limited

PhysicsWallah Business Overview

PhysicsWallah (“PW”) is a leading education technology company in India, providing comprehensive test preparation and upskilling courses through a blend of online, offline, and hybrid learning models. 

Their delivery channels include (i) digital platforms, which comprise websites, mobile applications, and extensive social media presence; (ii) tech-enabled offline centers, where students attend live in-person lectures; and (iii) hybrid centers, which follow a two-teacher format combining live online instruction with in-person academic support and doubt-solving sessions.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here