PhysicsWallah IPO Day 2: Check Subscription Status & Key Highlights
The PhysicsWallah IPO enters its second day of subscription today, 12 November 2025. By the end of the first day, the issue was subscribed 0.08 times overall. The bidding window is scheduled to close on November 13, 2025.
PhysicsWallah IPO: Issue Details
The 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 NSE and BSE is November 18, 2025.
The book-running lead managers for the IPO are Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Goldman Sachs (India) Securities Private Limited, and Axis Capital Limited while KFin Technologies Limited serves as the registrar for the issue.
PhysicsWallah IPO Day 2 Subscription Status
[10-November-2025 12:12:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.00 |
|
Non-Institutional Investors |
0.04 |
|
Retail Individual Investors (RIIs) |
0.48 |
|
Employees |
1.49 |
|
Total |
0.10 |
PhysicsWallah IPO Day 1 Subscription Status
[11-November-2025 17:00:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.00 |
|
Non-Institutional Investors |
0.03 |
|
Retail Individual Investors (RIIs) |
0.36 |
|
Employees |
1.18 |
|
Total |
0.08 |
Utilisation of IPO Proceeds
The company will not receive any proceeds from the OFS (offer for sale) component; instead, they will be directly allocated to the selling shareholders.
The net proceeds from the fresh issue will be distributed towards
- 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 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.
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