PhysicsWallah IPO Day 3: Check Subscription Status & Key Highlights
The ₹3,480 crore initial public offering (IPO) of PhysicsWallah enters its final day of public bidding today, 13 November, 2025. Till the end of day 2, the IPO received a muted subscription of 0.14 times.
PhysicsWallah IPO: Issue Details
- Issue Size: The PhysicsWallah IPO is a book-building issue of ₹3,899.91 crore, consisting of a fresh issue of ₹2,080 crore and an offer for sale of ₹1,819.91 crore.
- Price Band: The price band is set between ₹103 and ₹109 per share.
- Book-running lead managers: Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Goldman Sachs (India) Securities Private Limited, and Axis Capital Limited
- Registrar: KFin Technologies Limited
- Listing: The shares are proposed to be listed on the NSE and the BSE on November 18.
PhysicsWallah IPO Day 3: Subscription Details
[13-November-2025 10:48:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.00 |
|
Non-Institutional Investors |
0.08 |
|
Retail Individual Investors (RIIs) |
0.70 |
|
Employees |
2.06 |
|
Total |
0.16 |
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used 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 one of India’s leading EdTech companies, founded in 2016 by Alakh Pandey, that offers a comprehensive suite of test preparation and upskilling courses. Their delivery model integrates both digital and physical learning channels, i.e., online mode; tech-enabled offline centres, where classes are conducted live by our faculty members in classrooms; and hybrid centres – based on a distinctive two-teacher model.
According to the Redseer Report, PhysicsWallah is among the top five education companies in India by revenue and hold the largest student community in the country.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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