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.

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