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 19:00:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
2.70 |
|
Non-Institutional Investors |
0.48 |
|
Retail Individual Investors (RIIs) |
1.06 |
|
Employees |
3.49 |
|
Total |
1.81 |
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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