PhysicsWallah IPO: Edtech firm PhysicsWallah is all set to launch its preliminary public providing (IPO) on Tuesday, November 11. The ₹3,480 crore guide construct problem combines a contemporary problem of 28.44 crore shares for ₹3,100 crore and a proposal on the market (OFS) of three.49 crore shares for ₹380 crore. Alakh Pandey and Prateek Boob are the 2 promoters promoting shareholders within the OFS.
The IPO is coming at a time when inventory market sentiment is enhancing, however buyers are turning cautious about loss-making startups, particularly within the edtech house, after Byju’s collapse. The gray market premium (GMP) of Physicswallah inventory has halved to ₹4 as of November 10 from its highest GMP of ₹9 a number of days in the past.
PhysicsWallah IPO GMP
Based on gray market sources, PhysicsWallah’s IPO GMP on November 10 was ₹4. Contemplating the higher worth band of the mainboard IPO at ₹109 per share, the estimated itemizing worth of PhysicsWallah shares is ₹113, a premium of almost 4 per cent.
PhysicsWallah IPO key particulars
1. PhysicsWallah IPO worth band: The problem’s worth band has been set at ₹103 to ₹109 per share.
2. PhysicsWallah IPO date: The mainboard IPO is opening for subscription on Tuesday, November 11, and can conclude on Thursday, November 13.
3. PhysicsWallah IPO measurement: The IPO combines a contemporary problem to lift ₹3,100 crore and a proposal on the market (OFS) of ₹380 crore.
4. PhysicsWallah IPO reservation: As a lot as 75 per cent of the online problem is reserved for certified institutional patrons (QIBs), and 15 per cent of the online problem is reserved for non-institutional buyers (NIIs). The remaining 10 per cent is reserved for retail buyers.
5. PhysicsWallah IPO lot measurement: The IPO lot measurement is 137 shares. The minimal lot measurement for a retail investor is one lot. With the difficulty’s higher worth band at ₹109, the minimal quantity of funding required by retail buyers is ₹14,933. The utmost lot measurement for retail buyers is 13 for ₹1,94,129.
6. PhysicsWallah IPO lot book-running lead managers and registrar: Kotak Mahindra Capital Firm Restricted, J.P. Morgan India Non-public Restricted, Goldman Sachs (India) Securities Non-public Restricted, and Axis Capital Restricted are the book-running lead managers of the difficulty. MUFG Intime India Non-public Restricted (previously Hyperlink Intime India Non-public Restricted) is the registrar of PhysicsWallah IPO.
7. PhysicsWallah IPO allotment date and itemizing date: Because the IPO is closing on Thursday, November 13, the allotment of shares is predicted to be finalised on the subsequent enterprise day, Friday, November 14. Profitable bidders can get the shares on the subsequent enterprise day on Monday, November 17, and those that fail to get the allotment will get the refunds on the identical day. PhysicsWallah IPO will record on the BSE and the NSE on Tuesday, November 18.
8. Object of PhysicsWallah IPO: Based on the RHP, PhysicsWallah will utilise the online proceeds from the contemporary problem of shares for capital expenditure for:
(i) fit-outs of latest offline and hybrid centres
(ii) lease funds of current recognized offline and hybrid centres
(iii) funding in its subsidiary, Utkarsh Courses and Edutech Non-public Restricted
(iv) expenditure in direction of server and cloud-related infrastructure prices
(v) expenditure in direction of advertising and marketing initiatives
(vi) acquisition of further shareholding in its subsidiary, Utkarsh Courses
(vii) funding inorganic development by way of unidentified acquisitions and basic company functions.
9. PhysicsWallah enterprise overview: PhysicsWallah provides take a look at preparation programs for aggressive examinations, and different programs comparable to for upskilling.
As per the RHP, it’s among the many prime 5 schooling corporations by way of income in India, and the biggest in India by way of pupil group, with its important YouTube channel, “Physics Wallah-Alakh Pandey,” having almost 13.7 million subscribers as of July 15, 2025, in keeping with Redseer Report.
10. PhysicsWallah’s monetary efficiency: PhysicsWallah has been incurring losses over the past a number of years. In FY23, it suffered a lack of ₹84.08 crore, which rose to ₹1,131.13 crore in FY24, however declined to ₹243.26 crore in FY25. For the three-month interval ended June 30, within the present monetary 12 months, it witnessed a lack of ₹127.01 crore.
Income from operations, nonetheless, has seen a sustained rise. In FY23, it was ₹744.32 crore, in FY24, it was ₹1,940.71 crore, and in FY25, income was ₹2,886.64 crore. For the primary three months in FY26, its income from operations was ₹847.01 crore.
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Disclaimer: This story is for academic functions solely. The views and proposals expressed are these of particular person analysts or broking corporations, not Mint. We advise buyers to seek the advice of with licensed consultants earlier than making any funding selections, as market circumstances can change quickly and circumstances might differ.
