Open Date
11 Nov 2025
Close Date
13 Nov 2025
Listing Date
18 Nov 2025
Max Investment
₹1,94,129
Price Range
₹103 - ₹109
Lot Size
-
IPO Size
₹3480Cr
Exchange Symbols
Physicswallah Ltd IPO
₹14,933
/ 137
Cutoff - Lot Size
Physicswallah IPO Dates and Timelines
Physicswallah IPO Size
Physicswallah IPO Reservation
Investor Category
Shares Offered
Allocation Percentage %
Anchor Investor Shares Offered
14,33,80,734
-
QIB Shares Offered
23,89,67,890
75.0%
NII (HNI) Shares Offered
4,77,93,578
15.0%
Retails Shares Offered
3,18,62,385
10.0%
Total Shares Offered
31,92,66,055
-
Total Shares with Anchor Investor
38,23,48,624
100%
Physicswallah IPO Lot Size
Applications
Lot
Shares
Amount
Retail (Min)
1
137
₹14,933
Retail (Max)
13
1781
₹1,94,129
S-HNI (Min)
14
1918
₹2,09,062
S-HNI (Max)
66
9042
₹9,85,578
B-HNI (Min)
67
9179
₹10,00,511
Physicswallah IPO Shareholding Pattern
Category
Pre-Issue
Post-issue
Promoter Group
80.62%
72.30%
Public Group
19.38%
27.70%
Physicswallah IPO Financials
Total Assets Total Liabilities
Total Revenue Total Expenditure
EBITDA Profit
Share Capital
Physicswallah IPO Peers
Peer Name
P/E(x)
RoNW%
Physicswallah IPO Strengths & Risks
Strength
Risks
We had 4.46 million Total Number of Paid Users in Fiscal 2025 which grew at a CAGR of 59.19% between Fiscals 2023 and 2025 and we had 2.43 million Paid Users in the three months ended June 30, 2025, driven by a student community-led approach.
We have a presence across 13 education categories in India with courses offered through multiple channels.
Our proprietary technology-stack enhances students' learning experience.
Our ecosystem generates network effects driven by our community based approach.
The company has incurred restated loss for the period/year of Rs. 1,270.09 million, Rs. 718.12 million, Rs.2,432.58 million, Rs.11,311.30 million and Rs.840.75 million for the three months ended June 30, 2025 and June 30, 2024, and Fiscals 2025, 2024 and 2023, respectively, and have had negative net worth as at March 31, 2024 and negative EBITDA in Fiscal 2024 and the three months ended June 30, 2025. If the company is unable to generate adequate revenue growth and manage its expenses and cash flows as the company grow, its may continue to incur losses in the future, which may negatively affect its financial condition.IPO Registrars
MUFG Intime India Pvt Ltd
Phone Number:
91-22-49186000
Email ID:
paytm.ipo@linkintime.co.in
Website:
www.linkintime.co.in
Physicswallah Limited
We offer test preparation courses for competitive examinations, and other courses such as for upskilling. Our channels of delivery include - (i) online, which includes our website and apps; (ii) tech-enabled offline centers (where our faculty conducts live classes in a physical center); or (iii) hybrid centers (our two-teacher model where a student attends a live online classes at a physical center and can benefit from another faculty that is present at the center to resolve questions and participate in revision classes).
Contact Details
IPO Company Name:
Physicswallah Limited
Phone Number:
+91 92899 26531
Email ID:
investorsrelation@pw.live
Website:
www.pw.live
Address:
Noida, Uttar Pradesh
Physicswallah IPO Overview
Physicswallah: IPO Dates
The Physicswallah IPO opens for subscription on 11 Nov 2025, and closes on 13 Nov 2025. Investors will likely receive their allotment status updates on 14 Nov 2025. Those who get allotted shares can expect them credited to their Demat accounts by 17 Nov 2025. The shares will be officially listed on the stock exchange on 18 Nov 2025.
Physicswallah: IPO Price Band
The IPO consists of a fresh issue and an offer for sale, with a price band set between ₹103.0 and ₹109.0 per share.Investors can apply within this range. This book-building issue includes a fresh issue worth ₹3100.0 crore and an offer for sale valued at ₹ 380.0 crore. The exact listing price will be revealed on 18 Nov 2025, which is when the shares start trading on the exchange.
Physicswallah: Lot Size and Issue Size
The minimum application lot size is shares, and investors need to apply for at least one lot. The total IPO size is approximately ₹3480Cr crore.
How to Apply for Physicswallah IPO Online?
- 1. Log in to Torus Digital: Open the Torus Digital app and enter your login details.
- 2. Find the IPO Section: Navigate to the ‘IPO’ tab in the app.
- 3. Select Physicswallah IPO: Choose it from the list of available IPOs.
- 4. Enter Lot Quantity: Input how many lots you want to apply for.
- 5. Provide UPI ID: Submit your UPI ID for payment.
- 6. Approve Payment: When the payment request comes to your UPI app, approve it by entering your UPI PIN.
How to Check IPO Allotment Status for Physicswallah?
- 1. Open the Torus Digital app and log in.
- 2. Go to the ‘IPO’ section and select ‘IPO Orders’.
- 3. Choose the Physicswallah IPO application.
- 4. View your allotment status.
You will also get notified of your allotment via push notifications and email from Torus Digital.
FAQ’s
What is the open date of IPO?
- The opening date of IPO is 11 Nov 2025.
What is the close date of IPO?
- The closing date of IPO is 13 Nov 2025.
What is the issue size of IPO?
- The issue size of IPO is Rs 3480 Cr.
What is the lot size of IPO?
- The size per lot of IPO is 137.0.
How to apply for IPO?
- To apply for IPO:
- Navigate to the IPO section of mobile app/website
- Click on Current IPO
- Click on IPO
- Enter Lot Quantity
- Enter Valid UPI ID
- Click on apply
- Your application will be processed once the transaction is completed successfully.
What is the allotment date of IPO?
- The Allotment Date of IPO is 14 Nov 2025.
What is the listing date of IPO?
- IPO will get listed on 18 Nov 2025.
Who is the registrar of IPO?
- The registrar of IPO is MUFG Intime India Pvt Ltd.
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