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PWLEQ / NSE, BSEListed

PhysicsWallah Limited

The company is a leading EdTech platform offering online, offline, and hybrid test preparation for exams like JEE, NEET, and UPSC, along with upskilling courses in Data Science, Finance, and Software Development. As of July 15, 2025, it had 13.7 million YouTube subscribers, 4.13 million online transacting users, and 0.33 million offline enrolled students, totaling 4.46 million paid users with a CAGR of 59.19% from FY23 to FY25. It operates 198 tech-enabled hybrid centers, has 5,096 faculty members, and employs 15,775 people. The company has published 3,582 books and ranks among the top five EdTech firms in India by revenue. IPO proceeds will primarily be used for expanding offline and hybrid centers (₹1,056 crore), upgrading server and cloud infrastructure (₹200 crore), marketing (₹710 crore), acquisitions and investments (₹107 crore), and other corporate purposes.

₹103 - ₹1091.91x sub
Listed Price145.00
Listing Gain+33.03%
TimelineBookbuilding IPO
Open11 Nov 2025
Close13 Nov 2025
Allotment14 Nov 2025
Listing18 Nov 2025

Quota Reservation Portions

AnchorPortion: 14,33,80,733 shares
44.91%
QIBPortion: 9,55,38,505 shares
29.92%
HNIPortion: 4,77,83,848 shares
14.97%
RetailPortion: 3,18,55,898 shares
9.98%
EmployeePortion: 7,07,071 shares
0.22%

Minimum Application Bracket Matrix

Retail1 lots / 137 shares
₹14,933
sHNI14 lots / 1,918 shares
₹2,09,062
bHNI67 lots / 9,179 shares
₹10,00,511

About the Company

The company is a leading EdTech platform offering online, offline, and hybrid test preparation for exams like JEE, NEET, and UPSC, along with upskilling courses in Data Science, Finance, and Software Development. As of July 15, 2025, it had 13.7 million YouTube subscribers, 4.13 million online transacting users, and 0.33 million offline enrolled students, totaling 4.46 million paid users with a CAGR of 59.19% from FY23 to FY25. It operates 198 tech-enabled hybrid centers, has 5,096 faculty members, and employs 15,775 people. The company has published 3,582 books and ranks among the top five EdTech firms in India by revenue. IPO proceeds will primarily be used for expanding offline and hybrid centers (₹1,056 crore), upgrading server and cloud infrastructure (₹200 crore), marketing (₹710 crore), acquisitions and investments (₹107 crore), and other corporate purposes.

Company Promoters

Alakh PandeyPrateek Boob
PhysicsWallah Limited IPO Details | GMP, Allotment & Financials | IPO Trending