IPO Trending
PWLEQ / NSE, BSEListed
PhysicsWallah

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.

drhpanchor
₹103 - ₹1091.91x sub
Listed Price₹145.00
Listing Gain+33.03%

IPO Schedule & Timeline

Bookbuilding IPO
Open11 Nov 2025
Close13 Nov 2025
Allotment14 Nov 2025
Listing18 Nov 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor14,33,80,733 shares
44.91%
QIB9,55,38,505 shares
29.92%
HNI4,77,83,848 shares
14.97%
Retail3,18,55,898 shares
9.98%
Employee7,07,071 shares
0.22%

Minimum Application Lots

Retail1 Lot (137 shares)
₹14,933
sHNI14 Lots (1,918 shares)
₹2,09,062
bHNI67 Lots (9,179 shares)
₹10,00,511

Company Promoters

Alakh PandeyPrateek Boob

Company Background

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, to...

Lead Managers & Bankers

Axis Capital LimitedGoldman Sachs (India) Securities Private LimitedJ.P. Morgan India Private LimitedKotak Mahindra Capital Company Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Jun-25)₹905.41 Cr
Growth+17.2%
Revenue Trend (₹ in Crores)
0.01.2k2.3k3.5kMar-23Mar-24Mar-25Jun-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Jun-25905.41-127.95,075.671.55
Mar-253,039.09-243.264,156.40.33
Mar-242,015.35--1,131.132,480.741,687.4
Mar-23772.54--84.082,082.18956.15

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Jun-25-0.460%0%0-62.06
Mar-25-0.860%0%-116.860
Mar-24-4.790%0%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
14 Nov 2025
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
18 Nov 2025

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for PhysicsWallah. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization14 Nov 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date18 Nov 2025Trading commences on exchange

How to Check PhysicsWallah Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select PhysicsWallah from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP
Official FilingANCHOR

Allotment FAQs & Help

About PhysicsWallah IPO

Complete issue overview for PhysicsWallah (PWL) IPO. The issue features an equity share price band of ₹103 – ₹109 per share with a minimum retail lot size of 137 Shares (minimum application amount of ₹14,933). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions