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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%
Subscription1.91x total demandUpdated 18 Nov 2025, 04:18 AM
QIB2.86x
Fully Subscribed (Safe)Offered: 9,55,38,505 sh
Nib0.51x
Steady / DevelopingOffered: 4,77,83,848 sh
Hnis(10l +)0.58x
Steady / DevelopingOffered: 3,18,55,898 sh
Hnis (2-10l)0.37x
Steady / DevelopingOffered: 1,59,27,949 sh
Retail1.12x
Fully Subscribed (Safe)Offered: 3,18,55,898 sh
Employees3.71x
Popular / Warm DemandOffered: 7,07,071 sh
CategoryOfferedAppliedTimes
QIB9,55,38,50527,35,75,8482.86x
Nib4,77,83,8482,44,24,2230.51x
Hnis(10l +)3,18,55,8981,85,67,6100.58x
Hnis (2-10l)1,59,27,94958,56,6130.37x
Retail3,18,55,8983,56,00,2721.12x
Employees7,07,07126,26,7013.71x
Segment Subscription Demand
Segment / CategoryDemand (Shares)Offered (Shares)Times Sub.
QIB2,981.981,041.372.86x
Fiis941.190Open
Fis1550Open
Mutual Funds1,747.280Open
Others138.510Open
Retail388.04347.231.12x
Hnis 2+63.84173.610.37x
Hnis 10+202.39347.230.58x
Employees28.637.713.71x
Application-wise Breakup
CategoryReservedAppliedTimes Sub.
Retail2,32,5251,96,5350.85x
Employees08,595Open
Hnis(10l +)16,6091,2180.07x
Hnis (2-10l)8,3042,5240.30x