PhysicsWallah IPO

PhysicsWallah IPO is one of the most anticipated offerings in India’s edtech sector. Founded in 2016 by Alakh Pandey, PhysicsWallah has grown into a leading education platform, offering affordable courses, test prep materials, and digital learning solutions for students across the country. The IPO is expected to raise funds to expand offline centers, enhance technology infrastructure, and strengthen its content library. With a focus on delivering quality education at low costs, PhysicsWallah has built a strong brand and loyal student base. The listing is likely to attract both retail and institutional investors looking for exposure to India’s booming edtech industry.

PhysicsWallah IPO Details

Check out the issue details for PhysicsWallah IPO as disclosed in SEBI.

Price Band

Not Issued

Issue Size

3820 Cr.

Issue Type

Book Built

Open

Not Issued

Close

Not Issued

PhysicsWallah News

 IPO news not found.

Company Financials

You can get the following financial statements of PhysicsWallah as of now.

Company Name

PhysicsWallah

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2023 Mar 2024 Mar 2025
Net Sales 734.76 1536.48 2333.98
Total Expenditure 744.38 2412.55 2260.66
Operating Profit -9.62 -876.07 73.32
Other Income 29.1 78.72 161.63
Interest 20.5 59.05 77.07
Depreciation 80.05 211.29 266.77
Exceptional Items 0 -63.39 -41.58
Profit Before Tax -81.07 -1131.07 -150.46
Provision for Tax -4.28 -60.1 -14.84
Net Profit -76.79 -1070.98 -135.62
Adjusted EPS (Rs.) -0.04 -0.5 -0.06

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 6 6 1052.84
Total Reserves 89.14 -866.16 919.78
Borrowings 925 1648.45 0
Other N/C liabilities 376.1 633.72 898.81
Current liabilities 451.18 876.97 1227.66
Total Liabilities 1847.43 2298.98 4099.09
Assets
Net Block 585.13 934.82 1121.21
Capital WIP 4.76 0 6.56
Intangible WIP 0.48 0.32 2.76
Investments 288.32 371.64 487.51
Loans & Advances 67.77 166.43 214.99
Other N/C Assets 132.02 180.29 114.88
Current Assets 768.96 645.47 2151.19
Total Assets 1847.43 2298.98 4099.09
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2023 Mar 2024 Mar 2025
Profit from operations -81.07 -1131.07 -150.46
Adjustment 180.95 1133.02 445.54
Changes in Assets & Liabilities 191.47 298.34 180.58
Tax Paid -24.44 -5.51 -5.01
Operating Cash Flow 266.91 294.77 470.65
Investing Cash Flow -1092.14 -149.69 -1515.27
Financing Cash Flow 849.52 -147.7 1038.92
Net Cash Flow 24.28 -2.62 -5.7

PhysicsWallah IPO: Date, Share Price, Review & Details

PhysicsWallah, a prominent Indian ed-tech platform, has filed its updated Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its upcoming Initial Public Offering (IPO). The company, founded by Alakh Pandey and Prateek Maheshwari, has grown from a YouTube channel into a major player in the education sector, offering a wide range of courses both online and offline.

About PhysicsWallah

PhysicsWallah provides affordable and high-quality educational content, primarily for students preparing for competitive exams like JEE and NEET. The company has expanded its offerings to include courses for various other exams and has established a significant presence with both online platforms and physical coaching centers. As of fiscal year 2025, PhysicsWallah had 4.46 million paid users, demonstrating a strong growth trajectory. The company is backed by notable investors such as Westbridge Capital and Lightspeed Venture Partners.

PhysicsWallah IPO Details (2025)

  • IPO Dates: The official dates for the IPO are yet to be announced. The company filed its updated draft papers with SEBI in September 2025, after receiving regulatory approval in July 2025.

  • Issue Size: The IPO aims to raise approximately Rs 3,820 crore, which includes a fresh issue of equity shares worth Rs 3,100 crore and an Offer for Sale (OFS) of shares amounting to Rs 720 crore by the promoters.

  • Promoter Offer: Co-founders Alakh Pandey and Prateek Maheshwari will each offload shares worth Rs 360 crore through the OFS. They both currently hold a 40.35% stake in the company.

  • Listing: The shares are proposed to be listed on both the BSE and NSE. The listing date is yet to be announced.

Use of IPO Proceeds

The funds raised from the fresh issue will be utilised for several strategic initiatives, including:

  • Expansion of Offline Centers: A significant portion of the proceeds will be used for the fit-outs of new offline and hybrid centers (Rs 460.5 crore) and for lease payments of existing centers (Rs 548.3 crore).

  • Investment in Subsidiaries: The company plans to invest in its subsidiaries, Xylem Learning Private Limited (Rs 47.1 crore) and Utkarsh Classes & Edutech Private Limited (Rs 33.6 crore for lease payments and Rs 26.5 crore for acquiring additional stake).

  • Technology and Marketing: Funds will also be allocated for enhancing server and cloud infrastructure (Rs 200.1 crore) and for marketing initiatives (Rs 710 crore).

  • Inorganic Growth: A portion of the proceeds will be used for unidentified acquisitions and general corporate purposes.

Financial Performance

PhysicsWallah has shown impressive financial growth. For the fiscal year 2025, the company's revenue from operations surged by 48.74% to Rs 2,886.6 crore. The company also managed to reduce its net loss during the same period, indicating improved operational efficiency.

What You Can Find on This Page

This page provides a comprehensive overview of the PhysicsWallah IPO, including:

  • Live IPO Subscription Status: Track the subscription numbers once the IPO is open.

  • Grey Market Premium (GMP): Get the latest GMP updates to gauge market sentiment.

  • Allotment and Listing Information: Find out the allotment status and track the share price once it is listed.

  • Financial Data: Access detailed financial statements and key performance indicators from the company's DRHP.

  • Analyst Reviews: Read expert opinions and recommendations on whether to subscribe to the IPO.

Frequently Asked Questions (FAQs) about PhysicsWallah IPO

Q1: What is the issue size of the PhysicsWallah IPO?
The total IPO size is approximately Rs 3,820 crore, with a fresh issue of Rs 3,100 crore and an OFS of Rs 720 crore.

Q2: Who are the founders of PhysicsWallah?
The company was founded by Alakh Pandey and Prateek Maheshwari, who are also the promoters.

Q3: How will the IPO proceeds be used?
The funds will be used for expanding offline centers, investing in subsidiaries, upgrading technology, marketing, and for inorganic growth.

Q4: When will the PhysicsWallah IPO be launched?
The official dates have not been announced yet, but the company has filed its updated draft papers with SEBI, moving a step closer to the launch.

For the latest updates on the PhysicsWallah IPO, including dates, price band, and other details, keep visiting this page.

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