Get all key details of PhysicsWallah Ltd IPO – issue dates, price band, lot size, GMP, allotment, and listing info.
IPO Key Highlights
| Company | PhysicsWallah Limited |
| Sector | EdTech (Test prep & K-12) |
| Issue Size | ₹3,480 Cr (Fresh ₹3,100 Cr + OFS ₹380 Cr) |
| Price Band | ₹103 – ₹109 per share (FV ₹1) |
| Lot Size | 137 shares (Min investment ~₹14,111 at lower band) |
| Valuation (Upper Band) | ~₹2,80,73 Cr (~$3.19B) |
| Listing | BSE & NSE |
IPO Schedule
GMP (Grey Market Premium)
GMP changes frequently and is based on informal grey market trades. We update this section as credible reports emerge.
- Current GMP: Check latest updates on IPO day (indicative only, not a recommendation).
- Estimated Listing Price: Issue Price + GMP
About PhysicsWallah
PhysicsWallah (founded by Alakh Pandey & Prateek Boob) is a leading Indian ed-tech platform offering affordable courses for JEE, NEET, UPSC, K-12 and skill programs. The company operates an omni-channel model with a large digital footprint (app, website, YouTube) and a fast-growing network of offline/hybrid learning centres.
Use of IPO Proceeds (Fresh Issue)
- Expansion and fit-outs of new offline & hybrid centres
- Lease payments & centre enhancements
- Investments in subsidiaries/partners to support inorganic growth
- Technology upgrades, marketing & general corporate purposes
Strengths
- Strong brand recall with large, engaged learner base across India
- Affordable pricing & wide course coverage (test prep + school + skills)
- Omni-channel distribution enabling reach in Tier-II/III cities
Risks
- Execution risks in scaling offline centres nationwide
- Competitive intensity across ed-tech/test prep
- Profitability/margin sensitivity during expansion
How to Apply for PhysicsWallah IPO
- Login to your broker or UPI-enabled app
- Search for PhysicsWallah Limited under IPO
- Select investor type (Retail / HNI / Employee) & enter lots
- Choose price (cut-off/within band) and submit
- Approve the UPI mandate to confirm your application
FAQs
What are the PhysicsWallah IPO dates?
Opens 11 Nov 2025, closes 13 Nov 2025. Tentative listing 18 Nov 2025.
What is the price band & lot size?
₹103–₹109 per share; lot size 137 shares.
On which exchanges will it list?
BSE & NSE.
Is GMP a reliable indicator?
No. It’s unofficial market sentiment; not investment advice.