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Open
11 Nov 2025
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Close
13 Nov 2025
3
Allotment
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Listing
Tue, Nov 18, 2025
Price Band
₹103 to ₹109
Issue Size
31,93,30,921 shares (agg. up to ₹3,480 Cr)
Lot Size
137 Shares
Listing Date
Tue, Nov 18, 2025
Latest GMP
₹14
Est. Gain
12.84%
✦ AI Insight
GMP Trend
18-11-2025₹14Est. ₹123+12.84%
17-11-2025₹14Est. ₹123+12.84%
16-11-2025₹9Est. ₹118+8.26%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.49x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 5,075.67 | 4,156.38 | 2,480.74 | 2,082.18 |
| Total Income | 905.41 | 3,039.09 | 2,015.35 | 772.54 |
| Profit After Tax | -127.01 | -243.26 | -1,131.13 | -84.08 |
| EBITDA | -21.22 | 193.20 | -829.35 | 13.86 |
| NET Worth | 1,867.92 | 1,945.37 | -861.79 | 62.29 |
| Reserves and Surplus | 787.92 | 467.06 | -1,254.74 | -187.65 |
| Total Borrowing | 1.55 | 0.33 | 1,687.40 | 956.15 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Jaro Institute of Technology Management & Research Ltd. | Mainboard | ₹450.00 Cr | ₹890 | 34.88 | ₹744.25 | -16.38% | ₹492.65 (-1.04%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure for fit-outs of new offline and hybrid centers of Company | 460.55 |
| 2 | Expenditure towards lease payments of existing identified offline and hybrid centers operated by Company | 548.31 |
| 3 | Capital expenditure for fit-outs of new offline centers of Xylem | 31.65 |
| 4 | Lease payments for Xylems existing identified offline centers and hostels | 15.52 |
| 5 | Investment in Subsidiary, Utkarsh Classes & Edutech Pvt.Ltd. for expenditure towards lease payments for Utkarsh Classes existing identified offline centers | 28.00 |
| 6 | Expenditure towards server and cloud related infrastructure costs | 200.11 |
| 7 | Expenditure towards marketing initiatives | 710.00 |
| 8 | Acquisition of additional shareholding in Subsidiary, Utkarsh Classes & Edutech Pvt.Ltd. | 26.50 |
| 9 | Funding inorganic growth through unidentified acquisitions and general corporate purposes | 941.15 |
| 10 | Issue Expenses | 155.19 |
| Total | 3,116.97 |
About PhysicsWallah IPO
Physicswallah is an edtech company offering test preparation courses for various competitive examinations like JEE, NEET, UPSC, etc. and upskilling courses like Data science and analytics, banking and finance, software development, etc. It offers online services via social media channels, website and apps and also offers techenabled offline centers and hybrid centers. It is among the top 5 edtech companies in terms of revenues in India and has 13.7 million subscribers on YouTube as of July 15, 2025. Key Numbers: 4.13 million Unique Transacting users (Online) and 0.33 million students enrolled for offline centers. Average collection per user: 3,930.55 as of June 30, 2025 Multiple courses across 13 education categories 303 total offline centers as of June 30, 2025 6,267 Faculty members as of June 30, 2025 18,028 employees as of June 30, 2025 4382 books published Competitive strengths 4.46 million Total Number of Paid Users in Fiscal 2025, grew at a CAGR of 59.19% from fiscal 2023 to 2025 Presence across a large number of education categories in India with courses offered through multiple channel Proprietary technology-stack enhances students’ learning experience Specialized faculty m
Contact Details
PhysicsWallah Ltd. AddressB 8, Block BIndustrial Area, Sector 62Noida, Uttar Pradesh, 201309+91 9289926531investorsrelation@pw.liveVisit Website