PhysicsWallah IPO: From YouTube Chalkboard to Dalal Street Glory- Alakh Pandey, A teacher Richer Richer Than SRK!
Grab your popcorn (or maybe your demat account password), because PhysicsWallah is making a blockbuster debut on Dalal Street!
The ₹3,480 crore IPO from the Noida-based edtech sensation opens for subscription on Tuesday, November 11, and closes on Thursday, November 13, 2025. The anchor book for institutional investors drops a day earlier, on Monday, November 10, call it the red-carpet premiere before the main show!
Once a humble YouTube teacher solving JEE equations, Alakh Pandey has now out-earned the King of Bollywood, Shah Rukh Khan himself!
From blackboards to billionaires, this is a success story India can’t stop talking about. So, investors — are you ready to take notes? Because this IPO might just be the formula for “E = mc²- Earnings = Massive Cash x Confidence!”
PhysicsWallah IPO: Price Band And Lot Size
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Price Band: ₹103–₹109 per equity share of face value ₹1.
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Floor Price: 103 times the face value.
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Cap Price: 109 times the face value.
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Lot Size: 137 equity shares and in multiples thereafter.
PhysicsWallah IPO: Reservation Breakdown
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Qualified Institutional Buyers (QIB): Not less than 75%
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Non-Institutional Investors (NII): Not more than 15%
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Retail Investors: Not more than 10%
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Employee Quota: Shares worth up to ₹70 million reserved
PhysicsWallah IPO: Timeline
| Event | Date |
|---|---|
| Anchor Investor Allocation | November 10, 2025 |
| IPO Opens | November 11, 2025 |
| IPO Closes | November 13, 2025 |
| Basis of Allotment | November 14, 2025 |
| Refunds Initiated | November 17, 2025 |
| Shares Credited to Demat | November 17, 2025 |
| Listing on BSE & NSE | November 18, 2025 |
PhysicsWallah IPO: Offer Structure
PhysicsWallah’s IPO consists of:
- Fresh Issue: ₹3,100 crore
- Offer for Sale (OFS): ₹380 crore
Promoters Alakh Pandey and Prateek Boob will each sell part of their holdings through the OFS.
- Shareholding Pattern
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Promoters (Alakh Pandey & Prateek Boob): 80.62% (equally held)
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Public Shareholders: 19.38%, including:
- WestBridge AIF – 6.40%
- Hornbill Capital Partners – 4.41%
- GSV Ventures Fund – 2.85%
- Lightspeed Opportunity Fund – 1.79%
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Use Of IPO Proceeds By PhysicsWallah
The company plans to utilize the proceeds as follows:
- ₹460.5 crore – Fit-outs for new offline & hybrid centers
- ₹548.3 crore – Lease payments for existing centers
- ₹47.2 crore – Investment in subsidiary Xylem Learning
- ₹28 crore – Lease payments for Utkarsh Classes & Edutech centers
- ₹26.5 crore – Additional shareholding in Utkarsh Classes
- ₹200.1 crore – Server & cloud infrastructure
- ₹710 crore – Marketing and brand initiatives
- Remaining funds – Acquisitions & general corporate purposes
PhysicsWallah Financial Performance
| Period | Revenue (₹ crore) | Profit/Loss (₹ crore) |
|---|---|---|
| Q1 FY26 | 847 | -152 |
| Q1 FY25 | 635.2 | -102.2 |
| FY25 | 2,886.6 | -225.8 |
| FY24 | 1,940.7 | -1,263.9 |
Revenue rose sharply year-on-year, while losses narrowed substantially in FY25, indicating operational improvement.
PhysicsWallah IPO: Book Running Lead Managers
The PhysicsWallah IPO is being managed by:
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Kotak Mahindra Capital Company
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JP Morgan India
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Goldman Sachs (India) Securities
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Axis Capital
(With Inputs)
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