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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Physicswallah Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹109
Per ShareLot Size
137 Shares
Minimum Investment
₹14,933
Issue Size
₹3,480 Cr
Face Value
₹1
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
80.62%
Promoter Holding (Post-Issue)
72.3%
Issue Type
Book Building
ISIN
INE0LP301011
We offer test preparation courses for competitive examinations, and other courses such as for upskilling. Our channels of delivery include - (i) online, which includes our website and apps; (ii) tech-enabled offline centers (where our faculty conducts live classes in a physical center); or (iii) hybrid centers (our two-teacher model where a student attends a live online classes at a physical center and can benefit from another faculty that is present at the center to resolve questions and participate in revision classes).
India's education sector ranks among the largest worldwide, driven by its scale and continued investment. India's test preparation market is projected to grow at a CAGR of approximately 13% to reach Rs.1.9 trillion to Rs.2.1 trillion by Fiscal 2030. The online education market is witnessing steady growth, with its penetration estimated to increase from ~2% in Fiscal 2022 to ~4% in Fiscal 2025. There is steady growth across sectors with a CAGR of 9%, ~7%, 7%, ~11% and ~19% for Higher Education, Test Preparation and Upskilling, respectively between Fiscals 2022 and 2025. The undergraduate market and the postgraduate markets are estimated to grow at a CAGR of approximately 10% and 13% by Fiscal 2030.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 319,330,921 equity shares of face value of Re. 1/- each ("equity shares") of Physicswallah Limited (the "company" or the "issuer") for cash at a price of Rs. 109^ per equity share including a securities premium of Rs. 108^ per equity share (the "offer price") aggregating to Rs. 3480.00 crores (the "offer"). The offer comprises a fresh issue of 284,468,537 equity shares of face value of Re.1/- by the company aggregating to Rs. 3100.00 crores ("fresh issue") and an offer for sale of 34,862,384 equity shares of face value of Rs. 1/- each aggregating to Rs. 380.00 crores ("offer for sale") comprising an offer for sale of 17,431,192 equity shares of face value of Re.1/- each aggregating to Rs. 190.00 crores by Alakh Pandey and 17,431,192 equity shares of face value of Re. 1/- each aggregating to Rs. 190.00 crores by Prateek Boob ("promoter selling shareholders" together with the such equity shares, the "offered shares").
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Our Company was originally incorporated at Prayagraj, Uttar Pradesh as "Physicswallah Private Limited", a private limited company under the provisions of the Companies Act, 2013 with the Registrar of Companies, Uttar Pradesh at Kanpur ("RoC"), pursuant to a certificate of incorporation dated June 6, 2020, issued by the Registrar of Companies, Central Registration Centre. Upon the conversion of our Company into a public limited company, pursuant to a resolution passed by the Board of Directors dated December 11, 2024, and a Shareholders' resolution dated December 13, 2024, the name of our Company was changed to "Physicswallah Limited", and a fresh certificate of incorporation dated January 8, 2025 was issued by the Registrar of Companies, Central Processing Centre.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.