PhysicsWallah IPO is one of the most awaited public issues in the Indian stock market. The edtech unicorn, founded by Alakh Pandey, has officially filed its Updated Draft Red Herring Prospectus (UDRHP) with SEBI in September 2025. Investors and market watchers are closely tracking every update related to PhysicsWallah IPO GMP, price band, issue size, and listing date.
In this article, we break down all the latest details point-wise.
PhysicsWallah IPO Key Highlights
- Company Name: PhysicsWallah (PW)
- Industry: Edtech (online + offline hybrid learning)
- IPO Filing Date: September 7, 2025 (UDRHP filed with SEBI)
- SEBI Approval: Received in July 2025
- IPO Issue Size: ₹3,820 crore
- Fresh Issue: ₹3,100 crore
- Offer for Sale (OFS): ₹720 crore (₹360 crore each by promoters Alakh Pandey & Prateek Boob)
- Promoter Shareholding Pre-IPO: 40.35% each
- GMP (Grey Market Premium): Not available yet
- Price Band: Not announced
- IPO Dates: To be announced
- Lead Managers: Kotak Mahindra Capital, JPMorgan India, Goldman Sachs India, Axis Capital
- Registrar: MUFG Intime India Pvt Ltd
PhysicsWallah IPO Issue Size & Structure
The total issue size is ₹3,820 crore, divided into:
- Fresh Issue (₹3,100 crore): To fund expansion, infrastructure, marketing, and subsidiaries.
- OFS (₹720 crore): Promoters Alakh Pandey and Prateek Boob will each sell shares worth ₹360 crore.
Use of IPO Proceeds
The company plans to use the IPO funds in the following ways:
- ₹460.5 crore – Setup of new offline/hybrid centres
- ₹548.3 crore – Lease payments for existing centres
- ₹47.2 crore – Investment in subsidiary Xylem Learning (centres & hostels)
- ₹33.7 crore – Lease payments for Utkarsh Classes
- ₹200.1 crore – Cloud/server infrastructure
- ₹710 crore – Marketing and brand building
- ₹26.5 crore – Acquisition of more stake in Utkarsh Classes
PhysicsWallah IPO GMP (Grey Market Premium)
- Currently, no GMP (Grey Market Premium) is available because the IPO price band and opening dates are yet to be announced.
- Once grey market activity begins, GMP will indicate investor sentiment before listing.
PhysicsWallah IPO Dates, Price Band & Lot Size
- IPO Opening Date: Not declared
- IPO Closing Date: Not declared
- Allotment Date: To be announced
- Listing Date: To be announced
- Price Band: Yet to be announced
- Lot Size: Will be confirmed closer to launch
Promoter & Investor Shareholding
- Promoters Before IPO: Alakh Pandey & Prateek Boob (40.35% each)
- Promoters Selling in OFS: ₹720 crore combined
- Institutional Investors:
- WestBridge Capital – 6.41%
- Hornbill Capital – 4.42%
- GSV Ventures – 2.85%
- Lightspeed – 1.79%
- Setu AIF – 1.39%
Why is PhysicsWallah IPO Important?
- First Indian Edtech Unicorn IPO – A milestone for the education technology sector.
- Strong Brand Value – Started as a YouTube channel in 2016, PhysicsWallah is now a trusted hybrid learning brand.
- Growth Potential – Expansion into offline centres and regional markets.
- High Investor Interest – Backed by marquee investors like WestBridge, Lightspeed, and GSV Ventures.
PhysicsWallah IPO – Summary Table
| Particulars | Details |
|---|---|
| IPO Size | ₹3,820 crore |
| Fresh Issue | ₹3,100 crore |
| Offer for Sale (OFS) | ₹720 crore |
| SEBI Approval | July 2025 |
| Filing Date | September 7, 2025 |
| GMP | Not Available |
| Price Band | Not Announced |
| Lot Size | To be Announced |
| Lead Managers | Kotak, JPMorgan, Goldman Sachs, Axis |
| Registrar | MUFG Intime India Pvt Ltd |
FAQs on PhysicsWallah IPO
Q1. What is the PhysicsWallah IPO issue size?
👉 The IPO issue size is ₹3,820 crore (₹3,100 Cr fresh + ₹720 Cr OFS).
Q2. Has the PhysicsWallah IPO GMP started?
👉 No, GMP (Grey Market Premium) is not available yet.
Q3. Who are the promoters of PhysicsWallah?
👉 Alakh Pandey and Prateek Boob are the promoters.
Q4. When will PhysicsWallah IPO open?
👉 The opening and closing dates will be announced soon after SEBI clearance.
Q5. Why is PhysicsWallah IPO important?
👉 It is the first Indian edtech unicorn IPO, making it a landmark event for the education sector.
The PhysicsWallah IPO 2025 is one of the most exciting IPOs of the year. With a strong brand, hybrid education model, and solid investor backing, the issue has the potential to attract huge investor interest.
Investors should keep track of updates regarding IPO dates, price band, GMP, and allotment status to make informed decisions.