PhysicsWallah IPO: Edtech Major Offers Shares Worth Rs 3,820 Crore — Check Details
Delhi-based edtech major PhysicsWallah Ltd. has filed the draft offer documents for an initial public offering of shares worth Rs 3,820 crore. The company will raise up to Rs 3,100 crore via a fresh issue, and co-founders Alakh Pandey and Prateek Maheshwari will sell equity worth Rs 720 crore via an offer for sale.
Key Highlights of the PhysicsWallah IPO
- The face value of the equity shares is Rs 1 apiece.
- Details regarding the price band, IPO period, listing date, and other relevant information will be issued after obtaining SEBI approval.
- In July, PhysicsWallah received the market regulator’s approval for its confidentially filed draft papers.
Utilization of IPO Proceeds
PhysicsWallah will utilise the proceeds from the fresh issue for various purposes. It will use Rs 710 crore for marketing initiatives, Rs 548 crore for lease payments of existing identified offline and hybrid centers operated by the company, Rs 460 crore for capital expenditure for fit-outs of new offline and hybrid centers, and Rs 471 crore for investment in subsidiary Xylem Learning Pvt.
The company offers test preparation courses for competitive examinations, and other courses such as for upskilling. The platform had 44.6 lakh paid users in the financial year 2025, which grew at a CAGR of 59% between FY23 and FY25, as per the DRHP. For more information on edtech industry in India, visit our website.
Market Presence and Revenue
PhysicsWallah is among the top five education companies in terms of revenue in India. Their main YouTube channel — ‘Physics Wallah-Alakh Pandey’, had nearly 1.37 crore subscribers as of July 15, 2025, according to a Redseer Report. The company operated 198 offline centers as of March 31. To know more about initial public offering process, click here.
Lead Bankers to the IPO
JPMorgan India Pvt., Axis Capital Ltd., Goldman Sachs (India), and Kotak Mahindra Capital Co. are the lead bankers to the IPO. For the latest updates on Indian stock market news, stay tuned to our website.
Investor Sentiment and Market Outlook
The PhysicsWallah IPO is expected to attract significant investor interest, given the company’s strong market presence and revenue growth. However, investors should carefully evaluate the company’s financials and growth prospects before making an investment decision. To learn more about investing in IPOs, read our detailed guide.
Conclusion
In conclusion, the PhysicsWallah IPO is a significant development in the Indian edtech space. With its strong market presence and revenue growth, the company is well-positioned to capitalize on the growing demand for online education. However, investors should remain cautious and carefully evaluate the company’s financials and growth prospects before making an investment decision. For more information on edtech companies in India, visit our website.