PhysicsWallah Limited (“PW”) is one of India’s fastest-growing education technology companies, offering online, offline, and hybrid learning solutions for competitive and board exam preparation. The company earns revenue mainly from teaching/coaching services, sale of books and tablets, hostel and transport income, and advertising on its digital platforms. Its learning ecosystem caters to JEE, NEET, UPSC, and K-12 students through platforms like PW App, PW Vidyapeeth, and PW Pathshala

PhysicsWallah,an Book Built Issue, amounting to â‚¹ 3480.00 Crore, consisting an fresh issue of 28.44crore shares aggregating to ₹ 3100.00 crores and offer for sale of 3.49 crore shares aggregating to ₹ 380.00 crores. The subscription period for the PhysicsWallah IPO opens on November 11, 2025, and closes on November 13, 2025. The allotment is expected to be finalized on or about Friday, November 14, 2025, and the shares will be listed on the BSE & NSE with a tentative listing date set on or about Tuesday, November 18 2025.

The Share Price Band of PhysicsWallah IPO is set at â‚¹ 103 to ₹109 per equity share. The Market Capitalisation of the PhysicsWallah at IPO price of ₹109 per equity share will be  â‚¹  31526.73 Crores. The lot size of the IPO is 137 shares. Retail investors are required to invest a minimum of  â‚¹ 14,933 ( 137 shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots ( 1,918 shares), amounting to â‚¹ 209,062.

Kotak Mahindra Capital Company Limited,J.P. Morgan India Private Limited,Goldman Sachs (India) Securities Private Limited,and Axis Capital Limited are the book running lead manager of the PhysicsWallah while MUFG Intime India Pvt.Ltd. is the registrar for the issue.

PhysicsWallah Limited IPO GMP Today
The Grey Market Premium of PhysicsWallah IPO is expected to be â‚¹ 0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

PhysicsWallah Limited IPO Live Subscription Status Today: Real-Time Update 

As of 06:30 PM on 13 November, 2025, the PhysicsWallah IPO live subscription status shows that the IPO subscribed 1.02 times on its Final Day of subscription period. Check the PhysicsWallah Solution IPO Live Subscription Status Today at BSE & NSE

PhysicsWallah Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
PhysicsWallah IPO allotment date is 14 November, 2025, Friday. PhysicsWallah IPO Allotment will be out on 14 November, 2025, Friday and will be live on Registrar Website from the allotment date.
Check MUFG Intime India Pvt.Ltd. IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select PhysicsWallah IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of PhysicsWallah Limited IPO
PhysicsWallah to utilise the Net Proceeds towards the following objects: 
1. â‚¹ 4605.51 Million is required for Capital expenditure for fit-outs of new offline and hybrid centers of our Company
2. â‚¹ 5483.08 Million is required for Expenditure towards lease payments of existing identified offline and hybrid centers operated by our Company
3. 471.68 Million   is required for Investment in our Subsidiary, Xylem Learning Private Limited for expenditure towards:
4. â‚¹ 316.48 Million is required for capital expenditure for fit-outs of new offline centers of Xylem (“New Xylem Centers”)
5. â‚¹ 155.20 Million is required forlease payments for Xylem’s existing identified offline centers and hostels
6. ₹ 280.02 Million is required for Investment in our Subsidiary, Utkarsh Classes & Edutech Private Limited for expenditure towards lease payments for Utkarsh Classes’ existing identified offline centers
7. â‚¹ 2001.06 Million is required for Expenditure towards server and cloud related infrastructure costs
8. ₹ 7100.00 Million is required for Expenditure towards marketing initiatives
9. ₹ 265.00 Million is required for Acquisition of additional shareholding in our Subsidiary, Utkarsh Classes & Edutech Private Limited

Refer to PhysicsWallah Limited RHP for more details about the Company.