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Physics Wallah IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ [●] Cr. The company is based in Noida and caters to Education - Edtech sector. Axis Capital , Goldman Sachs (India) Securities , J.P. Morgan India , Kotak Mahindra Capital Company are the merchant bankers of Physics Wallah IPO. It is a MainBoard Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 6th September 2025.
IPO
Size:
₹ Cr.
Avg IPO Size (Sector Based)
: ₹
383.70 cr.
Sector: Education - Edtech
IPO so far:
4
Merchant Banker:
Axis Capital
IPO by BRLM so far:
167
City:
Noida
IPO so far:
1
Revenue (annualised):
₹
2886.64
cr. 
PE
Ratio:
x
Average Sector PE Ratio: 40.55x
Physics Wallah IPO size is ₹ [●] with IPO price of ₹ [●]. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
| Particulars | Amount |
|---|---|
| Expenditure towards lease payments of existing identified offline and hybrid centers operated by the Company | [●] |
| Investment in our Subsidiary, Xylem Learning Private Limited for expenditure towards: (i) capital expenditure for fit-outs of new offline centers of Xylem (“New Xylem Centers”) (ii) lease payments for Xylem’s existing identified offline centers and hostels | [●] |
| Investment in our Subsidiary, Utkarsh Classes & Edutech Private Limited for expenditure towards lease payments for Utkarsh Classes’ existing identified offline centers | [●] |
| Expenditure towards server and cloud related infrastructure costs | [●] |
| Expenditure towards marketing initiatives | [●] |
| Acquisition of additional shareholding in our Subsidiary, Utkarsh Classes & Edutech Private Limited | [●] |
| Funding inorganic growth through unidentified acquisitions and general corporate purposes | [●] |
Axis Capital Limited is the book-running lead manager of the Physics Wallah IPO. MUFG Intime India Private Limited (prev known as Linkintime India Private Limited) is the Registrar for Physics Wallah IPO.
Physics Wallah IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Physics Wallah IPO, based in Noida, operates in the Education - Edtech sector with a focus on Indian education technology company. The company is launching its MainBoard Upcoming IPO on the BSE,NSE exchange, using the Book Building Issue method. Physics Wallah IPO size is ₹ [●] with fresh issue size of ₹ 0 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Physics Wallah IPO is expected to be [●], after the finalization of basis of allotment. Investors can check Physics Wallah IPO allotment status on the registrars website, MUFG Intime India Private Limited (prev known as Linkintime India Private Limited) . Physics Wallah IPO refund dates are [●].
Physics Wallah IPO is expected to be listed on [●].
The upper price band for the Physics Wallah IPO is set at ₹ [●] per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Physics Wallah IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Physics Wallah IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of [●]. After submission, funds are blocked until the basis of allotment of Physics Wallah IPO is finalised.
The merchant banker for Physics Wallah IPO is Axis Capital Limited , Goldman Sachs (India) Securities Private Limited , J.P. Morgan India Private Limited , Kotak Mahindra Capital Company Limited . Axis Capital Limited , Goldman Sachs (India) Securities Private Limited , J.P. Morgan India Private Limited , Kotak Mahindra Capital Company Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Physics Wallah IPO RHP for further details.
The registrar for Physics Wallah IPO is MUFG Intime India Private Limited (prev known as Linkintime India Private Limited) . Investors can go to MUFG Intime India Private Limited (prev known as Linkintime India Private Limited) registrar website for IPO allotment status, refund processing, and other queries related to Physics Wallah IPO through their official website or helpline.
Physics Wallah IPO was subscribed [●] times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
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IPO
Size:
[●]
Avg IPO Size (Sector Based)
:
₹ 383.70 Cr.
Sector: Education - Edtech
IPO so far:
4
Merchant Banker:
Axis Capital
IPO by BRLM so far:
167
City:
Noida
IPO so far:
1
Revenue (annualised):
₹ 2,886.64 cr.
PE
Ratio:
[●]
Average Sector PE Ratio: 40.55x
Physics Wallah IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Physics Wallah Financial Review Page
Merchant Banker(s) of Physics Wallah IPO: Axis Capital Limited , Goldman Sachs (India) Securities Private Limited , J.P. Morgan India Private Limited , Kotak Mahindra Capital Company Limited
Physics Wallah IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Physics Wallah IPO listed at a listing price of against the offer price of .
The current market price of Physics Wallah is .
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