PhysicsWallah IPO window opens on Nov 11 , 2025, and closes on Nov 13, 2025. This Book Built Issue 3,480.00 Crores and IPO Price Band 103 to 109 per Share, 1 Lots 137 Share Fresh Issue 3.100.00 Crores Offer for Sale 380.00 Crores This Share are Listing BSE, NSE November 18, 2025
IPO Details
| IPO Open Date | Nov 11, 2025 |
| IPO Close Date | Nov 13, 2025 |
| Face Value | 1 per Share |
| Lot Size | 137 Share |
| IPO Price Band | 103 to 109 per Share |
| Issue Size | 3,480.00 Crores |
| Offer for Sale | 380.00 Crores |
| Fresh Issue | 3.100.00 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
IPO Deadline
IPO opens on Nov 11, 2025, and closes on Nov 13, 2025.
| IPO Open Date | November 11, 2025 |
| IPO Close Date | November 13, 2025 |
| IPO Allotment Date | November 17, 2025 |
| Refunds Money | November 17, 2025 |
| Share Credit to Demat | November 17, 2025 |
| Share Listing Date | November 18, 2025 |
| IPO Cut-off Time | 5 PM on Nov 13, 2025 |
IPO Market Lot Size
The PhysicsWallah IPO minimum market lot is 137 shares with ₹14,933 application amount. The retail investors can apply up-to 13 lots with 1,781 shares of ₹1,94,129 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 137 | 14,933 |
| Retail Maximum | 13 | 1,781 | 1,94,129 |
| S-HNI Minimum | 14 | 1,918 | 2,09,062 |
| S-HNI Maximum | 66 | 9,042 | 9,85,578 |
| B-HNI Minimum | 67 | 9,179 | 10,00,511 |
IPO Reservation
| Investor Category | -% Shares |
| Employee Shares Offered | |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
| Total Shares Offered | 100% |
Promoters and Holding Pattern
The promoters of the company are Alakh Pandey and Prateek Boob
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 2,60,79,56,938 | 81.64% |
| Promoter Holding Post Issue | 2,89,23,60,607 |
PhysicsWallah IPO Financial Report
| Period Ended | Revenue | Expense | PAT |
| 2023 | 772.54 | 861.99 | – 84.08 |
| 2024 | 3,279.26 | 3,279.26 | -1,131.13 |
| 2025 | 3,039.09 | 3,264.85 | -243.26 |
| June 2025 | 905.41 | 1,057.48 | -127.01 |
PhysicsWallah IPO Valuation – FY2025
| KPI | Values |
| ROCE | -% |
| RoNW | -12.50% |
| EBITDA Margin | 6.69% |
| Price to Book Value | 14.10 |
| Market Capitalization | 31,526.73 |
| P/E Ratio | 116.86 |
| EPS | -0.93 |
Company Financial Report
| Years | Reserves & Surplus | Assets | Total borrowing |
| 30 Jun 2025 | 5,075.67 | ||
| 31 Mar 2025 | 4,156.38 | ||
| 31 Mar 2024 | 2,480.74 | ||
| 31 Mar 2023 | 2,082.18 |
| PhysicsWallah Ltd. Contact Details |
| PhysicsWallah Ltd. B 8, Block B, Industrial Area, Sector 62, Noida, Uttar Pradesh 201309 Noida, Uttar Pradesh, 201309 Phone: +91 9289926531 Email: investorsrelation@pw.live Website: https://www.pw.live/ |
| PhysicsWallah IPO Registrar |
| MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: lenskart.ipo@in.mpms.mufg.com physicswallah.ipo@in.mpms.mufg.com Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
PhysicsWallah IPO Lead Manager(s)
- Kotak Mahindra Capital Co. Ltd.
- JP Morgan India Pvt. Ltd
- Goldman Sachs (India) Securities Pvt. Ltd.
- Axial Capital Pvt. Ltd.