PhysicsWallah IPO: Check live subscription status, price band, lot size, key dates and more

PhysicsWallah IPO: Edtech unicorn PhysicsWallah's initial public offering opened for subscription on Tuesday, November 11. The issue, which will conclude on November 13, has set a price band of ₹103 to ₹109 per share.

The ₹3,480 crore book-build issue consists of new equity shares valued at ₹3,100 crore and an offer for sale of shares totalling ₹380 crore by promoters Prateek Boob and Alakh Pandey.

The fresh issue proceeds will be used for capital expenditure for fit-outs of new offline and hybrid centres, lease repayments of existing offline and hybrid centres, investment in subsidiaries (XylemLearning Pvt Ltd and Utkarsh Classes & Edutech Pvt Ltd), expenditure towards server and cloud-related infrastructure costs, acquiring additional stake in Utkarsh Classes & Edutech, funding inorganic growth through acquisitions and general corporate purposes.

PhysicsWallah IPO Day 1: Subscription status

A lot consists of 137 shares. The company has reserved 75% of the net offer for qualified institutional buyers, 10% for retail investors and 15% for non-institutional investors.

On Monday, the company raised ₹1,562.85 crore from anchor investors, including ICICI Prudential Mutual Fund (MF), Nippon India MF, Kotak Mahindra MF, Aditya Birla Sun Life, Tata MF, DSP MF, Motilal Oswal MF, Goldman Sachs, Templeton and Fidelity.

PhysicsWallah IPO allotment and listing dates

PhysicsWallah provides test preparation courses for competitive exams such as UPSC, JEE, NEET, and GATE, along with upskilling programmes through online platforms (website, YouTube, and apps), technology-enabled offline centres, and hybrid centres.

Its main YouTube channel, "Physics Wallah-Alakh Pandey", had around 13.7 million subscribers as of July 15, 2025, while its overall YouTube network had 98.8 million subscribers by June 30, 2025. The company has also built a significant offline footprint.

PhysicsWallah IPO GMP

According to media reports and investorgain.com, unlisted shares of PhysicsWallah are trading at ₹112, reflecting a grey market premium of 2.75%, or ₹3, over the upper price band of ₹109.