Physicswallah Limited IPO
E-Learning · DRHP 6 Sept 2025 · listed 18 Nov 2025
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- Issue price
- ₹109.00
- band ₹103.00 to ₹109.00
- Issue size
- ₹3,480.0 cr
- fresh ₹3,100 cr · OFS ₹380 cr
- Lot
- 137 shares
- ₹14,933 at the top of the band
- Subscription window
- 11 Nov to 13 Nov
- 2025
- Listing
- 18 Nov 2025
- NSE
- Subscribed
- 0.8x
- retail 0.6x
About the Physicswallah IPO
Physicswallah Limited raised ₹3,480 crore through a mainboard IPO on NSE and BSE: a fresh issue of ₹3,100 crore and an offer for sale of ₹380 crore. The fresh issue goes to the company; the offer for sale goes to the shareholders selling.
Bidding ran Tue 11 Nov to Thu 13 Nov, at an issue price of ₹109 a share, in lots of 137 shares. The shares listed on 18 Nov 2025.
The book-running lead managers are Kotak Mahindra Capital Company Limited and J.P. Morgan India Private Limited. The registrar, which handles allotment, is MUFG Intime India Private Limited.
The issue was subscribed 0.79 times overall, with the retail portion at 0.59 times, as the exchange's bid book showed.
The draft offer document was filed on 6 Sept 2025.
newboard writes its studies from the offer document before an issue lists, and this one listed without one. The figures on this page are the exchange's and the offer document's, each with its source.
Physicswallah IPO: questions answered
When was the Physicswallah IPO open, and what were the price band and lot size?
Bidding ran Tue 11 Nov to Thu 13 Nov. The issue price is ₹109 a share. One lot is 137 shares, ₹14,933 at the upper end of the band.
When did the Physicswallah IPO list?
The shares listed on 18 Nov 2025 on NSE and BSE.
How do I check the Physicswallah IPO allotment status?
Allotment is finalised by the registrar, MUFG Intime India Private Limited, usually the working day after the issue closes. Check it on the registrar's website or on BSE and NSE with a PAN, application number or DP ID. Shares not allotted have their blocked amount released by the refund date.
The Physicswallah IPO allotment status page, with the direct links
Who are the registrar and lead managers of the Physicswallah IPO?
The book-running lead managers are Kotak Mahindra Capital Company Limited and J.P. Morgan India Private Limited. The registrar, which handles applications and allotment, is MUFG Intime India Private Limited.
How many times was the Physicswallah IPO subscribed?
0.79 times overall, as the exchange's bid book last showed: qualified institutions 1.1 times, non-institutional investors 0.19 times and retail 0.59 times.
Is the Physicswallah IPO a fresh issue or an offer for sale?
A fresh issue of ₹3,100 crore, which goes to the company, and an offer for sale of ₹380 crore, which goes to the shareholders selling (11% of the issue).
What is the Physicswallah IPO GMP?
newboard does not publish a grey-market premium. Grey-market deals happen outside the stock exchanges, are not regulated, and leave no public record of who traded at what price. What is on record is the offer document, read on this page, and the exchanges' bid book.
Where the money went
The monitoring agency's report for the quarter to 30 Sept 2026: each object in the offer document and how much of it had been used by then.
| Object | Proposed, ₹ crore | Used, ₹ crore |
|---|---|---|
| Acquisition of additional shareholding in our Subsidiary, Utkarsh Classes & Edutech Private Limited Prospectus | 26.5 | 26.5 |
| Capital expenditure for fit-outs of new offline and hybrid centers of the Company Prospectus | 460.6 | 36.9 |
| Expenditure towards lease payments of existing identified offline and hybrid centers operated by the Company Prospectus | 548.3 | 147.4 |
| Expenditure towards marketing initiatives Prospectus | 710.0 | 115.5 |
| Funding inorganic growth through unidentified acquisitions and general corporate purposes# Prospectus | 941.2 | 727.0 |
| Investment in our Subsidiary, Xylem Learning Private Limited for expenditure towards: Prospectus | 31.7 | 0.0 |
| Offer related expenses to the extent applicable to the Fresh Issue (only those apportioned to entity) Prospectus | 138.2 | 114.1 |
| Total | 3,100.0 | 1,238.6 |
Physicswallah IPO: the next step, on Telegram
A message when there is news on each use-of-proceeds report the company files. Free, no account, leave in one tap. Send /stop to end it.
Not on this page yet: an offer-document study, the peer table the issuer printed. Each is added when the pipeline extracts it from the offer document.
The figures on this page are the company's own, taken from its filings with the exchanges and SEBI, and every number links to the document and page it came from. They are reproduced as stated, not verified independently, and they are not forecasts by newboard.in. Nothing here is investment advice, a research report or a recommendation. newboard.in is not a SEBI-registered research analyst or investment adviser.