PhysicsWallah IPO
IPO Price Range: Not Announced Yet
As per the company, it caters to more than 3.5 million registered students and close to 8 million YouTube subscribers.
PhysicsWallah IPO size is expected to be around ₹4,600 crore. The IPO date has not been officially announced yet. It filed the DRHP (Draft Red Herring Prospectus) to SEBI via a confidential pre-filing route in March 2025. In December 2024, PW converted into a public entity with plans for an IPO in 2025.
IPO Status
Upcoming
Listing Exchange
NSE
PhysicsWallah Brands, Products & Services
| Product | Online Classes, Competitive Exam Preparation |
| Known For | Online learning courses and solutions |
| Top Products | NEET, JEE Preparation, PW Book Store, Test Series |
PhysicsWallah Key Financials
Objectives of PhysicsWallah IPO
Unlisted Competitors of PhysicsWallah
Unacademy
Subscription-based edtech platform offering live classes, test series, and content from top educators for competitive exams via app and web.
Byju’s
Offers interactive video lessons and adaptive learning with high-ticket course sales and offline hybrid centers for K-12 and competitive exams.
Aakash Educational Services
Offline-first coaching institute for NEET and JEE aspirants, now expanding digitally post-acquisition by Byju’s to offer integrated learning solutions.
Strengths and Risks of PhysicsWallah IPO
Strengths
PhysicsWallah is one of the fastest-growing edtech startups in India, with its revenue jumping multifold from just ₹24.6 crore in FY21 to nearly ₹2,000 crore in FY24.
The company is leveraging venture capital funds to accelerate its growth and expand its offering with over $300 million in funding raised to date.
PW is strategically expanding itself by acquiring small players in the industry. Its acquisition portfolio includes Xylem Learning, Knowledge Planet, iNeuron, Altis Vortex, PrepOnline, and FreeCo.
Risks
PhysicsWallah faces heavy competition in the market with bigger players, including Unacademy, Toppr, Aakash Educational Services, and more.
Edtech sector in India is going through a tough time in India as post-Covid, venture capitalists are not so much pleased about the sector; hence, the startups are facing challenges in raising growth capital.
Though PhysicsWallah initially generated ga ood amount of profits, however, it booked losses during FY24 worth ₹375 crore (excluding non-cash expenses).
Frequently Asked Questions of PhysicsWallah IPO
What is 'pre-apply' for PhysicsWallah IPO?
'Pre-apply' for PhysicsWallah IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.
What would be the listing gains on the PhysicsWallah IPO?
The potential listing gains on the PhysicsWallah IPO will depend on various market factors and cannot be predicted with certainty.
When is PhysicsWallah IPO coming?
PhysicsWallah IPO date is yet to be announced. The company is planning to launch the IPO in 2025.
What is PhysicsWallah IPO price?
The PhysicsWallah IPO price has not been decided yet.
What are the open and close dates of the PhysicsWallah IPO?
The PhysicsWallah IPO date is yet to be declared.
What is the allotment date of PhysicsWallah IPO?
The PhysicsWallah IPO allotment date has not been announced yet.
Can we invest in PhysicsWallah IPO?
Yes, once the PhysicsWallah IPO opens, you can invest in the company’s shares.
What is the lot size of PhysicsWallah IPO?
PhysicsWallah IPO lot size is yet to be decided.
What is the issue size of PhysicsWallah IPO?
The PhysicsWallah IPO issue size is expected to be around ₹4,600 crore.