Physicswallah Limited IPO

BSE, NSEClosed

Check Allotment

Nov 11, 2025Open Date

Nov 13, 2025Close Date

TBAAllotment Date

Nov 18, 2025Listing Date

Subscription Details

View Subscription Details

Retail1.12x

QIB2.86x

NIIs (Non-Institutional Investors)Main Category

0.51x

↳ NII Sub-Categories

sHNI (< ₹10L)

Bids ₹2L to ₹10L

0.37x

bHNI (> ₹10L)

Bids above ₹10L

0.58x

Overall Subscription

Total Bids Received

1.91x

Updated: 10 Jul, 06:08 pm

Physicswallah Limited IPO Issue Details

Issue Price₹103-109 Per Equity Share

Face Value₹1 Per Equity Share

Fresh Share28,44,03,669 shares(aggregating up to ₹3100 crore)

Listing AtBSE, NSE

Listing DateNov 18, 2025

RegistrarMUFG Intime India Private Limited (Link Intime)

Market Lot Details

Category	Lots	Shares	Amount
sHNI (Min)	14	1,918	₹2,09,062
sHNI (Max)	66	9,042	₹9,85,578
bHNI (Min)	67	9,179	₹10,00,511

Reservation Details

Category	Shares Offered	%
NII	4,77,83,848	14.97%
QIB	9,55,38,505	29.92%
Anchor	14,33,80,733	44.91%

Valuations

EPS (Pre-IPO)

-0.93

EPS (Post-IPO)

-1.76

P/E (Pre-IPO)

-116.86

P/E (Post-IPO)

-62.06

RoNW

-12.50%

PAT Margin

-8.43%

P/B Value

14.10

Market Cap

31526.73 Cr.

Financial Information (₹ in Crores)

Metric	FY 25	FY 25	FY 24	FY 23
Total Assets	5075.67	4156.38	2480.74	2082.18
Total Revenue	905.41	3039.09	2015.35	772.54
Profit After Tax	127.01	243.26	1131.13	84.08
Net Worth	1867.92	1945.37	861.79	62.29

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

1Capital expenditure for fit-outs of new offline and hybrid centers of our Company – ₹460.55 Cr
2Expenditure towards lease payments of existing identified offline and hybrid centers operated by our Company – ₹548.31 Cr
3Capital expenditure for fit-outs of new offline centers of Xylem – ₹31.65 Cr
4Lease payments for Xylem’s existing identified offline centers and hostels – ₹15.52 Cr
5Investment in our Subsidiary, Utkarsh Classes & Edutech Private Limited for expenditure towards lease payments for Utkarsh Classes’ existing identified offline centers – ₹33.70 Cr
6Expenditure towards server and cloud related infrastructure costs – ₹200.11 Cr
7Expenditure towards marketing initiatives – ₹710.00 Cr
8Acquisition of additional shareholding in our Subsidiary, Utkarsh Classes & Edutech Private Limited – ₹26.50 Cr
9Funding inorganic growth through unidentified acquisitions and general corporate purposes