In a major step toward its next phase of growth, PhysicsWallah sets IPO price band to raise between Rs 103 and Rs 109 per share, aiming to collect around Rs 3,480 crore from the public. This marks an important milestone for the fast-growing edtech company, showing its strong confidence in India’s digital education market.
Founded by Alakh Pandey and Prateek Boob, PhysicsWallah has grown rapidly since its start as a YouTube channel. Both founders will sell shares worth Rs 190 crore each in the IPO. Currently, they each own 40.31% of the company, maintaining strong control even after the public issue.
The company, based in Noida, filed its IPO papers in March using a confidential pre-filing method, which allowed it to keep some details private until later. The Securities and Exchange Board of India (SEBI) approved the filing in July, and the company updated its final plan in September.
The IPO funds will be used strategically to strengthen and expand PhysicsWallah’s reach. Key investments include:
- Rs 460.5 crore to open new offline and hybrid learning centers.
- Rs 548.3 crore for lease payments of existing centers.
- Rs 47.2 crore for Xylem Learning, with Rs 31.6 crore going toward new centers.
- Rs 33.7 crore for Utkarsh Classes & Edutech leases.
- Rs 200.1 crore to upgrade server and cloud systems.
- Rs 710 crore for marketing and brand promotion.
- Rs 26.5 crore for acquiring more shares of Utkarsh Classes.
This planned fund allocation reflects PhysicsWallah’s focus on scaling operations, enhancing technology, and improving accessibility for students.
PhysicsWallah’s platform provides coaching for JEE, NEET, GATE, and UPSC exams, along with several upskilling and foundation courses. It operates through a combination of online classes, offline centers, and hybrid learning hubs.
As of July 15, 2025, its main YouTube channel, “Physics Wallah, Alakh Pandey,” had 13.7 million subscribers. Across all its channels, the network reached 98.8 million subscribers by June 30, 2025, an impressive 41.8% growth since FY23. This shows how PhysicsWallah has built a massive learning community both online and offline.
The company’s success also mirrors the rise of digital learning in India, especially in urban areas such as Mohali and Chandigarh, where students increasingly prefer online education. With Punjab’s literacy rate at 76.7%, higher than the national average, such educational innovations are helping learners access quality study materials.
Financially, PhysicsWallah’s growth is remarkable. In FY25, the company earned Rs 2,887 crore, a significant jump from Rs 1,941 crore in FY24. Moreover, losses were reduced from Rs 1,131 crore in FY24 to Rs 243 crore in FY25, showing improved cost management and stronger profitability potential.
The IPO share allocation aims to attract a variety of investors. The company has reserved 75% of the shares for qualified institutional buyers (QIBs), 15% for non-institutional investors, and 10% for retail investors. This balanced structure allows a wide range of participants to invest in PhysicsWallah’s success story.
The company is scheduled to make its stock market debut on November 18, 2025. This event will not only bring new funding opportunities. But also increase its visibility among global investors.
Industry experts believe this IPO could boost confidence in India’s edtech sector, especially after the challenges faced by similar firms in recent years. The company’s hybrid education model, combining digital content with physical classrooms, offers a more sustainable approach to long-term learning.
As India continues to digitize education, PhysicsWallah’s IPO represents a defining moment for the sector. With strong financials, innovative technology, and growing student trust, the company aims to reach even more learners across the nation.
In conclusion, PhysicsWallah sets IPO price band to raise major funds marks not only its expansion but also India’s progress in building modern education systems. By blending technology with teaching excellence, PhysicsWallah is paving the way for millions of students to learn, grow, and succeed.
