PhysicsWallah IPO: Alakh Pandey's EdTech Giant Set to Launch Rs 3,480 Cr Issue on Nov 11; Check Latest GMP

PhysicsWallah IPO is one of the most awaited IPOs of this year and is all set to hit Dalal Street next week. The edtech unicorn founded by Alakh Pandey, popularly known as "PhysicsWallah" or PW, is preparing for its initial public offering that opens for subscription on November 11 and closes on November 13.

PhysicsWallah IPO Details

The PhysicsWallah IPO is a book-built issue aggregating up to Rs 3,480 crore. It includes a fresh issue of 28.44 crore shares worth Rs 3,100 crore and an offer for sale of 3.49 crore shares totalling Rs 380 crore, where existing shareholders and promoters will partially offload their stakes. The price band for the IPO is set between Rs 103 and Rs 109 per share, with a lot size of 137 shares. Retail investors can apply with a minimum investment of Rs 14,933, which is one lot.

Kotak Mahindra Capital Co. Ltd. is acting as the book-running lead manager (BRLM) for the issue, while MUFG Intime India Pvt. Ltd. serves as the registrar.

PhysicsWallah IPO GMP and Listing Price Prediction

As per the latest market data, the PhysicsWallah IPO grey market premium (GMP) stood at Rs 5 per share as of November 6th. Based on the upper price band of Rs 109, the expected listing price is around Rs 114 per share, indicating a potential listing gain of 4.59% for investors.

While the GMP trend suggests a modest premium, market analysts believe that the company's strong brand recognition and scalable business model could attract healthy subscription levels, particularly from retail and institutional investors.

About PhysicsWallah (PW)

Physics Wallah is an Indian educational technology company founded by Alakh Pandey in 2016. It began as a YouTube channel focused on providing physics tutorials for JEE and NEET aspirants and evolved into a comprehensive edtech platform by 2020. Headquartered in Noida, Uttar Pradesh, Physics Wallah offers affordable, high-quality learning resources for students from class 6 through postgraduate levels, covering competitive exams like JEE, NEET, and more.

The company has expanded beyond online videos to include a dedicated app for courses, offline centres, 67 centres in 34 cities as of 2023, and a hybrid education model. It has become one of India's leading edtech platforms, valued at around $2.8 billion as of 2024. PhysicsWallah currently operates multiple verticals, including PW Skills, PW Offline Centers, and Vidyapeeth centres, and competes with major edtech players like BYJU'S, Vedantu, and Unacademy.