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IPO · Education & Skilling

Physicswallah lists on the NSE after successful IPO

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Date
Company
PhysicsWallah
What it does
Online and offline education provider
Kind
IPO
Amount
₹3,480 Cr
Stage
public
Based in
Mumbai
Sector
Education & Skilling

What they do

Physicswallah provides affordable live courses for competitive exams, school boards, and professional skill development across India and international markets

What happened

The company raised ₹3,480 crore through an initial public offering (IPO) on the National Stock Exchange, which concluded in November 2025

Why it matters

Proceeds from the fresh issue will fund new offline centers, technology infrastructure, and strategic investments in subsidiaries like Xylem Learning and…

The details

  • Physicswallah completed its initial public offering (IPO) on the National Stock Exchange on 18 November 2025.
  • The total issue size reached ₹3,480 crore, comprising a fresh issue of shares and an offer for sale.
  • The fresh issue portion raised ₹3,100 crore to support the company's growth and operational requirements.
  • Promoters Alakh Pandey and Prateek Boob participated in the offer for sale by selling shares worth ₹190.00 crore each.
  • The IPO was priced within a band of ₹109 to ₹137 per share.
  • The company plans to use the funds for capital expenditure on new hybrid centers and lease payments for existing locations.

The bigger picture

  • The capital will support the expansion of the company's offline and hybrid learning footprint across India.
  • Funds are earmarked for further investment in subsidiaries Xylem Learning and Utkarsh Classes.
  • The company intends to allocate resources toward server costs, cloud infrastructure, and marketing initiatives.

About the business

  • Physicswallah offers live courses for JEE, NEET, and school curriculum from classes 6 to 12.
  • The platform covers over 35 exam categories including UPSC, state PSC, government jobs, and professional finance certifications.
  • The company operates PW Skills for digital marketing, AI-ML, and data science training.
  • It maintains a physical presence with over 100 offline centers across more than 175 cities.
  • The platform serves over 10 million students with extensive video lecture libraries and practice materials.
  • International operations include centers in the Middle East, Africa, and Southeast Asia.

What happens next

  • Expand the network of offline and hybrid learning centers.
  • Increase stake in subsidiary Utkarsh Classes.
  • Enhance cloud and server infrastructure for digital platforms.

The deal

Type
ipo

Founders

  • Alakh Pandey, Promoter
  • Prateek Boob, Promoter

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