PhysicsWallah IPO 2025: Complete Details, Price, GMP, Lot Size & Review
The Indian stock market has witnessed several exciting initial public offerings (IPOs) in recent years, especially from the technology and education sector. Now, the buzz is all about PhysicsWallah (PW) IPO 2025. Known as India’s most successful homegrown edtech platform, PhysicsWallah is preparing to enter Dalal Street, creating massive curiosity among retail investors, students, and institutional buyers.
In this detailed blog, we will cover everything about the PhysicsWallah IPO 2025 — IPO date, price band, lot size, Grey Market Premium (GMP), subscription details, company background, financials, and whether it’s worth investing.
📌 About PhysicsWallah (PW)
Founded in 2016 by Alakh Pandey, PhysicsWallah started as a YouTube channel providing affordable coaching for competitive exams like JEE and NEET. Within a few years, it transformed into a full-fledged edtech unicorn, offering online classes, offline coaching centers, books, and test series.
Headquarters: Noida, India
Unicorn Status: Achieved in 2022 with $100M funding round led by WestBridge and GSV Ventures
Valuation (2025 expected): $1.2 – $1.5 billion
Core Business: Online education, test prep, offline coaching centers (Vidya Peeth), study materials, books, and digital courses.
User Base: 150M+ learners across platforms (YouTube, PW app, and offline centers).
PhysicsWallah stands out because of its affordable fee structure, which has disrupted India’s expensive coaching ecosystem.
📊 PhysicsWallah IPO 2025 Details (Tentative)
While official SEBI filings are awaited, market reports suggest the following possible structure:
IPO Date: Expected in Q1 2025 (January–March)
IPO Size: Approx ₹3,500 – ₹4,000 crore
Face Value: ₹10 per share
Price Band: ₹450 – ₹500 per share (expected)
Lot Size: 30–35 shares per lot (expected)
Listing Exchange: NSE & BSE
Book Running Lead Managers (BRLM): To be announced (likely Kotak Mahindra, ICICI Securities, Axis Capital)
👉 Investors should note that these are indicative figures based on market news. Final details will be confirmed in the RHP (Red Herring Prospectus) filed with SEBI.
💡 Why is PhysicsWallah Going Public?
Several reasons drive PhysicsWallah towards IPO:
Expansion of Offline Centers: Currently, PW has over 60+ Vidya Peeth centers. Funds from IPO will help in pan-India expansion.
Tech Development: To strengthen the PW app, AI-based learning, and digital classrooms.
Brand Building: Going public enhances credibility and brand visibility in the highly competitive edtech sector.
Liquidity for Investors: Early backers like WestBridge and GSV may partially offload shares.
Competition Pressure: Rivals like BYJU’s, Unacademy, and Vedantu are struggling financially, giving PW a golden opportunity to capture more market share.
📈 Financial Performance of PhysicsWallah
Investors always look at numbers before applying for an IPO. Let’s glance at PW’s financial growth:
FY 2022 Revenue: ₹233 crore
FY 2023 Revenue: ₹780 crore
FY 2024 Revenue (estimated): ₹1,200+ crore
Profitability: Unlike many edtech firms, PhysicsWallah has remained profitable, which makes it very attractive to investors.
This rare combination of growth + profitability is expected to boost IPO demand.
💰 PhysicsWallah IPO Valuation
Market insiders suggest PhysicsWallah may target a valuation of ₹12,000 – ₹14,000 crore (approx $1.5–1.7 billion).
Compared to competitors like BYJU’s (which is struggling with debt), PhysicsWallah’s IPO may be positioned as a safe and promising bet in the edtech sector.
🔎 PhysicsWallah IPO GMP (Grey Market Premium)
GMP (Grey Market Premium) is an early indicator of investor sentiment. While GMP figures will only be available closer to the IPO date, market experts predict strong interest due to:
Solid financial performance
Popular brand among students
Positive track record of profitability
👉 Expected GMP: ₹150–₹200 (early predictions).
📝 Should You Invest in PhysicsWallah IPO?
✅ Reasons to Invest:
Strong brand recall among students.
Rapidly growing offline + online hybrid model.
Profit-making edtech unicorn (rare in India).
Affordable pricing ensures sustainable demand.
Huge untapped potential in tier-2 and tier-3 cities.
⚠️ Risks to Consider:
Heavy dependence on competitive exam ecosystem (JEE/NEET).
Rising competition from both startups and traditional coaching institutes.
Regulatory risks in the education sector.
IPO valuation could be on the higher side.
👉 Verdict: If priced reasonably, PhysicsWallah IPO 2025 could be one of the most promising IPOs of the year, especially for long-term investors.
PhysicsWallah vs Competitors
Company | Valuation | Profitability | Status |
|---|---|---|---|
PhysicsWallah | $1.5B (expected IPO) | Profitable | Growing |
BYJU’s | $22B (peak, now struggling) | Loss-making | Debt issues |
Unacademy | $3B+ | Loss-making | Downsizing |
Vedantu | $1B+ | Loss-making | Restructuring |
PhysicsWallah clearly has an edge over its competitors.
📣 Investor Sentiment
Market experts believe PhysicsWallah’s IPO will attract:
Retail investors (because of brand familiarity).
Students turned investors (emotional connect).
Institutional buyers (due to profitability).
If subscription demand is high, we may see strong listing gains.
📌 Final Thoughts on PhysicsWallah IPO 2025
The PhysicsWallah IPO 2025 is not just another edtech listing — it represents the story of India’s affordable education revolution. From YouTube videos to Dalal Street, PhysicsWallah’s journey has inspired millions.
For investors, it offers a unique opportunity to be part of a profitable, scalable, and impactful business model. However, one must carefully evaluate the IPO valuation, subscription status, and financial disclosures in the RHP before investing.
⚠️ Disclaimer
This article is for educational purposes only. It does not constitute investment advice. Please consult your financial advisor before investing in any IPO or stock market instrument.