PhysicsWallah IPO
IPO Price Range: Not Announced Yet
View PhysicsWallah IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.
IPO Status
Upcoming
Listing Exchange
NSE
Objectives of IPO
Strengths and Risks
Strengths
PhysicsWallah is one of the fastest-growing edtech startups in India, with its revenue jumping multifold from just ₹24.6 crore in FY21 to nearly ₹2,000 crore in FY24.
The company is leveraging venture capital funds to accelerate its growth and expand its offering with over $300 million in funding raised to date.
PW is strategically expanding itself by acquiring small players in the industry. Its acquisition portfolio includes Xylem Learning, Knowledge Planet, iNeuron, Altis Vortex, PrepOnline, and FreeCo.
Risks
PhysicsWallah faces heavy competition in the market with bigger players, including Unacademy, Toppr, Aakash Educational Services, and more.
Edtech sector in India is going through a tough time in India as post-Covid, venture capitalists are not so much pleased about the sector; hence, the startups are facing challenges in raising growth capital.
Though PhysicsWallah initially generated ga ood amount of profits, however, it booked losses during FY24 worth ₹375 crore (excluding non-cash expenses).
How to Apply for PhysicsWallah IPO on INDmoney
1
Download the INDmoney app and complete your KYC to open an account.
2
Go to the INDstocks section and tap on IPO, or search for ‘IPO’.
3
Select PhysicsWallah IPO from the list of live IPOs.
4
View key details like price band, lot size, and dates, then tap ‘Apply Now’.
5
Choose the number of lots and place your order via UPI.
6
Your funds will be blocked until the share allotment is finalized.
Financial Performance of PhysicsWallah
Listed Competitors of PhysicsWallah
Veranda Learning
Edtech company delivering affordable test prep and skill development programs through online platforms and physical coaching centers.
Unlisted Competitors of PhysicsWallah
Unacademy
Subscription-based edtech platform offering live classes, test series, and content from top educators for competitive exams via app and web.
Byju’s
Offers interactive video lessons and adaptive learning with high-ticket course sales and offline hybrid centers for K-12 and competitive exams.
Aakash Educational Services
Offline-first coaching institute for NEET and JEE aspirants, now expanding digitally post-acquisition by Byju’s to offer integrated learning solutions.
About PhysicsWallah
As per the company, it caters to more than 3.5 million registered students and close to 8 million YouTube subscribers.
PhysicsWallah IPO size is expected to be around ₹4,600 crore. The IPO date has not been officially announced yet. It filed the DRHP (Draft Red Herring Prospectus) to SEBI via a confidential pre-filing route in March 2025. In December 2024, PW converted into a public entity with plans for an IPO in 2025.
Products & Services
| Product | Online Classes, Competitive Exam Preparation |
| Known For | Online learning courses and solutions |
| Top Products | NEET, JEE Preparation, PW Book Store, Test Series |