PhysicsWallah’s ₹3,480 Crore IPO to Open on November 11; Co-Founders Reduce OFS Size
- ByStartupStory | November 5, 2025
Education technology unicorn PhysicsWallah is set to launch its Initial Public Offering (IPO) on November 11, 2025, with the subscription window closing on November 13. The IPO aims to raise ₹3,480 crore, consisting of a fresh issue of ₹3,100 crore and an Offer for Sale (OFS) aggregating ₹380 crore by its co-founders and promoters Alakh Pandey and Prateek Boob.
Notably, the co-founders have cut their OFS size from an earlier ₹720 crore to ₹380 crore, with each planning to sell shares worth ₹190 crore, signaling a more streamlined approach to the public listing process. Currently, both co-founders hold approximately 40.31% stake each in the company.
PhysicsWallah offers competitive exam preparation courses for JEE, NEET, GATE, and UPSC, delivered via online platforms, tech-enabled offline centers, and hybrid models combining in-person support with digital content. The company has experienced rapid growth, backed by a strong YouTube presence with over 98 million subscribers across their network.
The IPO proceeds will be allocated towards capital expenditures for the expansion of offline and hybrid centers, lease payments for existing centers, investments in subsidiaries, server and cloud infrastructure, marketing initiatives, and potential acquisitions to fuel growth.
Anchor investors’ bidding will occur on November 10, and the expected listing date on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is November 18, 2025. The IPO is being managed by Kotak Mahindra Capital as the book-running lead manager.
In summary, PhysicsWallah’s ₹3,480 crore IPO scheduled for November 11 represents a significant milestone for the edtech firm, validating its expansive growth trajectory and aiming to scale operations through a blend of digital and offline education delivery channels.
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