🔷 PhysicsWallah Ltd. IPO Summary
✅ SEBI Approval
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Date Approved: July 18, 2025
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DRHP Filed: March 19, 2025
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Approval Validity: 12 months from date of SEBI approval
💰 IPO Size & Structure
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Total Issue Size: ₹3,820.00 Cr
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Fresh Issue: ₹3,100.00 Cr
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Offer for Sale (OFS): ₹720.00 Cr
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Issue Type: Book Building IPO
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Face Value: ₹1 per share
📅 Key Dates
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IPO Opening & Closing Dates: Not announced
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Listing Date: Not announced
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Price Band: Not announced
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Lot Size: Not announced
📈 Listing Exchange
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Exchanges: BSE and NSE
💼 Lead Managers & Registrar
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Book Running Lead Manager: Kotak Mahindra Capital Co. Ltd.
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Registrar: MUFG Intime India Pvt. Ltd.
👤 Promoters
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Promoters: Alakh Pandey and Prateek Boob
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Pre-Issue Holding: 96.13%
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Post-Issue Holding: To be updated after final equity dilution
🧾 Share Reservation Details
| Investor Category | Reservation | Notes |
|---|---|---|
| QIB (Institutions) | Not less than 75% | Mandatory under SEBI rules |
| NII (HNI) | Not more than 15% | Split into sNII and bNII |
| Retail (RII) | Not more than 10% | Up to ₹2 lakh per application |
| Employees | Up to ₹2 lakh | May receive a discount |
💡 Objects of the IPO (Utilization of ₹3,100 Cr Fresh Issue)
| # | Purpose | Amount (₹ Cr) |
|---|---|---|
| 1 | Fit-outs for new centers | 460.55 |
| 2 | Lease payments (existing centers) | 548.31 |
| 3 | Fit-outs for Xylem centers | 31.65 |
| 4 | Lease for Xylem hostels & centers | 15.52 |
| 5 | Lease payments (Utkarsh Classes) | 33.70 |
| 6 | Server/cloud infra | 200.11 |
| 7 | Marketing | 710.00 |
| 8 | Acquisition of more stake in Utkarsh Classes | 26.50 |
| 9 | Inorganic growth & general corporate purposes | Unspecified |
📊 Company Financials (₹ in Crores)
| Metric | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Revenue | 3,039.09 | 2,015.35 | 772.54 |
| Profit After Tax | -243.26 | -1,131.13 | -84.08 |
| EBITDA | 193.20 | -829.35 | 13.86 |
| Total Assets | 4,156.38 | 2,480.74 | 2,082.18 |
| Net Worth | 1,945.37 | -861.79 | 62.29 |
| Total Borrowing | 0.33 | 1,687.40 | 956.15 |
Key Ratios (FY25):
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RoNW: -12.50%
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PAT Margin: -8.43%
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EBITDA Margin: 6.69%
📌 Business Snapshot
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Users: 4.46 million paid users (FY25)
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YouTube Subscribers: 13.7 million (as of July 15, 2025)
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Offline Centers: 198
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Employees: 15,775
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Faculty: 5,096
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Books Published: 3,582
🧠 Competitive Strengths
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High-growth trajectory (59.19% CAGR in paid users)
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Multi-channel education delivery (online, offline, hybrid)
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Proprietary tech platform
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Strong faculty and leadership
📬 Contact Information
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Address: B-8, Block B, Industrial Area, Sector 62, Noida, UP - 201309
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Phone: +91 9289926531
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Email: investorsrelation@pw.live
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Website: pw.live
Registrar: MUFG Intime India Pvt. Ltd.
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Phone: +91-22-4918 6270
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Website: linkintime.co.in
🔍 Next Updates Awaited
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IPO opening/closing dates
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Price band
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Lot size
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Share count for fresh issue & OFS