How to Check PhysicsWallah IPO Allotment Status

PhysicsWallah Limited is an edtech company offering test preparation courses for competitive exams like JEE, NEET, and UPSC, along with upskilling programs in data science, finance, and software development. The company operates through both online and offline hybrid centers, reaching over 13.7 million YouTube subscribers and 4.46 million paid users as of Fiscal 2025.

As of March 31, 2025, PhysicsWallah reported total assets of ₹4,156.38 crore and a net loss of ₹243.26 crore, reflecting heavy investment in expansion. The company operates 303 offline centers with 6,267 faculty members and 18,028 employees.

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The PhysicsWallah IPO had a total issue size of ₹3,480.00 crore, comprising a fresh issue of ₹3,100.00 crore and an offer for sale of ₹380.00 crore. The IPO opened on November 11, 2025, and closed on November 13, 2025. The allotment is expected to be finalized on Friday, November 14, 2025. The price band was set at ₹103 to ₹109 per share.

Steps to Check PhysicsWallah IPO Allotment Status on Registrar Site

• Visit the MUFG Intime India Pvt. Ltd. website
• Select "PhysicsWallah" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the Submit button to view your allotment status

Steps to Check PhysicsWallah IPO Allotment Status on BSE

• Navigate to the BSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "PhysicsWallah" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click Search to check your allotment status

PhysicsWallah IPO Subscription Status

PhysicsWallah IPO received moderate investor interest, being subscribed 1.92 times overall as of 6:09:38 PM on November 13, 2025.

• QIB Category (Ex Anchor): 2.86 times
• Non-Institutional Investors (NII): 0.51 times
• Individual Investors: 1.14 times
• Employee Category: 3.71 times

PhysicsWallah IPO Share Price and Investment Details

The minimum investment required was ₹14,933 for 1 lot (137 shares). The issue raised ₹1,562.85 crore from anchor investors. Given the subscription levels with QIB participation at 2.86 times, NII at 0.51 times, and retail at 1.14 times, the listing expectations remain moderate.

Utilisation of IPO Proceeds

• Capital expenditure for fit-outs of new offline and hybrid centers – ₹460.55 crore
• Lease payments for existing identified centers – ₹548.31 crore
• Investment in subsidiary Utkarsh Classes for lease payments – ₹33.70 crore
• Server and cloud infrastructure costs – ₹200.11 crore
• Marketing initiatives – ₹710.00 crore
• Inorganic growth and general corporate purposes

Business Overview

PhysicsWallah Limited, founded by Alakh Pandey, has emerged as one of India’s fastest-growing edtech companies with a diversified presence across multiple education categories. The company provides affordable learning solutions through digital platforms and physical centers.

Its core strengths include a large active student base, an experienced faculty team, proprietary technology for adaptive learning, and a hybrid business model integrating online and offline education. Despite its scale, the company remains loss-making, with a post-issue P/E ratio of -62.06 and a Price-to-Book Value of 14.10, reflecting its growth-stage valuation.