 "PhysicsWallah, PW, edtech")
Edtech firm PhysicsWallah's initial public offering (IPO) was subscribed 1.81 times on the concluding day of bidding on Thursday.
The institutional investor portion was subscribed 2.7 times, the wealthy investor portion was subscribed 0.5 times. The quota for retail investors was subscribed 1.06 times, while the portion reserved for employees got 3.5 times subscription.
Physicswallah's ₹3,480 crore IPO comprised a fresh issue of ₹3,100 crore and an offer-for-sale of ₹380 crore. The company was seeking a valuation of around ₹31,500 crore in the IPO.
The company plans to utilise the proceeds of the fresh issue to fund its capital expenditure requirements, lease payments, investments in its subsidiaries, expenditure on server and cloud-related infrastructure costs, and marketing initiatives, among others.
The company offers test preparation courses for competitive examinations and upskilling courses.
Physicswallah's channels of delivery include its social media channels, website and apps, tech-enabled offline centres where its faculty conduct live classes in a physical centre and hybrid centres where a student attends live online classes at a physical centre and can benefit from another faculty that is present at the centre to resolve questions and participate in revision classes.
The company began its operations by offering online courses and has since expanded to multiple channels of delivery, including online, offline, and hybrid classes. For the three months ended June 30, 2025 and 2024-25 (FY25), the company had 2.10 million and 4.13 million unique transacting users (online channel), and 0.33 million and 0.33 million student enrolments in their offline centres, respectively. The company operated 303 total offline centres as of June 30, 2025.
 "PhysicsWallah, PW, edtech")
 "Capillary Technologies IPO")
 "Excelsoft Technologies IPO")
 "IPO")
 "Fujiyama Power Systems IPO")
