Physicswallah Share Price: Edtech unicorn PhysicsWallah raised Rs 1,563 crore from anchor investors ahead of its initial public offering (IPO).
Edtech unicorn PhysicsWallah raised Rs 1,563 crore from anchor investors ahead of its initial public offering (IPO).
PhysicsWallah IPO GMP Today
In the unofficial market, PhysicsWallah’s unlisted shares were trading around Rs 14 ahead of the listing. This suggests a grey market premium (GMP) of Rs 123or nearly 12.84 per cent over the upper price band of Rs 109.
How does the company plan to utilise funds?
This will be the first major pure-play edtech company to list on the country’s bourses. Funds will be used to fuel the company’s expansion and growth initiatives.
The IPO comprised a fresh issue of equity shares worth Rs 3,100 crore and an Offer for Sale (OFS) of up to Rs 380 crore by the promoters. Both promoters, Alakh Pandey and Prateek Boob, will each offload shares worth Rs 190 crore through the OFS. At present, both hold 40.31 per cent stake each in the company.
What does the company do?
PhysicsWallah offers test preparation courses for competitive exams focusing on JEE, NEET, GATE and UPSC, along with upskilling programmes, delivered through online platforms (YouTube, website, and apps), tech-enabled offline centres, and hybrid centres that combine online teaching with in-person support.
The company, which is backed by WestBridge Capital, Hornbill, and GSV Ventures, narrowed its losses to Rs 243 crore in the year ended March 2025, from Rs 1,131 crore in the preceding year.
