PhysicsWallah Ltd. IPO

PhysicsWallah started with a vision to make competitive exam preparation simpler, more relatable, and financially accessible for students from every background. What began as a one-teacher digital classroom has now transformed into a full-scale education company offering online courses, offline coaching centres, hybrid learning models, printed study materials, and much more.

The company’s philosophy revolves around one core idea—“Education for Everyone.”

Journey & Evolution

• The brand gained popularity through engaging and concept-driven science and mathematics videos that connected strongly with engineering and medical aspirants.
• Consistent demand from students pushed the platform to scale, expand subject offerings, and launch its learning app.
• Over time, PW diversified into board exam preparation, competitive exams, government job preparation, and upskilling courses.
• With rising offline demand, the company introduced hybrid and classroom centres, making its reach truly pan-India.

Business Model

PhysicsWallah operates on a multi-layered model designed to serve different student needs:

1. Online Education

• Live & recorded classes through the PW app and website
• Structured batches for JEE, NEET, board exams, and other competitive tests
• Mock tests, practice sheets, performance tracking, and personalised doubt-support
• Affordable course pricing that appeals strongly to tier-II and tier-III students

2. Offline & Hybrid Centres

• Classroom teaching for entrance exams and board studies
• Hybrid modules combining app-based lectures + in-person guidance
• Expansion into multiple cities with large-scale learning campuses

3. Books & Study Material

• Printed notes, formula books, question banks, and solved papers
• Test-series and exam-targeted material designed by subject experts

4. New Educational Segments

• Government exam preparation (SSC, Banking, Railway)
• Skill development and career enhancement programs
• Specialised foundation courses for younger students (Class 6–10)

Key Strengths

1. Strong Educator-Driven Brand

PhysicsWallah’s identity is deeply connected with clear, relatable teaching and strong conceptual explanation—traits that helped build immediate trust among students.

2. Affordability Without Compromise

Unlike traditional coaching centres, PW offers high-quality teaching at price points many families can comfortably afford.

3. Deep Reach in Smaller Cities

The platform’s growth has been powered by students from tier-II and tier-III cities, who form a large share of India’s competitive exam aspirants.

4. Robust Multi-Mode Learning

By offering online, offline and hybrid options, PW provides flexibility to learners with different needs and resources.

5. Scalable Content Model

With strong digital infrastructure and a wide teaching team, the company can rapidly launch new batches and exam categories.

Challenges Ahead

Like every fast-growing edtech company, PhysicsWallah also faces challenges:

• Managing the financial and operational load of expanding offline centres
• Competing with several established edtech and coaching brands
• Sustaining teaching quality at scale
• Ensuring consistent student outcomes across different cities
• Balancing growth with profitability

Future Outlook

PhysicsWallah is steadily moving towards becoming a complete education ecosystem—covering K-12 learning, entrance test preparation, government exams, professional skills and blended learning models. With rising demand for structured and affordable coaching, PW is well-positioned for long-term growth.

The company’s future is expected to focus on:

• Deep expansion of offline learning hubs
• Advanced digital learning tools (AI-based practice, personalisation)
• Wider portfolio of courses and training programs
• Stronger regional language content to reach more students

PhysicsWallah Ltd. IPO Timetable

PhysicsWallah Ltd. IPO Details

PhysicsWallah Ltd. IPO Lot Size

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Company Financials :

Company Promoters:

Alakh Pandey and Prateek Boob are the company promoters.

Objects of this Issue:

• Capital expenditure for fit-outs of new offline and hybrid centers of our Company
• Expenditure towards lease payments of existing identified offline and hybrid centers operated by our Company
• Capital expenditure for fit-outs of new offline centers of Xylem
• Lease payments for Xylem’s existing identified offline centers and hostels
• Investment in our Subsidiary, Utkarsh Classes & Edutech Private Limited for expenditure towards lease payments for Utkarsh Classes’ existing identified offline centers
• Expenditure towards server and cloud related infrastructure costs
• Expenditure towards marketing initiatives
• Acquisition of additional shareholding in our Subsidiary, Utkarsh Classes & Edutech Private Limited
• Funding inorganic growth through unidentified acquisitions and general corporate purposes

Registrar & Company Details