logo
PricingOpen Demat Account at ₹0 AMCCustomer ServiceDhan SupportMadeForTrade CommunityIndicator by Dhan

Download the App Now!

raise
raise
Home
InvestmentsIPOPhysicswallah IPO
Physicswallah

Physicswallah IPO

Mainboard

Open Date

-

Close Date

-

Min Investment

-

Max Investment

-

Lot Size

-

Issue Size

-

Price Range

-
status

Upcoming IPO.

About the Company
PhysicsWallah (PW), founded by Alakh Pandey, began as a YouTube channel focused on physics education and has since evolved into one of India’s leading edtech platforms. Catering to students from grades 6-12 and aspirants of competitive exams like JEE, NEET, and UPSC, PW combines online, offline, and hybrid learning models to make quality education accessible across the country. With over 120 Vidyapeeth centers in 100+ cities and a digital footprint that covers 98% of India’s pin codes, PW has become a lifelong learning partner for millions. The platform supports over 10 million paid learners via its app and reaches an additional 36 million students through 80 YouTube channels in eight regional languages, solidifying its mission to democratise education at scale.
rocket

Founded In

2016

rocket

CEO

Alakh Pandey

Utilisation of Proceeds

PurposeAmount
The edtech unicorn plans to raise ₹4,600 crore through its IPO, combining a fresh equity issue and an Offer-for-Sale (OFS). A significant portion of the proceeds will fund the expansion of offline Vidyapeeth learning centres across Tier-2 and Tier-3 cities to deepen nationwide reach.-
A portion of the IPO proceeds will be allocated towards upgrading PhysicsWallah’s technology infrastructure. Focus areas include AI-driven adaptive learning, enhanced mobile app capabilities, vernacular content delivery, and advanced analytics to improve student engagement and learning outcomes across its online and hybrid platforms.-
PhysicsWallah plans to channel part of the IPO proceeds into enhancing educational quality, with a focus on reaching rural and semi-urban areas through upgraded content, better-trained educators, and localised learning initiatives.-
border
  • Explosive Revenue Growth & Scale:: Servify’s revenue jumped 2.6x year-on-year to ₹1,940 crore in FY24. With adoption across 98% of PIN codes and a 13.3 million YouTube following, the company demonstrates strong market penetration and impressive scalability in a short span.
  • Omnichannel Learning Presence:: The platform combines over 120 offline Vidyapeeth centers with its widely used digital app and a strong YouTube presence. This hybrid model enables it to engage students both online and in person, offering a seamless and flexible learning experience across urban and rural regions.
  • Deep Investor Backing:: PhysicsWallah enjoys strong institutional support from marquee investors such as WestBridge Capital, GSV Ventures, and Lightspeed Ventures, ensuring robust governance, strategic guidance, and access to growth capital for scaling its operations and technology.
  • Low Customer Acquisition Cost (CAC):: By leveraging its 13.7M YouTube following and strong word-of-mouth referrals, the company keeps customer acquisition costs minimal. This strategy supports healthier margins compared to rival edtech players like BYJU’S and Unacademy, which depend heavily on paid marketing campaigns.
  • Strong Content:: PhysicsWallah combines high-quality content, recorded lectures, doubt-solving, and quizzes, with advanced analytics on its platform, creating a scalable, self-sufficient education ecosystem that enhances student engagement and learning outcomes across online, offline, and hybrid models.
  • First-Mover Advantage in EdTech Listing:: PhysicsWallah is poised to become India’s first pure-play edtech IPO, giving it a unique position in the public markets and enhancing its brand visibility, investor interest, and leadership in the rapidly growing education technology sector.
  • Launch of Aryabhata 1.0:: PhysicsWallah (PW) introduced Aryabhata 1.0, a small language model (SLM) tailored for mathematics preparation in engineering entrance exams like JEE Main, strengthening its push into AI-powered learning solutions for competitive exam aspirants.This can enhance investor confidence, improve market positioning, and support its long-term strategy as it prepares for a potential IPO.

Open IPOs for Subscription

No Open IPOs

Stay tuned, there will be more IPOs listing soon!


Listed IPOs

No Listed IPOs

Stay tuned, there will be more IPOs listing soon!


Invest & Trade with a Trading
Platform That's #MadeForTrade

Open your Dhan Account in minutes!
border

Explore  |  Sitemap

*All securities mentioned on this website are exemplary and not recommendatory.

*Current prices on the website are delayed by 15 mins, login to check live prices.

We are bullish on India, we are bullish on India's prospects to be one of the largest economies in the world. We believe that the stock market provides a unique opportunity for all of India's traders and investors to participate in the growth story of the country.

Yet, most investing & trading platforms in India have remained more or less the same over the past decade. Times have changed and retail traders and investors have become smarter about managing their trades and money. Modern traders & investors require an online trading platform that helps them keep up with the technological advancements of our time.

That's why we're building Dhan - to help you trade, to help you invest, and to help you participate in India's growth stock via the stock market with awesome features and an incredible experience.

©2021-2025 Raise Securities Private Limited (formerly Moneylicious Securities Private Limited). All rights reserved. CIN: U74999MH2012PTC433549 Raise Securities is part of Raise Financial Services.

SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016
Exchange Membership No. : NSE: 90133 | BSE: 6593 | MCX: 56320
Registered Office: Unit No. 2201, 22nd Floor, Gold Medal Avenue, S.V. Road, Beside Patel Petrol Pump, Piramal Nagar, Goregaon West, Mumbai – 400104
Corporate Office: 302, The Western Edge I, Off Western Express Highway, Borivali East, Mumbai - 400066, Maharashtra, India. Customer Care: 9987761000.


For any query / feedback / clarifications, email at help@dhan.co.

In case of grievances for any of the services rendered by Raise Securities Private Limited, please write to grievance@dhan.co (for NSE, BSE and MCX) or grievancedp@dhan.co (for Depository Participant). Please ensure that you carefully read the Risk Disclosure Document as prescribed by SEBI, our Terms of Use and Privacy Policy. Compliance Officer: Mr. Manish Garg and Mobile: 8655740961 Email: complianceofficer@dhan.co To lodge your complaints using SEBI SCORES, click here.


Disclaimer: All communications with the client via chat, phone, or email are for support purposes only. Any commitments or statements made by the agent (human or virtual) shall not be binding on the company.


DHAN is a brand owned by Raise Securities Private Limited. All DHAN clients are registered under Raise Securities Private Limited. Clients are advised to refer to our company as Raise Securities Private Limited when communicating with regulatory authorities.


Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances


Disclaimer: Investment in the securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed the SEBI prescribed limit


Attention investors:

  1. Stock brokers can accept securities as margins from clients only by way of pledge in the depository system w.e.f September 01, 2020.
  2. Update your e-mail and phone number with your stock broker / depository participant and receive OTP directly from depository on your e-mail and/or mobile number to create pledge.
  3. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month.

Note: As a policy we do not give stock tips or recommendations and have not authorized anyone to give this on behalf of us. If you know anyone claiming to be a part of Dhan / / Raise or our associate companies or partners and offering such services, please report us on help@dhan.co. Important Information for Investors: To prevent unauthorized transactions in your trading / demat account, do not share your account details, credentials or any personal details with anyone. Keep your mobile number updated with your Stock Broker, Depository Participant and ensure that the same is registered with Stock Exchanges, Depository and KRAs. You will receive alerts and information on your registered mobile number / email for debit and other important transactions in your demat account directly from CDSL / Exchange on the same day. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Stock Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. This is issued in the interest of investors.


Raise Securities Private Limited also known as Dhan is only an order collection platform that collects orders on behalf of clients and places them on BSE StarMF for execution. Client expressly agrees that Dhan is not liable or responsible and does not represent or warrant any damages regarding non- execution of orders or any incorrect execution of orders with regard to the funds chosen by the client or due to, but not being limited to, any link/system failure, delay in transfer of the funds on account of any unforeseen circumstances/issues in the banking system/payment aggregators or any other problems that may result in a delay in crediting the funds into the BSE Star MF's bank account.


Mutual fund investments are subject to market risks, read all scheme related documents carefully before investing. Dhan is not a distributor or agent of any mutual fund. Mutual Funds are not exchange-traded products. Any related disputes will not have access to the Exchange-investor redressal forum or arbitration mechanism. For other disclaimers please refer https://dhan.co/advertisement-disclaimer/


Download client registration documents (Rights & Obligations, Risk Disclosure Document, Do's & Don'ts) in vernacular language: BSE | NSE | MCX


Kindly, read the Advisory Guidelines of BSE | NSE | MCX for investors as prescribed by the exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client's assets


Important Links: SEBI | BSE | NSE | MCX | CDSL | SCORES | ODR Portal | Investor Charter for Stock Brokers | Investor Charter for DP | UCC Advisory | e-Voting for Shareholders | NCL Client Collateral details |
MCXCCL Client Collateral details

Important Information: Terms of Usage | Disclaimers | Privacy Policy | Grievances | Risk Management Policy | Risk Disclosure | Advertisement Disclaimer | Referral Terms & Conditions | Saarthi 2.0 Mobile App for Investors