PhysicsWallah, one of India’s fastest-growing ed-tech companies, is preparing to make its debut in the public market with a sizeable ₹3,480 crore Initial Public Offering (IPO). The IPO will open on November 11 and close on November 14, marking a major milestone in the company’s journey from a simple YouTube teaching channel to a large-scale education brand. The listing is expected shortly after the closing date on leading stock exchanges in India.
Founded by Alakh Pandey and Prateek Boob, PhysicsWallah has built a strong reputation for offering affordable and accessible education to students, especially those preparing for competitive exams like NEET and JEE. With millions of learners across the country, both online and offline, the company has quickly become a trusted name in education.
IPO Structure and Founder Participation
The IPO includes a fresh issue of shares worth around ₹3,100 crore, which means the majority of funds raised will directly support the company’s expansion and operational plans. Additionally, a smaller portion worth about ₹380 crore will come through an Offer for Sale (OFS) by the co-founders. This is a reduction from the earlier proposed OFS amount, indicating that the founders have chosen to retain more ownership in the company. This move reflects confidence in the company’s future growth and long-term vision. Maintaining strong founder ownership is often seen as a positive sign for investors who look for committed leadership.
Strong Business Growth and Financial Performance
In recent years, PhysicsWallah has demonstrated impressive financial performance. The company’s revenue has increased significantly year-on-year, driven largely by its expanding range of courses, offline learning centers, and digital platforms. Although the company has invested heavily in growth and infrastructure, it has also managed to control its expenses and reduce losses. This financial progress gives the company a stable base as it enters the public market. The momentum in both earnings and student enrollment suggests that the brand continues to attract strong demand nationwide.
Expansion Strategy and Future Plans
The funds raised from the IPO will support an ambitious expansion plan. PhysicsWallah aims to strengthen its hybrid learning model by opening more physical coaching centers in cities and towns across India. These centers will allow students to learn in classrooms with experienced teachers while still accessing online study materials and test tools. The company is also investing in technology upgrades to ensure smoother live sessions, faster app performance, and better learning analytics. Additionally, marketing and brand-building activities will increase visibility, allowing PW to reach more students in new regions.
Impact on the Indian Ed-Tech Landscape
PhysicsWallah’s IPO is being closely watched in the startup ecosystem because it signals a shift in India’s ed-tech sector. While many digital learning companies have struggled to maintain growth post-pandemic, PhysicsWallah has managed to adapt by combining online convenience with offline classroom reliability. This IPO shows that the education market in India still holds strong potential, especially for companies that balance affordability, accessibility, and quality. If the public response is positive, it may encourage more education startups to consider listing in the future.