Loading...
Loading IPO details...
PWL
LISTEDInvestors can bid for minimum 137 shares and in multiples. The table shows min-max investment by Retail and HNI.
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail(min) | 1 | 137 | ₹14,933 |
Retail(max) | 13 | 1,781 | ₹1.94L |
SHNI(min) | 14 | 1,918 | ₹2.09L |
SHNI(max) | 66 | 9,042 | ₹9.86L |
BHNI(min) | 67 | 9,179 | ₹10.01L |
Employee(min) | 1 | 137 | ₹12,741 |
Employee(max) | 33 | 4,521 | ₹5.00L |
Note: Lot size is 137 shares at ₹109/share (₹₹14,933/lot).Limits: Retail ₹0-₹2L, sHNI ₹2L-₹10L, bHNI >₹10L.
PhysicsWallah Limited is a leading Indian edtech company focused on affordable test preparation for exams like JEE, NEET, government exams, and foundation courses. Its hybrid model combines extensive online and rapidly growing offline (Vidyapeeth & Pathshala) presence, serving millions of students in over 100 cities. FY25 revenue surged to ₹2,886.6 crore, but the company reported a net loss of ₹243.3 crore. Main revenue channels include online and offline courses, sales of books, merchandise, and franchise fees. Its community and brand are strongly linked to founder Alakh Pandey.
PhysicsWallah demonstrates strong revenue growth and brand equity in the affordable education segment, but it is yet to achieve sustainable profitability and is valued at a significant premium. The hybrid expansion adds risk, and current market sentiment is tepid with low subscription and negligible GMP. Consider avoiding this IPO until there is more clarity on bottom-line improvement and listing performance.
Analyst Notes: Automated research generated via Perplexity AI