PhysicsWallah Powers Up: ₹1,562.85 Crore Raised from Anchor Investors Ahead of IPO

Updated: November 11, 2025 04:09

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Edtech unicorn PhysicsWallah has raised ₹1,562.85 crore from 57 anchor investors ahead of its IPO opening on November 11. The strong anchor book signals robust institutional confidence in the company’s growth trajectory. The IPO is expected to raise ₹3,480 crore through a mix of fresh issue and offer-for-sale.

India’s Edtech Star PhysicsWallah Secures Strong Backing Before Market Debut

PhysicsWallah, one of India’s fastest-growing edtech platforms, has made a powerful pre-IPO statement by raising ₹1,562.85 crore from anchor investors. The announcement came on November 10, just a day before its public issue opens for bidding. The anchor round saw participation from 57 institutional investors, underscoring strong market interest in the company’s fundamentals and future prospects.

Key Highlights from the Anchor Investment Round:

Anchor Book Oversubscribed

PhysicsWallah allotted 14,33,80,733 equity shares at the upper price band of ₹109 per share, including a ₹108 premium.

Major participants included ICICI Prudential MF, Kotak MF, Nippon MF, Aditya Birla Sun Life MF, and others.

IPO Details and Structure

The IPO opens on November 11 and aims to raise ₹3,480 crore, comprising ₹3,100 crore via fresh issue and ₹380 crore through offer-for-sale.

The face value of each share is ₹1.

Strong Institutional Confidence

The anchor round’s success reflects positive sentiment from domestic mutual funds and institutional investors, who see PhysicsWallah as a scalable and profitable edtech player.

Founders and Leadership

PhysicsWallah was co-founded by Alakh Pandey, Prateek Maheshwari, and Ankit Maurya, and has grown rapidly by offering affordable online coaching for competitive exams.

Valuation and Market Positioning

The IPO is expected to value the company at over ₹20,000 crore, placing it among India’s top edtech firms.

The funds will be used for expansion, tech development, and content enhancement.

Retail and Institutional Interest

With strong anchor backing, retail investors are expected to show keen interest, especially given the company’s profitable track record and low-cost model.

PhysicsWallah’s IPO marks a significant milestone in India’s edtech evolution, signaling investor appetite for mission-driven, scalable education platforms.

Sources: Livemint, Fintech BizNews, Moneycontrol

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