PhysicsWallah IPO Allotment Status: Here’s direct link to check online via MUFG Intime India, BSE and NSE

PhysicsWallah IPO Allotment Status: Edtech unicorn PhysicsWallah (PW) has concluded its Rs 3,480-crore initial public offering (IPO), receiving a 1.81 times subscription on the final day of bidding.

Investors are now waiting for the allotment status ahead of the company’s market debut on November 18.

PhysicsWallah is set to become the first major pure-play edtech company to list on Indian stock exchanges, making this allotment round particularly important for retail and institutional investors alike.

PhysicsWallah IPO Subscription Status

The IPO received bids for 33.62 crore shares against 18.62 crore shares on offer. The Qualified Institutional Buyers (QIBs) category saw strong interest with 2.70 times subscription, while the Retail Individual Investors (RIIs) subscribed 1.06 times.

However, the Non-Institutional Investors (NIIs) segment saw a relatively weak response with 48 per cent subscription. On day two, the issue had only touched 13% subscription, but demand picked up significantly on the final day.

Before opening to the public, PhysicsWallah raised Rs 1,563 crore from anchor investors. The price band was set at Rs 103–109 per share, valuing the company at over Rs 31,500 crore at the upper end.

With investors keen to see if they received an allotment, here is a simple guide to checking the PhysicsWallah IPO allotment status:

How to Check PhysicsWallah IPO Allotment on MUFG Intime India (Registrar) – Direct Link

Open the link in your browser

Select ‘PhysicsWallah Limited’ from the IPO list

Click Submit to view allotment status

How to Check PhysicsWallah IPO Allotment on NSE

Choose ‘Equity & SME IPO bid details’

Select PHYSICS from the symbol dropdown

Enter Application Number and PAN

How to Check PhysicsWallah IPO Allotment on BSE

Select ‘PhysicsWallah Limited’

Enter PAN or Application Number

The IPO includes a fresh issue of Rs 3,100 crore and an Offer for Sale (OFS) of Rs 380 crore, with founders Alakh Pandey and Prateek Boob each selling Rs 190 crore worth of shares.

PhysicsWallah plans to use IPO proceeds to fuel expansion and strengthen its hybrid learning ecosystem. The company has expanded rapidly, offering test-prep courses for JEE, NEET, GATE, and UPSC, alongside offline and hybrid centres across various cities.

Backed by WestBridge Capital, Hornbill, and GSV Ventures, PW significantly reduced its losses to Rs 243 crore in FY25, compared to Rs 1,131 crore the previous year. Revenue for FY25 rose to Rs 2,887 crore, reflecting strong demand for its affordable education model.