PhysicsWallah Expands Offline Presence Ahead of Rs 3,480 Crore IPO
EdTech unicorn PhysicsWallah is expanding its offline footprint across India, planning to open new learning centres in nine tier 2 and tier 3 cities. The company currently operates 303 offline centres in 152 cities. PhysicsWallah is set to launch its IPO on November 11, aiming to raise Rs 3,480 crore with a price band of Rs 103-109 per share. The company has shown significant growth, with student enrollment increasing by 50% to 45 lakh in FY25 and revenue growing by 48.74% to Rs 2,887 crore. The company has also reduced its net loss by 78.51% to Rs 243 crore.
*this image is generated using AI for illustrative purposes only.
PhysicsWallah plans to broaden its offline footprint across India as it prepares for its initial public offering (IPO). The company's co-founder and CEO, Alakh Pandey, announced plans to open new learning centres in nine cities, signaling an expansion strategy in the competitive education sector.
Offline Expansion
PhysicsWallah is targeting growth in tier 2 and tier 3 cities, with new centres planned in:
- Muzaffarpur
- Dhanbad
- Akola
- Latur
- Rajkot
- Ujjain
- Bhatinda
- Jorhat
- Chennai
This expansion builds on the company's existing offline presence. As of June 30, PhysicsWallah operates 303 offline centres across 152 cities, up from 182 centres a year earlier, demonstrating a rapid scaling of its physical infrastructure.
IPO Details
PhysicsWallah is preparing to launch its IPO on November 11, with the following key details:
| IPO Aspect | Details |
|---|---|
| Total IPO Size | Rs 3,480.00 crore |
| Fresh Issue | Rs 3,100.00 crore |
| Offer for Sale | Rs 380.00 crore |
| Price Band | Rs 103.00 to Rs 109.00 per share |
| Targeted Valuation | Over Rs 31,500.00 crore |
The offer for sale component will be contributed by the company's promoters.
Financial Performance
PhysicsWallah has shown significant growth in its operational and financial metrics:
| Metric | FY25 | FY24 | Change |
|---|---|---|---|
| Student Enrollment | 45.00 lakh | 30.00 lakh | +50.00% |
| Revenue | Rs 2,887.00 crore | Rs 1,941.00 crore | +48.74% |
| Net Loss | Rs 243.00 crore | Rs 1,131.00 crore | -78.51% |
The company has managed to substantially narrow its losses while achieving strong revenue growth, indicating improved operational efficiency.
Digital Presence
PhysicsWallah's YouTube network has also seen substantial growth:
- Subscribers as of June 30: 98.80 million
- Compound Annual Growth Rate (CAGR) between FY23 and FY25: 41.80%
This robust digital presence complements the company's expanding offline network, creating a multi-channel approach to education delivery.
As PhysicsWallah prepares for its public debut, the company's expansion strategy and improved financials suggest a focus on sustainable growth. The upcoming IPO will be closely watched by investors and industry observers alike, as it could set a benchmark for EdTech valuations in the current market environment.
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