In a landmark moment for India’s edtech sector, PhysicsWallah founders Alakh Pandey and Prateek Boob have officially entered the billionaire club, ahead of the company’s highly anticipated ₹3,480 crore initial public offering (IPO). The Noida-based startup, which began as a YouTube channel in 2016, has grown into one of India’s most successful education platforms, offering test preparation and upskilling courses to millions of students.
The IPO, set to open on November 11, 2025, will comprise a fresh issue of ₹3,100 crore and an offer-for-sale (OFS) of ₹380 crore, with both founders offloading ₹190 crore worth of shares each. At the upper end of the price band—₹109 per share—PhysicsWallah is valued at ₹31,170 crore. With each founder holding 105.12 crore shares, or a 40.31% stake, their individual net worth now stands at approximately ₹11,458 crore ($1.29 billion).
🧠 PhysicsWallah IPO Snapshot
| Detail | Value/Status |
|---|---|
| IPO Launch Date | November 11, 2025 |
| IPO Size | ₹3,480 crore |
| Fresh Issue | ₹3,100 crore |
| Offer-for-Sale (OFS) | ₹380 crore |
| Price Band | ₹103–₹109 per share |
| Valuation at Upper Band | ₹31,170 crore |
| Promoter Stake (Each Founder) | 40.31% |
| Stake Value (Each Founder) | ₹11,458 crore |
The IPO will close on November 13, with allotments finalized by November 14 and listing expected on November 18.
📊 PhysicsWallah’s Growth Trajectory
| Year | Milestone/Event | Impact on Business |
|---|---|---|
| 2016 | Launch of YouTube channel | Free physics tutorials for NEET/JEE aspirants |
| 2020 | App launch and monetization | Paid courses and live classes |
| 2022 | Unicorn status achieved | Valuation crosses $1 billion |
| 2023 | Offline expansion begins | PW Pathshala centers across India |
| 2025 | IPO announcement and DRHP filing | Institutional investor interest surges |
PhysicsWallah’s journey reflects the power of grassroots innovation and digital-first education.
🗣️ Reactions from Industry and Investors
| Stakeholder | Commentary Summary |
|---|---|
| Alakh Pandey | “We built this for students, not valuation.” |
| Prateek Boob | “Our mission is to democratize education.” |
| WestBridge Capital | “PhysicsWallah is a benchmark for scalable edtech.” |
| Edtech Analysts | “This IPO will redefine investor confidence in education startups.” |
The founders have consistently emphasized affordability, accessibility, and student outcomes over profit.
📌 Strategic Use of IPO Proceeds
| Area of Investment | Planned Allocation |
|---|---|
| Offline Center Expansion | New PW Pathshala centers in Tier 2/3 cities |
| Technology Infrastructure | AI-powered learning tools and analytics |
| Marketing and Branding | Pan-India campaigns and influencer partnerships |
| Content Development | Regional language courses and exam prep modules |
The IPO will fuel PhysicsWallah’s next phase of growth, targeting underserved student segments.
📌 Conclusion
Alakh Pandey and Prateek Boob’s rise to billionaire status ahead of PhysicsWallah’s ₹3,480 crore IPO is a testament to the transformative power of edtech in India. From humble beginnings to unicorn valuation, their journey embodies innovation, resilience, and a student-first philosophy. As the IPO opens, investors and educators alike are watching closely, recognizing PhysicsWallah not just as a business success, but as a movement reshaping the future of learning.
Disclaimer: This article is based on publicly available financial disclosures, IPO filings, and media reports. It is intended for informational and editorial purposes only and does not constitute investment or financial advice.
