PhysicsWallah IPO allotment: Here’s how to check status online

PhysicsWallah

Ltd. is scheduled to finalise the share allotment status for its initial public offering (IPO) on Friday, November 14. The mainboard IPO was subscribed nearly two times on the third and final day of bidding on November 13.

The ₹3,480-crore book-building issue, which opened for subscription on November 11, attracted bids for more than 33.62 crore shares against 18.62 crore shares on offer on the last day of bidding. The mainboard issue was overall subscribed 1.81 times, as per the NSE data.

The retail portion of the IPO was booked 1.06 times, while the Non-Institutional Investors (NIIs) segment was subscribed only 0.48 times. The Qualified Institutional Buyers (QIBs) booked their category 2.7 times.

The PhysicsWallah IPO was a combination of a fresh issue of 28.44 crore shares, amounting to ₹3,100 crore and an offer-for-sale of 3.49 crore shares, worth ₹380 crore.

The minimum application size for retail investors was a single lot of 137 shares, amounting to an investment of ₹14,933. The IPO price band was fixed at ₹103 to ₹109 per equity share.

PhysicsWallah has proposed to use IPO proceeds for fit-outs of new offline and hybrid centres, lease payments of existing centres and investment in subsidiary Xylem Learning. A portion of the IPO will also be used for general corporate purposes.

The IPO bidders can check the allotment status online through the BSE, NSE and the official website of the issue registrar, MUFG Intime India Pvt. Ltd.

Steps to check PhysicsWallah IPO share allotment on the BSE:

Visit the IPO allotment page on the BSE website: https://www.bseindia.com/investors/appli_check.aspx
Select 'Equity' as the issue type and choose ‘PhysicsWallah Ltd’ from the dropdown menu
Enter your IPO application number or PAN
Click on ‘Search’ to view your share allotment status
Steps to check IPO share allotment status on the NSE:

Visit the IPO allotment page on the NSE website: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Select 'Equity & SME IPO bid details'
Under ‘Select Symbol’, click on ‘PHYSICS’
Enter your application number and PAN to proceed
Click on the ‘Submit’ button
Steps to check PhysicsWallah IPO allotment on MUFG Intime India:

Visit the link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
From the dropdown list, select ‘PhysicsWallah Ltd’
Choose any of these: PAN, Application Number, DP/Client ID, or Account Number/IFSC
Enter details as per your selection
Click on 'Submit' to check the allotment status

PhysicsWallah is expected to transfer shares to the Demat accounts of successful bidders on Monday, November 17. Refunds for non-allottees will also be processed on the same day.

The IPO listing date has been tentatively fixed as November 18.

PhysicsWallah was founded by Alakh Pandey in 2016. A physics teacher and college dropout, Pandey initially launched PhysicsWallah as a YouTube channel, which gained widespread popularity during the Covid-19 pandemic. It has now become one of the largest edtech companies in India.