Comparison between Hero Fincorp IPO and PhysicsWallah IPO.
Hero Fincorp IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while PhysicsWallah IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Hero Fincorp IPO is up to ₹3,668.13 Cr whereas the issue size of the PhysicsWallah IPO is up to ₹3,480.00 Cr. The final issue price of Hero Fincorp IPO is and of PhysicsWallah IPO is ₹109.00 per share.
| Hero Fincorp IPO | PhysicsWallah IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹1 per share |
| Issue Price (Lower) | ₹103.00 per share | |
| Issue Price (Upper) | ₹109.00 per share | |
| Issue Price (Final) | ₹109.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ₹10.00 per share | |
| Market Lot Size | 137 shares | |
| Fresh Issue Size | 0 shares | 28,44,68,537 shares |
| Fresh Issue Size (Amount) | up to ₹2,100.00 Cr | up to ₹3,100.08 Cr |
| OFS Issue Size | 0 shares | 3,48,62,384 shares |
| OFS Issue Size (Amount) | up to ₹1,568.13 Cr | up to ₹379.92 Cr |
| Issue Size Total | 0 shares | 31,93,30,921 shares |
| Issue Size Total (Amount) | up to ₹3,668.13 Cr | up to ₹3,480.00 Cr |
Hero Fincorp IPO opens on , while PhysicsWallah IPO opens on Nov 11, 2025. The closing date of Hero Fincorp IPO and PhysicsWallah IPO is , and Nov 13, 2025, respectively.
| Hero Fincorp IPO | PhysicsWallah IPO | |
|---|---|---|
| Anchor Bid Date | Nov 10, 2025 | |
| Issue Open | Nov 11, 2025 | |
| Issue Close | Nov 13, 2025 | |
| Basis Of Allotment (Tentative) | Nov 14, 2025 | |
| Initiation of Refunds (Tentative) | Nov 17, 2025 | |
| Credit of Share (Tentative) | Nov 17, 2025 | |
| Listing date (Tentative) | Nov 18, 2025 | |
| Anchor Lockin End date 1 | Dec 13, 2025 | |
| Anchor Lockin End date 2 | Feb 11, 2026 |
Hero Fincorp IPO P/E ratio is , as compared to PhysicsWallah IPO P/E ratio of -116.86.
| Hero Fincorp IPO | PhysicsWallah IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)PhysicsWallah Ltd.'s revenue increased by 51% and profit after tax (PAT) rose by 78% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 79.55 | 81.64 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | -116.86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹31526.73 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 11.57% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 8.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹-0.93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 11.05% | -12.50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Hero Fincorp IPO Retail Individual Investors (RII) are offered 0 shares while in PhysicsWallah IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Hero Fincorp IPO and 9,55,87,156 shares in PhysicsWallah IPO.
| Hero Fincorp IPO | PhysicsWallah IPO | |
|---|---|---|
| Anchor Investor Reservation | 14,33,80,733 shares | |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 0 shares | 9,55,87,156 shares |
| NII | 0 shares | 4,77,93,577 shares |
| RII | 0 shares | 3,18,62,385 shares |
| Employee | 0 shares | 7,07,070 shares |
| Others | ||
| Total | 0 shares | 31,93,30,921 shares |
Hero Fincorp IPO subscribed in total, whereas PhysicsWallah IPO subscribed 1.92x.
| Hero Fincorp IPO | PhysicsWallah IPO | |
|---|---|---|
| QIB (times) | 2.86x | |
| NII (times) | 0.51x | |
| Big NII (times) | 0.58x | |
| Small NII (times) | 0.37x | |
| RII (times) | 1.14x | |
| Employee (times) | 3.71x | |
| Other (times) | ||
| Total (times) | 1.92x |
