PhysicsWallah IPO vs Prozeal Green Energy IPO

Comparison between PhysicsWallah IPO and Prozeal Green Energy IPO.

IPO Details

PhysicsWallah IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Prozeal Green Energy IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of PhysicsWallah IPO is up to ₹3,480.00 Cr whereas the issue size of the Prozeal Green Energy IPO is up to ₹700.00 Cr. The final issue price of PhysicsWallah IPO is ₹109.00 per share and of Prozeal Green Energy IPO is .

 PhysicsWallah IPOProzeal Green Energy IPO
Face Value₹1 per share₹2 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 Size137 shares
Fresh Issue Size28,44,68,537 shares0 shares
Fresh Issue Size (Amount)up to ₹3,100.08 Crup to ₹350.00 Cr
OFS Issue Size3,48,62,384 shares0 shares
OFS Issue Size (Amount)up to ₹379.92 Crup to ₹350.00 Cr
Issue Size Total31,93,30,921 shares0 shares
Issue Size Total (Amount)up to ₹3,480.00 Crup to ₹700.00 Cr

IPO Timetable

PhysicsWallah IPO opens on Nov 11, 2025, while Prozeal Green Energy IPO opens on . The closing date of PhysicsWallah IPO and Prozeal Green Energy IPO is Nov 13, 2025, and , respectively.

Financials & KPIs

PhysicsWallah IPO P/E ratio is -116.86, as compared to Prozeal Green Energy IPO P/E ratio of .

 PhysicsWallah IPOProzeal Green Energy IPO
Financials

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.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets5,075.674,156.382,480.742,082.18
Total Income905.413,039.092,015.35772.54
Profit After Tax-127.01-243.26-1,131.13-84.08
EBITDA-21.22193.20-829.3513.86
NET Worth1,867.921,945.37-861.7962.29
Reserves and Surplus787.92467.06-1,254.74-187.65
Total Borrowing1.550.331,687.40956.15
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets514.00422.94221.93157.25
Total Income475.49953.89341.80290.25
Profit After Tax51.6092.2421.5210.07
NET Worth243.84192.0372.0220.48
Reserves and Surplus234.34191.1871.2019.73
Total Borrowing82.6077.3462.923.43
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)81.6488.63
Promoter Shareholding (Post-Issue)71.48
P/E Ratio-116.86
Market Cap₹31526.73 Cr.
ROE69.87%
ROCE
Debt/Equity
EPS₹-0.93
RoNW-12.50%69.87%

Shares Offered

In the PhysicsWallah IPO Retail Individual Investors (RII) are offered 3,18,62,385 shares while in Prozeal Green Energy IPO retail investors are offered 3,18,62,385 shares. Qualified Institutional Buyers (QIB) are offered 9,55,87,156 shares in PhysicsWallah IPO and 0 shares in Prozeal Green Energy IPO.

 PhysicsWallah IPOProzeal Green Energy IPO
Anchor Investor Reservation14,33,80,733 shares0 shares
Market Maker Reservation0 shares0 shares
QIB9,55,87,156 shares0 shares
NII4,77,93,577 shares0 shares
RII3,18,62,385 shares0 shares
Employee7,07,070 shares0 shares
Others
Total31,93,30,921 shares0 shares

Bids Received (Subscription)

PhysicsWallah IPO subscribed 1.92x in total, whereas Prozeal Green Energy IPO subscribed .

 PhysicsWallah IPOProzeal Green Energy 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

Compare with others

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PhysicsWallah IPO Vs Prozeal Green Energy IPO