PhysicsWallah IPO price band is set at ₹103 to ₹109 per share. At the upper end of the price band, the company aims to raise ₹3,480 crore, which is a combination of fresh issue of 28.44 crore shares worth ₹3,100 crore, and an OFS of 3.49 crore shares aggregating to ₹380 crore.