PhysicsWallah IPO GMP: Day 2 IPO Live Updates
Posted by : sachet | Wed Nov 12 2025
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The PhysicsWallah IPO GMP is ₹3 as of 12th November 2025. It is a book-building IPO of ₹3,4800 crore, comprising a fresh issue of 28.44 shares. The issue will be listed on BSE and NSE on its tentative listing date, 18th November 2025. The face value of PhysicsWallah shares is ₹10 per share, and the IPO price band is set at ₹103 to ₹109 per share. Retail investors can bid for a minimum of 1 lot of 137 shares, worth ₹14,933.
PhysicsWallah IPO Grey Market Premium
As of 12th November 2025, the GMP for the PhysicsWallah IPO stands at ₹3 per share. Thus, the estimated listing price would be ₹112. This indicates that the estimated listing gain in this IPO could be 2.75%. However, GMP details are subject to change based on market conditions and fluctuations. Explore the table for GMP updates on the PhysicsWallah IPO.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
| 12-11-2025 | ₹109.00 | ₹3.00 | ₹112.00 | 2.75% |
| 11-11-2025 | ₹109.00 | ₹3.00 | ₹112.00 | 2.75% |
| 10-11-2025 | ₹109.00 | ₹3.00 | ₹112.00 | 2.75% |
| 9-11-2025 | ₹109.00 | ₹4.00 | ₹113.00 | 3.67% |
| 8-11-2025 | ₹109.00 | ₹4.00 | ₹113.00 | 3.67% |
| 7-11-2025 | ₹109.00 | ₹5.00 | ₹114.00 | 4.59% |
| 6-11-2025 | ₹109.00 | ₹5.00 | ₹114.00 | 4.59% |
| 5-11-2025 | ₹109.00 | ₹5.00 | ₹114.00 | 4.59% |
PhysicsWallah IPO Details
| IPO Open Date | 11th November 2025 |
| IPO Close Date | 13th November 2025 |
| IPO Allotment Date | 14th November 2025 |
| Refund Initiation | 17th November 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹103 to ₹109 per share |
| Lot Size | 137 Shares |
| Issue Size | 31,92,66,054 shares(aggregating up to ₹3,480.00 Cr) |
| Fresh Issue | 28,44,03,669 shares(aggregating up to ₹3,100.00 Cr) |
| Offer for sale | 3,48,62,385 shares of ₹1(aggregating up to ₹380.00 Cr) |
| Issue Type | Fixed price IPO |
| Listing At | BSE and NSE |
| Listing Date | 18th November 2025 |
Explanation
PhysicsWallah IPO: PhysicsWallah Limited has announced the issue price of ₹103 to ₹109 per share. With this IPO, the company allows retail investors to bid for one lot of 137 shares worth ₹14,933. The face value of PhysicsWallah Limited shares is ₹1 per share. The shares of PhysicsWallah Limited will be listed on BSE and NSE on its tentative listing day, 18th November 2025. Scroll down to view GMP updates and reviews of the PhysicsWallah IPO.
Objectives of the PhysicsWallah IPO
The primary objective of the PhysicsWallah IPO is to raise ₹3,480.00 crore. However, before applying for the IPO, it is essential to be aware of its secondary objectives. Explore them below
- Capital expenditure for fit-outs of new offline and hybrid centres of our Company
- Expenditure towards lease payments of existing identified offline and hybrid centres operated by our Company
- Capital expenditure for fit-outs of new offline centres of Xylem
- Lease payments for Xylem’s existing identified offline centres and hostels
- Investment in our Subsidiary, Utkarsh Classes & Edutech Private Limited, for expenditure towards lease payments for Utkarsh Classes’ existing identified offline centres
- Expenditure towards server and cloud-related infrastructure costs
- Expenditure towards marketing initiatives
- Acquisition of additional shareholding in our Subsidiary, Utkarsh Classes & Edutech Private Limited
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
PhysicsWallah IPO Registrar
According to recent updates, MUFG Intime India Private Limited will be the registrar responsible for managing allotment and refund procedures. For any queries regarding the PhysicsWallah IPO GMP, allotment, and refund, you can contact MUFG Intime India Private Limited at ipo.helpdesk@linkintime.co.in or +91-22-4918 6270.
PhysicsWallah IPO Review
The PhysicsWallah IPO has gained neutral ratings from industry experts, brokers, and institutional investors. PhysicsWallah Limited’s revenue increased by 51% from ₹2,015.35 crore in March 2024 to ₹ 3,039.09 crore in March 2025. Moreover, the company’s PAT increased by 78% from ₹-1,131.13 crores to ₹-243.26 crores. Investors can analyse other relevant factors and make a decision accordingly.
Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we’re waiting for further ratings to gain a better understanding and will continue to post them to deliver real-time insights. Until then, you can explore the company’s technical analysis to know whether you should apply for the PhysicsWallah IPO or not.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the PhysicsWallah IPO.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | -116.86 |
| EPS (Earnings Per Share) | -0.93 |
| RoNW | -12.50% |
| ROCE | [.] |
| ROE | [.] |
| EBITDA Margin | 6.69% |
| Price to Book Value | 14.10 |
| Market Capitalisation | [.] |
The P/E ratio of PhysicsWallah Limited’s shares is -116.86, and its Earnings Per Share (EPS) is -0.93. Thus, the PhysicsWallah Limited IPO can deliver gains on its tentative listing day, 18th November 2025
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Mittal Solutions Limited are subject to change following the IPO. Refer to the table below for post-issue updates on these two metrics.
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FAQs on PhysicsWallah IPO
What is the GMP of the PhysicsWallah IPO?
Ans. As of 12th November 2025, the PhysicsWallah (Grey Market Premium) stands at ₹3. This suggests that the estimated listing price could be 2.75% of the share price.
What is the issue price of the PhysicsWallah IPO?
Ans. The PhysicsWallah IPO price range is ₹103 to ₹109.00 per share. Retail investors can apply for a minimum of 1 lot, each consisting of 137 shares, worth ₹14,933. Moreover, HNIs are required to bid for a minimum of 14 lots (1,918 shares) worth ₹2,09,578.
Who is the registrar of the PhysicsWallah IPO?
According to recent updates, MUFG Intime India Private Limited will be the registrar responsible for managing allotment and refund procedures. For any queries regarding the PhysicsWallah IPO GMP, allotment, and refund, you can contact MUFG Intime India Private Limited at ipo.helpdesk@linkintime.co.in or +91-22-4918 6270.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the PhysicsWallah IPO, download the PhysicsWallah IPO RHP and PhysicsWallah IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.
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