PhysicsWallah IPO Subscription Day 2: Check Online

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Posted by : sachet | Wed Nov 12 2025

Check Expert’s Verdicts on PhysicsWallah IPO.

Here is the PhysicsWallah IPO launched on 11th November 2025. Bidding for the issue will close on 13th November 2025. The primary aim of the PhysicsWallah IPO is to raise ₹3,480 crores from the market. Additionally, the PhysicsWallah IPO has received an impressive level of subscription, indicating that the shares will likely be listed at a premium. Scroll down to check the PhysicsWallah IPO subscription and details.

Table of Contents

PhysicsWallah IPO Details

IPO Open Date	11th November 2025
Face Value	₹1 per share
Price Band	₹103 to ₹109 per share
Lot Size	137 shares
Issue Type	Bookbuilding IPO
Listing At	BSE & NSE
IPO Close Date	13th November 2025
Listing Date	18th November 2025

The price band for the PhysicsWallah IPO has been prescribed at ₹103 to ₹109 per share, with a total of 31,92,66,055 shares issued. Let’s segregate the share quota fixed for different categories of investors.

Categories	Shares Offered	% Shares Offered
Market Maker Shares Offered	23,89,19,238	74.83%
QIB Shares Offered	4,77,83,848	14.97%
NII (HNI) Shares Offered	3,18,55,898	9.98%
Retail Investors	7,07,071	0.22%
Total Shares Offered	31,92,66,055	100.00%

PhysicsWallah IPO Subscription Status

As of now, the PhysicsWallah IPO has been subscribed to 0.11 times. Of these, 0.53 times are subscribed by retail investors, 0.04 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).

The healthy subscription status indicates that investors are expecting higher returns at the time of the PhysicsWallah IPO, scheduled for listing on 18th November 2025. PhysicsWallah’s IPO also has a positive outlook, with the fresh issue of 28.44 crore shares to raise around Rs 3,480 crores.

PhysicsWallah IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the PhysicsWallah IPO GMP for 12th November 2025.

The grey market premium for this IPO is 2.75% or Rs 3 per share. It indicates that the estimated listing price per share is Rs 112. Numerous factors played a pivotal role in the jump in PhysicsWallah IPO GMP. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.

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%

About PhysicsWallah Ltd.

PhysicsWallah was incorporated in 2016 as a YouTube channel primarily focused on physics. The company was formally incorporated as PhysicsWallah IPO Private Limited in 2020. Today, it is a leading and fastest-growing company by offering high-quality and accessible education to students. PhysicsWallah’s IPO has expanded its presence by making education more accessible to students, offering a hybrid model of education, and increasing its reach to urban and rural areas. They prepare students for competitive exams such as JEE, NEET and UPSC. The company is highly supported by its investors, including Westbridge Capital, GSV Ventures, and Hornbill Capital.

PhysicsWallah Limited Financials

The company’s financial analysis is essential before applying for PhysicsWallah Limited’s IPO. Look at the table to learn about PhysicsWallah Limited’s financials.

Year Ended	31st July 2025	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31st March 2023 (in cr.)
Assets	5,075.67	4,156.38	2,480.74	1082.18
Revenue	905.41	3,039.09	2,015.35	772.54
Profit After Tax	-127.01	-243.26	-1,131.13	-84.08
EBITDA	-21.22	193.20	-829.35	13.86
Net Worth	1,867.92	1,945.37	-861.79	62.29
Reserve and Surplus	787.92	467.06	-1,254.74	-187.65
Total Borrowing	1.55	0.33	1,687.40	956.15

Explanation

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.

Technical Indicators

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	[.]

PhysicsWallah IPO Listing Expectations

PhysicsWallah IPO Highlights: IPO allotment is still pending, as the bid closes today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A 2.75% jump in the GMP of PhysicsWallah’s IPO suggests that the estimated listing price per share will be around Rs 3.

It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.

PhysicsWallah IPO Dates

IPO Open Date	11th November 2025
IPO Close Date	13th November 2025
Allotment	14th November 2025
Refund Date	17th November 2025
IPO Listing Date	18th November 2025

Note: IPO GMP is volatile, driven by market sentiment. Hence, one should conduct their research before investing in it.

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