PhysicsWallah IPO Last Day: GMP, Subscription Status, Listing Date & Price Band

EdTech giant PhysicsWallah Ltd., co-founded by Alakh Pandey and Prateek Boob, is closing its ₹3,480 crore Initial Public Offering (IPO) today, November 13, 2025. Investors have just a few hours left to bid before the window shuts.

IPO Overview

The IPO, which opened on November 11, includes:

Fresh Issue: ₹3,100 crore (28.44 crore new shares)

Offer for Sale (OFS): ₹380 crore (3.49 crore shares)

The company’s shares are set to list on both the BSE and NSE on November 18, 2025, following the allotment on November 14.

Subscription Status (Day 3 Update)

As of 12:59 PM, November 13, the PhysicsWallah IPO has been subscribed 0.81 times overall.

Retail Investors: 0.88x

Qualified Institutional Buyers (QIBs): 1.07x

Non-Institutional Investors (NIIs): 0.20x

Market analysts note that institutional interest is stronger compared to retail participation, as investors await listing performance.

Price Band, Lot Size & Investment Details

Price Band: ₹103 – ₹109 per share

Lot Size: 137 shares

Minimum Investment (Retail): ₹14,933 (at upper band)

Investor categories:

sNII (Small Non-Institutional Investors): 14 lots (1,918 shares) ≈ ₹2.09 lakh

bNII (Big Non-Institutional Investors): 67 lots (9,179 shares) ≈ ₹10 lakh

Additionally, 7.52 lakh shares are reserved for employees at a ₹10 discount per share.

Kotak Mahindra Capital Co. Ltd. is the lead manager, and MUFG Intime India Pvt. Ltd. acts as the registrar.

PhysicsWallah IPO GMP (Grey Market Premium)

As of 10:55 AM, November 13, the GMP stands at ₹1, according to Investorgain.

With the upper price band at ₹109, the expected listing price is approximately ₹110, indicating a modest 0.92% listing gain.

Anchor Investors & Company Background

PhysicsWallah secured ₹1,562.85 crore from anchor investors on November 10, allocating 14.33 crore shares.

Anchor lock-in:

50% until December 14, 2025

Remaining 50% until February 12, 2026

Founded by Alakh Pandey, PhysicsWallah has built a massive following of 13.7 million YouTube subscribers and served 4.46 million learners through its online and offline courses. The platform offers test prep for JEE, NEET, UPSC, and professional upskilling programs in data science, finance, and technology.

Quick IPO Highlights

Detail Information

IPO Open Date November 11, 2025

IPO Close Date November 13, 2025

Allotment Date November 14, 2025

Listing Date November 18, 2025

Issue Size ₹3,480 crore

Price Band ₹103 – ₹109

Face Value ₹1 per share

Lot Size 137 shares

Listing On BSE, NSE

Disclaimer

This article is for informational purposes only and does not constitute financial advice. Investors should consult certified financial experts before investing. Market conditions and grey market premiums are subject to change.