Physicswallah IPO
EdTech - Listed on 18 November 2025
Physicswallah IPO listing summary
Physicswallah (EdTech) closed its IPO window in 2025 and listed on NSE and BSE on 18 November 2025 at an upper band issue price of Rs 109, opening at Rs 145 for a listing gain of +33.0% and closing day one at Rs 155.24 (+42.4% on closing basis). The IPO was subscribed 1.81x overall - QIB 2.70x, HNI/NII 0.48x, Retail 1.06x. The total issue size was Rs 3,480 Cr (Fresh Issue Rs 3100 Cr, OFS Rs 380 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Physicswallah IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 6 | +5.50% |
| Day 2 | Rs 4 | +3.67% |
| Day 3 | Rs 4 | +3.67% |
| Day 4 | Rs 2 | +1.83% |
| Day 5 | Rs 2 | +1.83% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Physicswallah IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Physicswallah IPO - FAQs
What was the listing gain of Physicswallah IPO?
Physicswallah IPO listed at +33.0% versus the upper issue price of Rs 109 on 18 November 2025.
How many times was Physicswallah IPO subscribed?
Physicswallah IPO was subscribed 1.81x overall. QIB portion was subscribed 2.70x, HNI / NII 0.48x and Retail 1.06x.
What was the IPO GMP for Physicswallah?
IPO GMP started at Rs 6 on Day 1 and moved to Rs 2 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.