PhysicsWallah Ltd is set to list its shares on Tuesday, November 18, 2025. The IPO received a favorable response from investors, with shares to be listed on both the BSE and NSE. The IPO was open for subscription from November 11 to 13, with allotment occurring on November 14. According to a notice from BSE, shares of PhysicsWallah Limited will soon be available for trading. As of today, market experts report a Grey Market Premium (GMP) of ₹9 per share for PhysicsWallah, indicating that shares are trading ₹9 above the IPO issue price in the grey market.
With a GMP of ₹9, the anticipated listing price is approximately ₹118 per share, reflecting an 8% premium over the IPO price of ₹109. The IPO raised ₹3,480.71 crore, with 28.45 crore shares in a fresh issue valued at ₹3,100.71 crore and an OFS of 3.49 crore shares worth ₹380 crore. The IPO price band was set between ₹103 and ₹109 per share. Overall, the PhysicsWallah IPO was subscribed 1.81 times, with retail investors subscribing 1.06 times, the NII segment at 0.48 times, and QIBs at 2.70 times. Kotak Mahindra Capital Co. Ltd acted as the lead manager, while MUFG Intime India Pvt. Ltd served as the registrar.
