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The PhysicsWallah IPO opened for subscription on November 11, 2025, and closed on November 13, 2025. On Day 1, the issue saw a 0.07× overall subscription, led by moderate retail participation.
While the retail portion reached 0.33×, the QIB category (excluding anchors) remained unsubscribed. Anchor investors fully subscribed their portion a day earlier, showing selective institutional interest.
To explore complete IPO details and apply, visit: PhysicsWallah IPO.
The IPO has received a lukewarm response on Day 1, with most traction coming from the retail and employee categories. As of 3:50 PM on November 11, here’s the consolidated subscription data:
Investor Category | Subscription (times) | Shares Offered* | Shares Bid For | Total Amount (₹ Cr) |
Anchor Investors | 1.00 | 14,33,80,733 | 14,33,80,733 | 1,562.85 |
QIB (Ex Anchor) | 0.00 | 9,55,38,505 | 0 | 0 |
Non-Institutional Investors | 0.02 | 4,77,83,848 | 11,75,871 | 12.82 |
bNII (> ₹10 L) | 0.01 | 3,18,55,898 | 3,82,778 | 4.17 |
sNII (< ₹10 L) | 0.05 | 1,59,27,949 | 7,93,093 | 8.65 |
Retail Investors | 0.33 | 3,18,55,898 | 1,04,44,058 | 113.84 |
Employees | 1.06 | 7,07,071 | 7,48,979 | 8.16 |
Total | 0.07 | 17,58,85,322 | 1,23,68,908 | 134.82 |
Figures are based on the upper end of the price band.
PhysicsWallah Limited’s ₹3,480 crore public issue comprises a fresh issue and an offer for sale. The IPO consists of 31.93 crore equity shares, distributed across investor categories as follows:
Category | Shares Offered | Amount (₹ Cr) | Issue Size (%) |
Anchor Investors | 14,33,80,733 | 1,562.85 | 44.91% |
QIB | 23,89,19,238 | 2,604.22 | 74.83% |
NII | 4,77,83,848 | 520.84 | 14.97% |
Retail | 3,18,55,898 | 347.23 | 9.98% |
Employees | 7,07,071 | 7.71 | 0.22% |
Total | 31,92,66,055 | 3,480.00 | 100% |
Price Band: ₹103 – ₹109 per share
Lot Size: 135 shares per lot
Listing: NSE & BSE on November 18, 2025
The company plans to allocate IPO proceeds toward:
Repayment / prepayment of certain borrowings (₹1,621.29 crore)
Cloud infrastructure expansion and digital initiatives
Brand marketing and product development
General corporate purposes
Additional Read- How to Apply for the Physicswallah IPO: Investment Guide
A total of 14,33,80,733 shares were allotted to anchor investors at ₹109 per share.
Parameter | Details |
Anchor Bid Opening Date | November 10, 2025 |
Anchor Investor Price | ₹109 per share |
Shares Allotted to Anchors | 14,33,80,733 |
Anchor Lock-in (30 days) | 0 |
Anchor Lock-in (90 days) | 0 |
Click here to check out recently closed IPO
On Day 1, PhysicsWallah IPO saw a modest start with retail investors showing early interest while QIBs stayed on the sidelines. Subscription levels are expected to pick up in the next two days as institutional demand builds closer to the closing date.
Investors tracking new issues can monitor subscription data daily to gauge sentiment ahead of listing.
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Physicswallah IPO.
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