PhysicsWallah IPO Subscription Status: Check Subscription Status & Key Highlights

    The PhysicsWallah IPO opened for subscription on November 11, 2025, and closed on November 13, 2025. On Day 3, the issue saw a 1.92x overall subscription, led by moderate retail participation.

    While the retail portion reached 1.14x, 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.

    PhysicsWallah IPO Subscription Status

    The IPO has received a lukewarm response on Day 3, with most traction coming from the retail and employee categories. As of 13 Nov 2025 here’s the consolidated subscription data:

    Investor Category

    Subscription (times)

    Shares Offered*

    Shares bid for

    Total Amount (Rs Cr.)*

    Anchor Investors

    1

    14,33,80,733

    14,33,80,733

    1,562.850

    QIB (Ex Anchor)

    2.86

    9,55,38,505

    27,35,75,848

    2,981.977

    Non-Institutional Buyers

    0.51

    4,77,83,848

    2,44,24,223

    266.224

      bNII (bids above ₹10L)

    0.58

    3,18,55,898

    1,85,67,610

    202.387

      sNII (bids below ₹10L)

    0.37

    1,59,27,949

    58,56,613

    63.837

    Retail Investors

    1.14

    3,18,55,898

    3,63,72,678

    396.462

    Employees

    3.71

    7,07,071

    26,26,701

    28.631

    Total **

    1.92

    17,58,85,322

    33,69,99,450

    3,673.294

    Figures are based on the upper end of the price band.

    PhysicsWallah – IPO Details

    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

    Utilisation of Proceeds

    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

    PhysicsWallah IPO Anchor Investor Allocation

    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

    Conclusion

    On Day 3, PhysicsWallah IPO saw a modest growth with retail investors showing early interest while QIBs stayed on the sidelines. Subscription levels are expected to pick up in the coming 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.    

    Published Date : 13 Nov 2025

    Disclaimer :

    Investments in securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.


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    Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited



    This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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