Markets / IPO / Physicswallah

Physicswallah IPO

Updated 18:57

Mainboard IPO on NSE and BSE · E-Learning

Status

Listed

Price band

₹103–109

Lot size

137 shares · ₹14,933

Subscribed

1.81×

How it listed

Issue price

₹109

Listing price (open)

₹145.00 +33.03%

First-day close

₹155.24 +42.42%

Price now

₹130.00 +19.27%

Listing day	18 Nov 2025
Open / high / low / close	₹145.00 / ₹161.99 / ₹137.35 / ₹155.24
Shares traded on NSE	27,33,89,694
Market value at the listing-day close	₹45,034 cr

Closing prices since listing: 26 Oct ₹124.84, 27 Oct ₹129.89, 28 Oct ₹131.40, 29 Oct ₹132.51, 30 Oct ₹128.99, 2 Nov ₹129.38, 3 Nov ₹128.64, 4 Nov ₹127.41, 5 Nov ₹132.20, 6 Nov ₹130.01.

Physicswallah share price, live chart and technicals →

Key dates

Bidding opens	11 Nov 2025
Bidding closes	13 Nov 2025
Allotment	14 Nov 2025
Refunds and shares in demat	17 Nov 2025
Listing	18 Nov 2025

Issue reservation

Investor group	Shares	% of issue	Most applicants allotted
Institutions (QIB)	10,11,55,340	54.32%	–
HNI / NII	5,05,77,669	27.16%	–
HNI, above ₹10 lakh	3,37,18,446	18.11%	3,673
HNI, ₹2–10 lakh	1,68,59,223	9.05%	8,790
Retail	3,37,18,446	18.11%	2,46,120
Employees	7,52,688	0.40%	–

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

Application	Lots	Shares	Amount
Retail (minimum)	1	137	₹14,933
Retail (maximum)	13	1,781	₹1,94,129
Small HNI (minimum)	14	1,918	₹2,09,062
Small HNI (maximum)	66	9,042	₹9,85,578
Big HNI (minimum)	67	9,179	₹10,00,511

At ₹109 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance

At least 1 in 1

Retail allotments available

2,46,120 × one lot

Retail portion subscribed

1.06×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor category	Shares offered	Shares bid for	Times subscribed
Institutions (QIB)	10,11,55,340	27,35,75,848	2.70×
HNI / NII	5,05,77,669	2,44,24,223	0.48×
HNI, above ₹10 lakh	3,37,18,446	1,85,67,610	0.55×
HNI, ₹2–10 lakh	1,68,59,223	58,56,613	0.35×
Retail	3,37,18,446	3,56,00,272	1.06×
Employees	7,52,688	26,26,701	3.49×
Total	18,62,04,143	33,62,27,044	1.81×

NSE and BSE bids together, as of 13 Nov 2025 19:00.

Demand at each price

Top price ₹54	11,011.09 lakh shares	72.0%
Cut-off final price, whatever it is; mostly retail	4,263.82 lakh shares	27.9%
Lower prices ₹51–53	11.46 lakh shares	0.1%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date	10 Nov 2025
Lock-in ends for the first 50% (30 days)	13 Dec 2025
Lock-in ends for the remaining 50% (90 days)	11 Feb 2026

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

	At issue price	Now
Market value	₹31,620 cr	₹37,712 cr
P/E (last 12 months' profit)	1,550.8	1,849.5

Revenue, last 12 months	₹4,106 cr
Profit, last 12 months	₹20 cr
Return on equity	0.5%
Debt to equity	0.00

From results the company filed with NSE (latest period to 30 Jun 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: E-Learning

Company	Listed	Subscribed	On listing	Since IPO
Jaro Institute of Technology Management and Research	30 Sept	22.06×	0.00%	-61.81%

IPO details

Price band	₹103–109
Final issue price	₹109
Lot size	137 shares
Minimum investment	₹14,933 (1 lot)
Market	NSE mainboard
Issue type	100% Book Building
Face value	Re.1 per Equity Share
Industry	E-Learning
Issue size	₹3,480.00 crore (about 31.93 crore shares) · Fresh issue + offer for sale: fresh ₹3,100.00 cr, offer for sale ₹380.00 cr
ISIN	INE0LP301011
Registrar	MUFG Intime India Private Limited Helpline: +91 810 811 4949, physicswallah.ipo@in.mpms.mufg.com
Lead managers	Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Goldman Sachs (India) Securities Private Limited and Axis Capital Limited
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 14 Nov 2025. Check it on the registrar's page (MUFG Intime India Private Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Physicswallah IPO price band and lot size?

The price band is ₹103–109 per share, and one lot is 137 shares (₹14,933 at the upper price).

When is the Physicswallah IPO allotment date?

Allotment was finalised on 14 Nov 2025, the next working day after bidding closed on 13 Nov 2025.

How many times was the Physicswallah IPO subscribed?

In total 1.81 times, on NSE and BSE together; retail 1.06 times.

What is the Physicswallah IPO listing date?

It listed on 18 Nov 2025 on NSE and BSE.

What is the chance of getting Physicswallah IPO shares?

At least 1 in 1 retail applicants got the minimum lot: 2,46,120 retail allotments with the retail portion subscribed 1.06 times. Winners are picked by lottery.

When does the Physicswallah anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 13 Dec 2025 and the 90-day lock-in on the rest ends on 11 Feb 2026; they can sell from the next trading day.

What was the Physicswallah listing gain?

It opened at ₹145.00 against an issue price of ₹109, a gain of 33.03%. It is now up 19.27% from the issue price.