PhysicsWallah Limited
ListedMainboardEducation Technology · NSE / BSE
The company is a leading EdTech platform offering online, offline, and hybrid test preparation for exams like JEE, NEET, and UPSC, along with upskilling courses in Data Science, Finance, and Software Development. As of July 15, 2025, it had 13.7 million YouTube subscribers, 4.13 million online transacting users, and 0.33 million offline enrolled students, totaling 4.46 million paid users with a CAGR of 59.19% from FY23 to FY25. It operates 198 tech-enabled hybrid centers, has 5,096 faculty members, and employs 15,775 people. The company has published 3,582 books and ranks among the top five EdTech firms in India by revenue. IPO proceeds will primarily be used for expanding offline and hybrid centers (₹1,056 crore), upgrading server and cloud infrastructure (₹200 crore), marketing (₹710 crore), acquisitions and investments (₹107 crore), and other corporate purposes.
Price Band
₹103 – ₹109
Issue Size
₹3480 Cr
Lot Size
137 shares
GMP
₹11
+10.1%
Est. Listing
₹120
at current GMP
Subscribed
1.91x
overall
Open
11 Nov 2025
Close
13 Nov 2025
Allotment
14 Nov 2025
Refund
15 Nov 2025
Demat Credit
16 Nov 2025
Listing
18 Nov 2025
Last updated 12 days ago
Live Grey Market Premium
PhysicsWallah Limited GMP Today
Last updated: 19 Oct 2026
Current Premium
₹11+10.1%
Issue Price (Upper)
₹109
Band: ₹103 – ₹109
Estimated Listing Price
₹120
Upper price + GMP
Lot Size
137 shares
Min investment ₹14,933
Estimated Profit / Lot
₹1,507
137 × ₹11
PhysicsWallah Limited GMP Historical Trend
GMP History
Grey Market Premium trend
—
▲ 0 today
Updated 12 months ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 15 Oct 2025 | — | 0.0% | ₹109 |
| 4 Nov 2025 | — | 0.0% | ₹109 |
| 6 Nov 2025 | +₹6 | 5.5% | ₹115 |
| 7 Nov 2025 | +₹4 | 3.7% | ₹113 |
| 10 Nov 2025 | +₹2 | 1.8% | ₹111 |
| 11 Nov 2025 | +₹1 | 0.9% | ₹110 |
| 12 Nov 2025 | +₹1 | 0.9% | ₹110 |
| 13 Nov 2025 | — | 0.0% | ₹109 |
| 14 Nov 2025 | +₹2 | 1.8% | ₹111 |
| 15 Nov 2025 | +₹5.5 | 5.0% | ₹114.5 |
| 17 Nov 2025 | +₹11 | 10.1% | ₹120 |
GMP is unofficial market data. Not a guarantee of listing performance.
About PhysicsWallah Limited Public Issue & Market Profile
PhysicsWallah Limited is bringing an initial public offering (IPO) in the Education Technology sector with an aggregate issue size of ₹3,480 Crores. The shares are offered at a price band of ₹103 to ₹109 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
Public Issue & Pricing Context:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Basis of Allotment & Listing Timeline:
Following the close of bidding on 2025-11-13, the basis of allotment is scheduled to be finalized on 2025-11-14. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What is PhysicsWallah Limited IPO GMP today?
The latest grey market premium for PhysicsWallah Limited IPO is ₹11, which indicates an expected listing price of ₹120.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.