PhysicsWallah IPO GMP Today at 1% as Subscription Hits 14% — Expert Verdict: Apply or Avoid?
PhysicsWallah IPO GMP Today: Known for revolutionising affordable online learning, PhysicsWallah now aims to strengthen its offline presence. The issue has witnessed slowing demand on Day 1 & Day 2, while the PhysicsWallah IPO GMP today eased down to ₹1.25, i.e. around 1.15% above the upper price band.

Here’s a complete, up-to-date look at the PhysicsWallah IPO — including dates, price band, Physicswallah IPO GMP today & GMP trend, expert commentary, and whether you should apply or not.
When Will the PhysicsWallah IPO Open and What Are Its Key Details?
| Parameter | Details |
|---|---|
| IPO Type | Mainboard IPO |
| IPO Size | ₹3,480 crore (₹3,100 crore fresh issue + Offer for Sale) |
| Price Band | ₹103 – ₹109 per share |
| Market Lot | 137 shares per lot |
| IPO Opens | 11 November 2025 |
| IPO Closes | 13 November 2025 |
| Expected Listing Date | 18 November 2025 (tentative) |
| Valuation (Upper Band) | Around ₹31,500 crore |
| Lead Managers | Kotak Mahindra Capital, J.P. Morgan India, Goldman Sachs India, Axis Capital |
The issue will be listed on both NSE and BSE, and given the company’s massive popularity, it is expected to see strong retail interest right from Day 1.
What Is the PhysicsWallah IPO GMP Today?
As of 13 November 2025, the PhysicsWallah IPO GMP today stands at ₹1.25 per share, indicating a ~1.15% premium over the upper price band.
Below is the day-wise GMP trend based on recent updates:
| Date | IPO GMP | GMP Trend | Estimated Listing Gain |
|---|---|---|---|
| 13 Nov 2025 | ₹1.25 | GMP Down | 1.15% |
| 12 Nov 2025 | ₹1.5 | GMP Down | 1.38% |
| 11 Nov 2025 | ₹3 | GMP Down | 2.75% |
| 10 Nov 2025 | ₹4 | GMP Down | 3.67% |
| 8 Nov 2025 | ₹5 | GMP Down | 4.58% |
Interpretation:
The PhysicsWallah IPO GMP today has softened slightly from ₹9 to ₹1.25, suggesting profit-booking sentiment among grey market traders. However, the premium still remains in the green zone — a sign of healthy investor appetite.
What Are Experts Saying About the PhysicsWallah IPO?
1. Strong Brand Power:
PhysicsWallah has one of the strongest brand recall values among India’s youth, thanks to its affordable courses and relatable teaching style. The brand is considered a category creator in value-driven ed-tech.
2. Valuation Remains a Key Risk:
At an upper valuation of around ₹31,500 crore, analysts believe the IPO is priced on the higher side compared to peers. The company’s profitability is still evolving, making it a growth-oriented bet.
3. Listing Gains Expected:
With a lowering GMP & weak interest, experts anticipate a 1%-2% listing gain, provided market sentiment stays stable through the subscription period.
4. Long-Term View Cautious:
While short-term prospects look bright, the long-term outlook depends on PhysicsWallah’s ability to manage offline expansion profitably and maintain low acquisition costs.
Should You Apply for the PhysicsWallah IPO?
| Investor Type | Recommendation | Reason |
|---|---|---|
| Retail Investors | ⚠️ Wait for Day 3 Subscription Figures | Watch for Day 3 status, may offer short-term upside. |
| Long-Term Investors | ⚠️ Hold & Watch | Wait to assess post-listing performance and profit trajectory. |
| Conservative Investors | ❌ Avoid | High valuation and sector volatility raise risk factors. |
Final Verdict:
If you’re aiming for short-term listing gains, applying makes sense. However, if you prefer stable, fundamentally mature businesses, it’s wiser to wait and observe the company’s first few quarterly results post-listing.
What’s the Final Take on PhysicsWallah IPO?
The PhysicsWallah IPO is among the most talked-about issues of 2025. With solid brand recall, emotional investor connect, and positive GMP, it’s likely to see heavy retail participation.
However, the declining GMP trend and high valuation suggest investors should manage expectations. In short — it’s a growth-driven IPO with moderate short-term potential and cautious long-term outlook.
PhysicsWallah IPO GMP Today Frequently Asked Questions (FAQs)
Q1. What are the PhysicsWallah IPO dates?
The IPO opens on 11 November 2025 and closes on 13 November 2025.
Q2. What is the price band and lot size?
The price band is ₹103–₹109, and one lot consists of 137 shares.
Q3. What is the PhysicsWallah IPO GMP today?
The current GMP stands around ₹1.25 per share, indicating a 1.15% expected listing gain.
Q4. Is PhysicsWallah profitable?
The company is in growth mode. It has shown strong revenue expansion but modest profitability due to offline expansion costs.
Q5. Should I apply for the IPO?
Investors should adopt a wait-and-watch approach for the day.
Click Here to know more market & IPO related news and updates.
Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.



