PhysicsWallah IPO Day 1 Subscription Status LIVE: 5% Booked, GMP ₹45, Expert Views & Application Guide Inside!
PhysicsWallah IPO Day 1 Subscription Status: India’s leading edtech unicorn PhysicsWallah has finally opened its much-awaited IPO for subscription on November 11, 2025, marking a key moment for the Indian startup ecosystem. PhysicsWallah IPO Day 1 subscription status has shown a steady response, with 5% of the total issue subscribed by 12:30 PM, according to NSE data.
PhysicsWallah IPO Day 1 Subscription Status
| Investor Category | Subscription (Times) | % Booked |
|---|---|---|
| Qualified Institutional Buyers (QIB) | 0.02x | 2% |
| Non-Institutional Investors (NII/HNI) | 0.03x | 3% |
| Retail Individual Investors (RII) | 0.06x | 6% |
| Total Subscription | 0.05x | 5% |
The IPO, which will remain open until November 13, 2025, has already attracted interest from retail investors, though institutional participation remains limited on Day 1.
PhysicsWallah IPO Details at a Glance
| Particulars | Details |
|---|---|
| IPO Open Date | November 11, 2025 |
| IPO Close Date | November 13, 2025 |
| Price Band | ₹400 – ₹425 per share |
| Lot Size | 35 shares |
| Minimum Investment (Retail) | ₹14,875 |
| Issue Size | ₹1,250 crore (Fresh Issue ₹500 Cr + OFS ₹750 Cr) |
| Listing Exchange | NSE & BSE |
| Expected Listing Date | November 18, 2025 |
PhysicsWallah IPO GMP Today
The Grey Market Premium (GMP) for PhysicsWallah IPO is holding steady at ₹45, indicating a listing gain potential of around 4% from the upper price band of ₹425.
| Date | GMP (₹) | Expected Listing Price (₹) | Premium % |
|---|---|---|---|
| November 11, 2025 | ₹45 | ₹470 | 4% |
Market observers believe that the moderate GMP reflects cautious optimism. The education tech space has seen volatility post the pandemic, and investors are weighing profitability sustainability versus growth expansion plans.
Expert Views: Should You Apply for PhysicsWallah IPO?
Market analysts have mixed opinions on this IPO:
“PhysicsWallah has demonstrated profitability unlike most Indian edtechs, with FY25 revenues touching ₹1,100 crore and net profit margin above 15%. The valuation, however, seems slightly stretched given sector uncertainties. Conservative investors may wait for listing clarity.”
“The brand’s deep reach in Tier-2 and Tier-3 cities and its hybrid teaching model provide a strong moat. Given the modest GMP and sustainable earnings visibility, a long-term investor can consider partial allotment.”
Overall, the IPO is being viewed as a “Cautious Subscribe” for long-term investors, particularly those confident in the edtech growth story.
How to Apply for PhysicsWallah IPO?
Applying for the IPO is simple. Investors can subscribe through UPI or ASBA using their broker or banking app.
Steps to Apply:
- Log in to your demat or trading app (like Zerodha, Groww, or Upstox).
- Go to the IPO section and select PhysicsWallah IPO.
- Enter the lot size (minimum 35 shares).
- Choose price band (cut-off recommended).
- Confirm and approve the UPI mandate.
- Wait for confirmation from the exchange.
Pro Tip: Always check funds availability in your UPI-linked account to avoid rejection.
Final Takeaway
The PhysicsWallah IPO Day 1 subscription status shows a cautious start, but market buzz and strong brand equity could drive higher participation from retail investors on the second and third days. With a moderate GMP of ₹45 and balanced fundamentals, analysts expect a listing premium between 4–6% if sentiment remains positive.
For now, investors should keep an eye on Day 2 and Day 3 subscription updates — as that will set the tone for listing gains and long-term potential.
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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.
