Exchanges
BSE, NSE
Industry
E-Learning
Issue
Book building

PhysicsWallah IPO

₹155.24

+42.42% on listing

Listing-day close · NSE · 18 Nov 2025 · issue price ₹109

PhysicsWallah’s ₹3,480 crore IPO was priced at ₹109 a share. It listed on the NSE on 18 Nov 2025 and closed its first day at ₹155.24, up 42.42% on the issue price.

Timeline

  1. Opens
  2. Closes
  3. Allotment
  4. Refunds
  5. Shares in demat
  6. Listing

Issue details

Issue size
₹3,480 Cr
Fresh issue
₹3,100 Cr
Offer for sale
₹380 Cr
Lot size
137 shares
Minimum investment
₹14,933
Face value
₹1
Registrar
MUFG Intime India

Subscription

PhysicsWallah IPO subscription by investor category
CategoryShares offeredTimes subscribed
Total—1.49×

Overall, from the basis of allotment.

Financials and valuation

Market cap (post-issue)
₹31,527 Cr
P/E (post-issue)
-62.1
EPS (post-issue)
−₹1.76
Price to book
14.1
EBITDA margin
6.69%
PAT margin
−8.43%
Promoter holding
81.64% → 71.48%

Financials as of 31 Mar 2025, from the offer documents.

Listing

Listing date
18 Nov 2025
Issue price
₹109
Open
₹145.00
High
₹161.99
Low
₹137.35
Close
₹155.24

Listing day on the NSE. The close was +42.42% on the issue price.

FAQs

When did the PhysicsWallah IPO open and close?

It opened on 11 Nov 2025 and closed on 13 Nov 2025.

What was the PhysicsWallah IPO price?

The price band was ₹103–109 a share. The final issue price was ₹109.

What is the lot size and minimum investment?

One lot is 137 shares, ₹14,933 at ₹109 a share. Retail investors apply in whole lots.

How much did PhysicsWallah raise?

₹3,480 crore: ₹3,100 crore of new shares and ₹380 crore offered by existing shareholders.

How many times was the PhysicsWallah IPO subscribed?

1.49 times overall.

How did PhysicsWallah list?

It listed on the NSE on 18 Nov 2025 at ₹145.00 and closed the day at ₹155.24, up 42.42% on the ₹109 issue price.

Who is the registrar of the PhysicsWallah IPO?

MUFG Intime India handles the allotment, refunds and credit of shares.

For information only. Not investment advice or a research report.

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