What is the minimum investment required for retail investors?

14,933 (137 shares at upper band of 109). Lot size is 137 shares.

Is Physicswallah Limited IPO good for long-term investment?

Fundamentals show mixed signals. Consider company financials, sector trends, and market conditions. Many suggest applying for listing gains rather than pure long-term hold for IPOs.

IPOs carry inherent risks: market volatility, dependency on sector performance, competition, and market sentiment. Monitor subscription levels and market conditions before investing.

Long-term: If you believe in the company's growth prospects and sector outlook. Avoid if conservative or risk-averse.

What is Physicswallah Limited IPO?

Physicswallah Limited IPO is a public issue where the company offers its shares to investors through the stock exchange, allowing retail, HNI, and institutional participation.

What is the IPO price band of Physicswallah Limited?

The IPO price band of Physicswallah Limited is ₹₹103 to ₹109 per share, as mentioned in the issue details.

What is the minimum investment required for Physicswallah Limited IPO?

The minimum investment in Physicswallah Limited IPO is ₹14933, based on the applicable lot size for retail investors.

What is the lot size of Physicswallah Limited IPO?

The lot size of Physicswallah Limited IPO is 137 shares per lot, and applications must be made in multiples of this lot size.

What are the opening and closing dates of Physicswallah Limited IPO?

Physicswallah Limited IPO opens on 11 Nov 2025 and closes on 13 Nov 2025, as per the announced schedule.

What is Physicswallah Limited IPO subscription status?

Physicswallah Limited IPO subscription status shows the level of demand across retail, HNI, and institutional investor categories during the issue period.

What is Physicswallah Limited IPO GMP today?

Physicswallah Limited IPO GMP (Grey Market Premium) today is around ₹undefined, reflecting current grey market activity before listing.

Is Physicswallah Limited IPO GMP positive or negative?

Physicswallah Limited IPO GMP is currently negative, based on prevailing grey market trends. GMP may change over time.

What does Physicswallah Limited IPO GMP indicate for listing?

A positive Physicswallah Limited IPO GMP may indicate market interest ahead of listing, while actual listing performance depends on subscription response and market conditions.

When is Physicswallah Limited IPO listing date?

The expected listing date of Physicswallah Limited IPO is 18 Nov 2025, subject to completion of the allotment process.

Where can I check Physicswallah Limited IPO allotment status?

Physicswallah Limited IPO allotment status can be checked online once the allotment process is completed using application or PAN details.

Can Physicswallah Limited IPO subscription and GMP change before listing?

Yes, Physicswallah Limited IPO subscription figures and GMP may change during the issue period and before listing based on market activity.

MainboardBSE,NSECLOSED

physicswallah limited IPO

PHYSICSISIN: INE0LP301011

Listed at

145

33.03%

IPO Overview

Physicswallah limited IPO is a Mainboard public issue offered through a Book Building issue with a total issue size of ₹3,480.00 Cr. The IPO price band is set at ₹103 to ₹109 per share, and retail investors can apply with a minimum investment of ₹14.9K as per IPO guidelines.
The Physicswallah limited IPO opens on 11 Nov 2025 and closes on 13 Nov 2025. The IPO allotment is expected to be finalized on 14 Nov 2025, and the equity shares are proposed to be listed on BSE,NSE on 18 Nov 2025.
Investors can refer to the Physicswallah limited IPO RHP-DRHP for detailed information. The issue is managed by Kotak Mahindra Capital Co.Ltd.,JP Morgan India Pvt.Ltd.,Goldman Sachs (India) Securities Pvt.Ltd.,Axis Capital Ltd. as the book running lead manager, while MUFG Intime India Private Limited (Link Intime) is the registrar to the IPO. Before investing, market participants often review IPO details, valuation, PE ratio, financials, and risk factors.

Price Band

₹103 to ₹109

Issue Size

3,480.00 Cr

Lot Size

137Shares

P/E Ratio

Min Investment

₹14.9K

About Company

Physicswallah is an edtech company offering test preparation courses for various competitive examinations like JEE, NEET, UPSC, etc. and upskilling courses like Data science and analytics, banking and finance, software development, etc. It offers online services via social media channels, website and apps and also offers techenabled offline centers and hybrid centers. It is among the top 5 edtech companies in terms of revenues in India and has 13.7 million subscribers on YouTube as of July 15, 2025.

Key Numbers:

4.13 million Unique Transacting users (Online) and 0.33 million students enrolled for offline centers.
Average collection per user: 3,930.55 as of June 30, 2025
Multiple courses across 13 education categories
303 total offline centers as of June 30, 2025
6,267 Faculty members as of June 30, 2025
18,028 employees as of June 30, 2025
4382 books published

Competitive strengths

4.46 million Total Number of Paid Users in Fiscal 2025, grew at a CAGR of 59.19% from fiscal 2023 to 2025
Presence across a large number of education categories in India with courses offered through multiple channel
Proprietary technology-stack enhances students’ learning experience
Specialized faculty members across categories, quality content and well-planned curriculum
Experienced management team led by our visionary founders

Investment Objective

Capital expenditure for fit-outs of new offline and hybrid centers of our Company

Expenditure towards lease payments of existing identified offline and hybrid centers operated by our Company

Capital expenditure for fit-outs of new offline centers of Xylem

Lease payments for Xylem’s existing identified offline centers and hostels

Investment in our Subsidiary, Utkarsh Classes & Edutech Private Limited for expenditure towards lease payments for Utkarsh Classes’ existing identified offline centers

Expenditure towards server and cloud related infrastructure costs

Expenditure towards marketing initiatives

Acquisition of additional shareholding in our Subsidiary, Utkarsh Classes & Edutech Private Limited

Funding inorganic growth through unidentified acquisitions and general corporate purposes

Important Dates

Issue Opens

11 Nov 2025

Issue Closes

13 Nov 2025

Allotment

14 Nov 2025

Listing

18 Nov 2025

Financial Performance

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IPO Lot Size

Category	Lots	Shares	Amount
Retail (Min)	1	137	₹14,933
Retail (Max)	13	1,781	₹1,94,129
S-HNI (Min)	14	1,918	₹2,09,062
S-HNI (UPI)	33	4,521	₹4,92,789
S-HNI (Max)	66	9,042	₹9,85,578
B-HNI (Min)	67	9,179	₹10,00,511