PhysicsWallah IPO is to open on November 11, 2025. It is a Mainboard IPO that will raise ₹3,480 crores. The PhysicsWallah IPO price band is fixed at ₹103 to ₹109 with a market lot of 137 Shares.
PhysicsWallah IPO GMP Live Rates day by day with Kostak rates.
| Date | IPO GMP | GMP Trend | Gain |
| 18 Nov | ₹14 |  | 12.84% |
| 17 Nov | ₹8 | | 7.33% |
| 15 Nov | ₹5 | | 4.58% |
| 14 Nov | ₹- | – | -% |
| 13 Nov | ₹2 | | 0.92% |
| 12 Nov | ₹1 |  | 0.91% |
| 11 Nov | ₹4 | | 3.66% |
| 10 Nov | ₹4 | | 3.66% |
| 8 Nov | ₹5 | | 4.58% |
| 7 Nov | ₹5 | | 4.58% |
| 6 Nov | ₹9 | | 8.25% |
PhysicsWallah IPO Details
| IPO Open Date | November 11, 2025 |
| IPO Close Date | November 13, 2025 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹103 to ₹109 Per Share |
| Issue Size | Approx ₹3,480 Crores |
| Fresh Issue | Approx ₹3,100 Crores |
| Offer for Sale: | Approx 3,48,62,385 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
PhysicsWallah IPO Dates
| IPO Open Date: | November 11, 2025 |
| IPO Close Date: | November 13, 2025 |
| Basis of Allotment: | November 14, 2025 |
| Refunds: | November 17, 2025 |
| Credit to Demat Account: | November 17, 2025 |
| IPO Listing Date: | November 18, 2025 |
| IPO Bidding Cut-off Time: | November 13, 2025 – 5 PM |
Business Overview
Physicswallah is one of the leading companies that offers test preparation courses for competitive examinations like JEE, NEET, UPSC, as well as other upskilling courses. Their courses are delivered via multiple channels, such as 1) Online, which consists of their website, apps, and Social Media Channels, 2) Tech-enabled offline centers, where they conduct live classes, and 3) Hybrid Centers. Among the top 5 education companies, PhysicsWallah is the largest company in terms of revenue in India. It also has its own YouTube channel named “Physics Wallah – Alakh Pandey,” with around 13.7 million subscribers as of July 15, 2025.
The company’s main focus is to build a student community by offering them high-quality education using engaging and tech-enabled teaching methods. Moreover, most of its learning materials and courses are available on YouTube channels, making it convenient and accessible for students. PhysicsWallah comprises 4.13 million online users and 0.33 million offline students. They run 198 offline centers with 5,096 teachers, 15,775 employees, and have published 3,582 books so far in FY25.
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Disclaimer:
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