PhysicsWallah IPO: GMP, Subscription Status, Price Band & Listing Date (13 November 2025)

The PhysicsWallah IPO opened on 11 November and will close on 13 November.

Today’s grey market premium (GMP) is ₹1.25.

Subscription Status

The IPO response is slow.

By day 2, subscription was weak.

Day 3 may receive more bids.

Retail portion is over 50% filled.

Employee portion is fully subscribed.

Share Allocation

75% for QIBs

15% for NIIs

10% for retail investors

Shares worth ₹70 million for employees

Price Band

The IPO price band is ₹103–₹109.

Allotment and Listing Dates

Allotment: 14 November

Refunds: 17 November

Shares in demat: 17 November

Listing on NSE & BSE: 18 November

Grey Market Premium

Today’s GMP is ₹1.25.

Based on the top price ₹109, the estimated listing price is ₹110.25, which is 1.15% higher.

GMP Trend

In the last 9 sessions, GMP has mostly fallen.

Lowest: ₹1.25

Highest: ₹9

Day-Wise Subscription

Day 3: 16% subscribed

Retail: 73%

NII: 8%

QIB: 0%

Employee: 2.19x

Day 2: 12% subscribed

Day 1: 7% subscribed

IPO Size

The IPO includes:

Fresh issue: ₹3,100 crore

OFS: ₹380 crore