The much-anticipated PhysicsWallah (PW) IPO has officially opened today. It has already created a buzz among retail investors and market watchers.
For a large section of Indian students, PhysicsWallah is not just a coaching platform — it’s an emotion. And today marks a new chapter as the edtech giant steps into the public markets for the first time.
A Strong Start amid caution
PhysicsWallah’s ₹3,480-crore IPO opened today, November 11, 2025, amid mixed sentiment around new-age tech companies. The edtech market has seen ups and downs post-pandemic. However, PhysicsWallah’s remarkable growth — both online and through its expanding offline centres — continues to impress.
The IPO price band is set at ₹103–₹109 per share, and the issue is open for subscription until November 13. The listing is expected on November 18 on NSE and BSE.
Grey Market Update: Modest Premium
As of early morning on November 11, the GMP (Grey Market Premium) stands at ₹3 per share, indicating a possible listing price near ₹112 — roughly a 2.75% gain over the upper band price.
While the GMP signal isn’t powerful, market experts suggest long-term investors with faith in the brand’s future in India’s booming education space may still find it attractive.
How to Apply for the PhysicsWallah IPO
You can subscribe via:
- UPI through online brokers like Zerodha, Upstox, 5Paisa, Nuvama etc.
- ASBA via bank net banking platforms (SBI, HDFC Bank, ICICI Bank, etc.)
The minimum lot size is 137 shares, costing ₹14,933 at the upper price band. HNI investors need to apply for 14 lots or more.
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Important Dates
| Event | Date |
| IPO Opens | November 11 |
| IPO Closes | November 13 |
| Allotment | November 14 |
| Refunds | November 17 |
| Shares in Demat Account | November 17 |
| Listing | November 18 |
Key IPO Details at a Glance
| Detail | Information |
| Issue Size | ₹3,480 crore |
| Price Band | ₹103–₹109 per share |
| Lot Size | 137 shares |
| Market Listing | NSE & BSE |
| GMP | ~₹3 (approximately +2.75%) |
| Company Focus | Edtech — online + offline coaching |
| Book-Running Lead Managers | Kotak, JP Morgan, Goldman Sachs, Axis Capital |
PhysicsWallah has touched the lives of millions of students and built a powerful grassroots brand. Its IPO marks a historic moment — not only for the company but for India’s edtech community.
While the market environment may not be ideal, the company’s mission, student loyalty, and expansion story may still help it chart a strong long-term journey.
Disclaimer:
This article is for informational and educational purposes only. It does not constitute investment advice. Please consult your financial advisor before making any investment decisions.
Kangkan Kishor Sharma, an M.A. in Media and Journalism, serves as the Chief Contributor at NestOfNews.com. He contributes regularly, bringing insight, passion, and a deep commitment to delivering stories that truly matter. His work reflects a thoughtful understanding of media, storytelling, and the issues shaping today’s world.