Physics Wallah Share Price: Edtech Major Lists at 33% Premium on D-Street Debut - Key Highlights

Edtech major PhysicsWallah made a strong debut on Dalal Street on Tuesday, with its share price listing over 33 percent above the IPO issue price, surpassing what grey-market trends had earlier indicated. The IPO, which ran between November 11 and 13, had garnered nearly twice subscription.

PhysicsWallah Share Price Today
PhysicsWallah shares listed at ₹145 per share on the NSE, marking a 33.03 percent premium over the upper end of its IPO price band of ₹109.
On the BSE, the stock debuted at ₹143.10, reflecting a 31.28 percent premium.
The company’s market capitalization post-listing stood at ₹40,922.20 crore.

What GMP Indicated Before Listing
Prior to listing, grey market signals had pointed to more moderate gains.  According to market tracker website data, PhysicsWallah IPO last GMP is ₹14, last updated Nov 18, 2025, 06:57 AM.

With a cap price of ₹109, the estimated listing price was around ₹123, implying an expected gain of 12.84% per share.

The final listing significantly outperformed the GMP-based estimates.

Read More - Nifty50, BSE Sensex Open Lower After Six Sessions Of Gains

PhysicsWallah: Subscription Status and IPO Details
PhysicsWallah’s IPO was subscribed 1.81 times in total, as per NSE data:
Retail Investors (RII): 1.06 times
Non-Institutional Investors (NII): 48%
Qualified Institutional Buyers (QIB): 2.70 times
The company raised ₹3,480.71 crore, comprising:
Fresh issue: 28.45 crore equity shares worth ₹3,100.71 crore
Offer for Sale (OFS): 3.49 crore shares totalling ₹380 crore

The IPO price band was ₹103–₹109 per share. The allotment was completed on November 14, with the listing on November 18 on both BSE and NSE.

PhysicsWallah: Lead Manager and Registrar
Kotak Mahindra Capital Co. Ltd. acted as the book-running lead manager, while MUFG Intime India Pvt. Ltd. served as the registrar for the IPO.

Disclaimer: The views expressed in this article are purely informational, and Republic Media Network does not vouch for, promote or endorse any opinions stated by any third party. Stock market and Mutual Fund investments are subject to market risks, and readers are advised to seek expert advice before investing in stocks, derivatives and Mutual Funds.