IPO Guru

IPO Listed — 18 Nov 2025

Listing Price: ₹145

vs Issue Price ₹109 +₹36 (+33.03%)

PhysicsWallah IPO GMP History | Listing Price ₹145 & Kostak Rate

IPO
Final GMP
₹ 0
--
Final Kostak
₹ 0
Final Sub. to Sauda
₹ 0

PhysicsWallah IPO has been listed on November 18, 2025 at a listing price of ₹145, against the issue price of ₹109 — a gain of ₹36 (+33.03%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.

PhysicsWallah IPO raised ₹3480.00 Cr. through its IPO at a price band of ₹₹103 to ₹109 per share, with a lot size of TBA shares. The IPO was open for subscription from 11 Nov 2025 to 13 Nov 2025.

GMP Trend Chart

Day-wise GMP Trend

Date GMP ↑↓ % Kostak Sub. Sauda
No GMP history available yet.

PhysicsWallah IPO Dates

Event Date
Open Date 11 Nov, 2025
Close Date 13 Nov, 2025
Allotment Date 14 Nov, 2025
Refund Date 17 Nov, 2025
Credit to Demat 17 Nov, 2025
Listing Date 18 Nov, 2025

PhysicsWallah IPO Actual Listing Price

Basis Value
Issue Price ₹109
Actual Listing Price ₹145 (+33.03%)
Listing Gain / Loss +₹36 per share
Listing Date 18 Nov, 2025

Is PhysicsWallah IPO GMP Reliable?

Grey market premium for PhysicsWallah IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:

  • Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
  • Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
  • Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
  • Cross-check before acting: Review the PhysicsWallah IPO full review for a fundamentals-based assessment before making any grey market trades.

PhysicsWallah IPO IPO Kostak Rate Explained

The Kostak rate for PhysicsWallah IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.

The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.

Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.

About PhysicsWallah IPO

PhysicsWallah was founded in 2020 by Alakh Pandey and Prateek Maheshwari, although its journey began earlier through YouTube lectures aimed at making affordable education accessible to students across India. Starting with physics content for competitive exams, the platform quickly gained popularity due to its simple teaching style and low-cost approach. Over time, the company expanded into a full-fledged edtech platform, offering courses for JEE, NEET, UPSC, and other competitive exams.

The company provides a wide range of products and services including live online classes, recorded lectures, study materials, test series, and offline coaching centers under its hybrid model. Its business model focuses on affordability and scale, targeting students from Tier 2 and Tier 3 cities by offering quality education at competitive prices. Revenue is primarily generated through course subscriptions, app-based learning programs, and offline center enrollments, while maintaining a strong digital presence to reach millions of learners nationwide.

Frequently Asked Questions about PhysicsWallah IPO

What is the GMP of PhysicsWallah IPO?

The current Grey Market Premium (GMP) of PhysicsWallah IPO is not yet started or active in the market.

What is the Kostak Price of PhysicsWallah IPO?

Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for PhysicsWallah IPO is currently not available.

What is the Subject to Sauda Price of PhysicsWallah IPO?

Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.

What was the actual listing price of PhysicsWallah IPO?

PhysicsWallah IPO listed on November 18, 2025 at ₹145, against the issue price of ₹109 — a gain of +33.03%.

How did the GMP of PhysicsWallah IPO trend before listing?

The GMP of PhysicsWallah IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.

Explore PhysicsWallah IPO Further

For a complete picture before making your investment decision, explore these resources:

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