PhysicsWallah IPO GMP History
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 137 shares. The IPO was open for subscription from 11 Nov 2025 to 13 Nov 2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 27 Aug, 12:01 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
PhysicsWallah IPO dates
Key dates from opening to listing. Today is 16 October.
- Open 11 Nov 2025
- Close 13 Nov 2025
- Allotment 14 Nov 2025
- Refund/credit 17 Nov 2025
- Listing 18 Nov 2025
PhysicsWallah IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹109 |
|---|---|
| Listing gain / loss | +₹36 per share |
| Listing date | 18 Nov, 2025 |
| Actual listing price | ₹145 (+33.03%) |
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:
- 01Subscription 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?
- 02Timing 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.
- 03Grey 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.
- 04Cross-check before acting: Review the PhysicsWallah IPO full review for a fundamentals-based assessment before making any grey market trades.
PhysicsWallah IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for PhysicsWallah IPO was not available during the subscription period. 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 available 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
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 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 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
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
