IPO Listed — 18 Nov 2025

Listing Price: ₹145 (+33.03% vs ₹109)

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PhysicsWallah IPO Review

Q: 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% (₹36 per share).

Q: What is the price band and lot size of PhysicsWallah IPO?

PhysicsWallah IPO is priced at ₹₹103 to ₹109 per share. The minimum lot size is 137 shares. Subscription ran from 11 Nov 2025 to 13 Nov 2025.

PhysicsWallah IPO has been reviewed by 11 analysts, and the overall consensus is May Apply — carrying a score of 65. Out of the 11 analysts who have covered this IPO, 7 recommend subscribing while 4 advise caution or avoidance — reflecting a mixed view from the analyst community.

The issue is priced in the band of ₹₹103 to ₹109 per share , with a minimum application size of 137 shares . Subscription ran from 11 Nov 2025 to 13 Nov 2025. Scroll down for the full analyst breakdown and analyst-wise verdicts.

General Review

PhysicsWallah is an education technology company that scaled revenue from ₹2,015.35 crore in FY24 to ₹3,039.09 crore in FY25, with sales and EBITDA CAGRs of 96.9 and 88.8 percent over three years. Profitability remains fragile. Seven of the thirteen analysts said subscribe, three said avoid.

Listing Gains

With losses, a price to earnings ratio cannot be calculated, so the notes use EV to sales of about 10.7 times on post-issue capital, at a market cap near ₹31,527 crore. Analysts describe that as demanding. The split between subscribe and avoid ratings pointed to a muted listing.

Short Term Strategy

The June 2025 quarter slipped back to an EBITDA loss of ₹21.22 crore, after FY25 had recovered to a positive ₹193.20 crore from a loss of ₹829.35 crore in FY24. That reversal is the near-term concern, since it suggests the FY25 profitability was not yet stable.

Long Term Strategy

The positive notes are explicit that this suits risk-tolerant investors with a long-term perspective only, resting on brand reach, a very large subscriber base and rising digital penetration in education. The bearish view is that the valuation demands sustained profitability that the quarterly numbers have not yet delivered.

Disclaimer: This review is an AI summary derived from the reviews of all analysts.

Analyst Verdict & Score
Detailed Review
Analyst Reviews
Frequently Asked Questions

Analyst Sentiment

Analytical Score

How it's calculated?

May Apply

65 / 100

Recommend Subscribe

Based on 11 analyst reviews

7 / 11

Higher consensus indicates broader analyst agreement.

Analyst Review

Analyst	Verdict	View
Aditya Birla Money	Apply
Adroit Financial Services	Avoid
DRChoksey Finserv	Apply
SBI Securities	Neutral
SMIFS Limited	Apply
Lakshmishree Investment	Apply
Capital Market	Avoid
Swastika Investmart	Avoid
Ventura Securities	Not Rated
Kunvarji Wealth	Apply
Incred equities	Apply
Systematix secrities ltd	Not Rated
Mehta Equities	Apply

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Frequently Asked Questions

Should I apply for PhysicsWallah IPO?

Based on analyst coverage tracked on this page, the overall verdict for PhysicsWallah IPO is May Apply. Out of 11 analysts who have reviewed this IPO, 7 recommend subscribing. Always cross-check with the full analyst reviews below and consult a SEBI-registered advisor before making any investment decision.

What does the score of 65 mean for PhysicsWallah IPO?

The score of 65 is an aggregate of all analyst ratings tracked for PhysicsWallah IPO. A score in this range reflects mixed views — some analysts are positive while others are cautious. Scroll down to read individual analyst verdicts for more context.

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% (₹36 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of PhysicsWallah IPO?

PhysicsWallah IPO was priced at ₹₹103 to ₹109 per share. The minimum lot size is 137 shares. Subscription ran from 11 Nov 2025 to 13 Nov 2025.

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