PhysicsWallah IPO Subscription Status
PhysicsWallah IPO was subscribed 1.81 times when bidding closed on 13 Nov 2025: QIB 2.7x, NII 0.48x, Retail 1.06x.
The PhysicsWallah IPO has been subscribed 1.81x times overall. Retail investors have shown interest with bids for 1.06x the shares available. The Non-Institutional Investor (NII) category has been subscribed 0.48x. Within NII, Big HNI (B-HNI) subscribed 0.55x and Small HNI (S-HNI) subscribed 0.35x. Qualified Institutional Buyers (QIBs) have subscribed 2.7x. Data last updated on 27 Aug, 12:01 PM.
The IPO subscription period has ended. The issue opened on 11 Nov, 2025 and closes on 13 Nov, 2025. The shares are expected to list on stock exchanges on 18 Nov, 2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | 27,35,75,848 of 10,11,55,340 2,981.98 Cr | 2.7x |
| NII | 2,44,24,223 of 5,05,77,669 266.22 Cr | 0.48x |
bHNI — bid amount above ₹10 Lakh |
1,85,67,610 202.39 Cr | 0.55 |
sHNI — bid amount ₹2–10 Lakh |
58,56,613 63.84 Cr | 0.35 |
| Retail | 3,56,00,272 of 3,37,18,446 388.04 Cr | 1.06x |
| Employee | 26,26,701 of 7,52,688 28.63 Cr | 3.49x |
| TOTAL | 33,62,27,044 1,88,518 applications 3,664.87 Cr | 1.81x |
PhysicsWallah IPO Basis of Allotment
Final Final figures published by the registrar, after technical rejections. Allotment price ₹109.
| Category | AppsApplications | GotAllottees | Odds |
|---|---|---|---|
| TOTAL 1.49x subscribed | 1,88,518 | 1,87,950 | AllAll allotted |
PhysicsWallah IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 94.3% for a single lot.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
13 Nov 2025
Day 3 |
1.92x | ▼ | |
|
QIB2.86x
BHNI-
SHNI-
Retail1.14x
|
|||
|
12 Nov 2025
Day 2 |
0.14x | ▼ | |
|
QIB0.00x
BHNI-
SHNI-
Retail0.63x
|
|||
|
11 Nov 2025
Day 1 |
0.08x | ▼ | |
|
QIB0.00x
BHNI-
SHNI-
Retail0.36x
|
|||
PhysicsWallah IPO dates
From the bidding window to listing. Today is 6 November.
- Open 11 Nov 2025
- Close 13 Nov 2025
- Allotment 14 Nov 2025
- Refund/credit 17 Nov 2025
- Listing 18 Nov 2025
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of PhysicsWallah IPO?
As of IPO close date (13 Nov, 2025), the PhysicsWallah IPO is subscribed 1.81x times. Retail category is 1.06x, and NII is 0.48x subscribed.
When is the allotment date for PhysicsWallah IPO?
The allotment for PhysicsWallah IPO is expected to be finalized on 14 November, 2025.
When will PhysicsWallah IPO list on the stock market?
PhysicsWallah is scheduled to list on BSE and NSE on 18 November, 2025.
What are the chances of getting allotment in PhysicsWallah IPO?
The retail category is oversubscribed at 1.06x, meaning allotment is by lottery. Statistically, approximately 1 in 2 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 2.7x mean for PhysicsWallah IPO?
Moderate — QIBs have subscribed 2.7x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.
How to check PhysicsWallah IPO allotment status?
After the allotment date (14 Nov, 2025), you can check your PhysicsWallah IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore PhysicsWallah IPO further
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
