PhysicsWallah IPO Subscription Status
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 24 Apr, 12:13 AM.
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.
Table of Contents
Live Bidding
| Category | Offered | Applied | Amount (Cr) | Bid Details | TIMES |
|---|---|---|---|---|---|
|
QIB
|
10,11,55,340 | 27,35,75,848 | 2,981.98 Cr |
27,35,75,848
of 10,11,55,340
2,981.98 Cr
|
2.7x |
|
NII
|
5,05,77,669 | 2,44,24,223 | 266.22 Cr |
2,44,24,223
of 5,05,77,669
266.22 Cr
|
0.48x |
|
Retail
|
3,37,18,446 | 3,56,00,272 | 388.04 Cr |
3,56,00,272
of 3,37,18,446
388.04 Cr
|
1.06x |
|
Employee
|
7,52,688 | 26,26,701 | 28.63 Cr |
26,26,701
of 7,52,688
28.63 Cr
|
3.49x |
| TOTAL | 18,62,04,143 | 33,62,27,044 | 3,664.87 Cr |
33,62,27,044
3,664.87 Cr
|
1.81x |
Last Updated: 24 Apr 2026, 12:13 AM
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
Subscription trends over the last 5 days
| Date | Total | ||
|---|---|---|---|
|
24 Apr 2026
DAY 5
|
1.81x
|
||
|
QIB
2.7x
BHNI
0.55x
SHNI
0.35x
Retail
1.06x
Employee
3.49x
|
|||
|
06 Feb 2026
DAY 4
|
1.81x
|
||
|
QIB
2.70x
BHNI
0.55x
SHNI
0.35x
Retail
1.06x
Employee
3.49x
|
|||
|
13 Nov 2025
DAY 3
|
1.92x
|
||
|
QIB
2.86x
BHNI
-x
SHNI
-x
Retail
1.14x
|
|||
|
12 Nov 2025
DAY 2
|
0.14x
|
||
|
QIB
0.00x
BHNI
-x
SHNI
-x
Retail
0.63x
|
|||
|
11 Nov 2025
DAY 1
|
0.08x
|
||
|
QIB
0.00x
BHNI
-x
SHNI
-x
Retail
0.36x
|
|||
IPO Guru on Android
Get live GMP alerts, subscription updates, and allotment status directly on your phone. Fast, Free, and Secure.
PhysicsWallah IPO Allotment Probability
Allotment probability is calculated based on current subscription multiples. Retail allotment is by lottery when oversubscribed; NII allotment is proportionate. Final numbers may change until subscription closes. This is not investment advice.
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:
- 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.
- 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.
- 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.
- 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 market hours (10 AM – 5 PM IST) on active subscription days.
Frequently Asked Questions
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
Track every stage of this IPO from subscription to listing:
Discussion 0
No comments yet
Be the first to share your thoughts!