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PhysicsWallah IPO fully subscribed on Day 3; check GMP and other detailsConsidering the upper end of the price band, PhysicsWallah's post-issue market capitalisation is expected to be ₹31,169 crore.By Meghna Sen   November 13, 2025, 1:50:42 PM IST (Updated)2 Min ReadThe initial share sale of edtech platform PhysicsWallah witnessed decent investor interest during its third and final day of public bidding on Thursday, November 13. The ₹3,480-crore IPO has been fully subscribed on Day 3.

The maiden public issue of the company received bids for nearly 20.57 crore shares, as against an offer size of 18.62 crore shares, according to data from NSE as of 1:50 pm.

The retail investor portion has been booked 85% so far, while the non institutional investors (NII) quota was subscribed 25%. Qualified Institutional Buyers' (QIB) category was oversubscribed at 161%.

The company is selling its shares in a fixed price band between ₹103 and ₹109. Retail investors can bid for one lot of 137 shares, entailing a minimum investment of ₹14,933, with bids accepted in multiples of 137 shares thereafter.

At the upper end of the price band, PhysicsWallah's post-issue market capitalisation is expected to be ₹31,169 crore.

Meanwhile, shares of PhysicsWallah are commanding a premium of 0.92% in the unlisted market today. However, grey market premiums are indicative and can change rapidly.

The IPO comprises a fresh issue of ₹3,100 crore and an Offer For Sale (OFS) component of ₹380 crore.

The company had already raised ₹1,562.85 crore from 57 anchor investors. Capital Group, Goldman Sachs, Fidelity, Abu Dhabi Investment Council, and PineBridge were among the marquee foreign investors.

Promoter holding will decline to 72.3% from 81.6% post-IPO.

Kotak Capital, JPMorgan India, Goldman Sachs (India), and Axis Capital are the Book Running Lead Managers for the issue. Key investors include WestBridge Capital, GSV Ventures, Hornbill Capital, and Lightspeed Venture Partners.

About PhysicsWallah

PhysicsWallah was founded by Alakh Pandey in 2016. A physics teacher and college dropout, Pandey began uploading free educational videos to YouTube. The channel gained widespread popularity during the Covid-19 pandemic.

Today, the company operates 303 offline centers across 152 cities in India and the Middle East.Continue ReadingFirst Published: Nov 13, 2025 12:33 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsIPO