The PhysicsWallah IPO opened for public subscription today, and the first few hours of bidding set the tone for a cautious yet active start. By mid-morning, the numbers began to build gradually, giving the market its first glimpse of investor interest around this much-awaited edtech IPO.
The company entered the market with a ₹3,480-crore public issue, combining a fresh issue and an OFS. As the bidding window opened, retail investors stepped in early, driving the initial momentum on PhysicsWallah IPO Day 1.
Market Performance: Subdued but Steady Opening
By 10:50 AM, the PhysicsWallah IPO had been subscribed 2%. The enthusiasm came mainly from the retail segment, which showed stronger participation compared to others in the early hours.
Here’s how the subscription numbers stood based on the data:
- Total subscription: 2%
- Retail portion: 11% booked
- NII portion: 1% booked
- QIB portion: Minimal bids so far
The IPO received 41.52 lakh bids against a total offer size of 18.62 crore shares at the time of the update.
The subscription pattern reflects a typical Day 1 trend—retail investors moving early, while institutional categories generally build up later in most public issues.
Main News: Inside the PhysicsWallah IPO Structure
The PhysicsWallah IPO news has been in focus for weeks, largely due to the company’s sharp rise in India’s growing edtech sector. Now, with the IPO officially open from November 11 to November 13, investors finally have access to detailed bidding numbers.
The IPO aims to raise ₹3,480 crore, divided as follows:
- Fresh issue: ₹3,100 crore
- Offer for sale: ₹380 crore.
The price band is set between ₹103 and ₹109 per share.
For retail investors, the minimum bid lot is another important detail:
- Minimum lot size: 137 shares
- Investment at upper band: ₹14,933
The company is targeting a valuation of over ₹31,500 crore at the top end of the price range.
The timelines for the IPO remain tightly structured:
- IPO open: November 11
- IPO close: November 13
- Allotment finalization: Likely November 14
- Listing date: Scheduled for November 18
Company Details:
The PhysicsWallah IPO about section in the reference highlights the nature of the company and its business model.
PhysicsWallah operates in the education sector, offering test-preparation and upskilling courses. It is positioned among India’s prominent edtech players in terms of revenue.
The company’s financial picture, as provided in the reference, shows the following:
- Net loss FY23: ₹81 crore
- Net loss FY25: ₹216 crore
The losses primarily stemmed from higher depreciation expenses and impairment losses on financial assets, as mentioned in the original data.
The reference also touches upon operational factors such as expansion, scaling costs, and market competition, but without adding any further interpretation, view, or external analysis—as per your guidelines.
Summary
The PhysicsWallah IPO Day 1 started with a 2% overall subscription, led mainly by 11% retail participation and moderate activity from NIIs. QIBs had yet to make significant bids during the early hours.
The IPO, worth ₹3,480 crore, is open from November 11 to 13, with shares priced between ₹103 and ₹109. Investors can apply with a minimum lot of 137 shares, requiring ₹14,933 at the upper band.
With the allotment likely on November 14 and listing scheduled for November 18, the first day’s subscription data gives an early snapshot of market interest—entirely based on the numbers and information provided, without any additions or interpretations.
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