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Explore how Physicswallah Ltd. performed during its IPO subscription phase, including investor participation, issue size, price band, and detailed steps on how to apply through ASBA or UPI.
The Physicswallah Ltd. IPO opened for subscription on November 11, 2025, marking a major milestone for one of India’s leading education technology companies. This IPO offers investors an opportunity to participate in the rapid digital transformation of India’s online learning and EdTech ecosystem.
On its opening day, the Physicswallah IPO received an overall subscription of 0.05×, supported by steady interest from retail and employee categories. Retail investors subscribed 0.25×, while employees showed stronger participation at 0.75×, reflecting confidence in the company’s long-term growth prospects.
On Day 1, the IPO recorded early traction from smaller investors and internal stakeholders, while institutional participation is expected to strengthen over the remaining bidding days. The IPO remains open for subscription until November 13, 2025.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIBs) |
0.00× |
Non-Institutional Investors (NII) |
0.02× |
Retail Individual Investors (RIIs) |
0.25× |
Employee Reserved |
0.75× |
Total |
0.05× |
This early performance indicates measured optimism, with participation likely to grow as institutional and HNI investors come in over the next sessions.
The Physicswallah IPO price band is set between ₹103 and ₹109 per share, with a face value of ₹1 per share. Investors can bid for a minimum of 137 shares (1 lot) and in multiples thereof.
At the upper price band, one lot amounts to an investment of ₹14,933, making it an accessible entry point for retail investors seeking exposure to India’s growing education technology segment.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min/Max) |
1 |
137 |
₹14,933 |
S-HNI (Min) |
15 |
2,055 |
₹2,14,000 |
S-HNI (Max) |
70 |
9,590 |
₹10,45,000 |
B-HNI (Min) |
71 |
9,727 |
₹10,59,000 |
The lot structure ensures easy retail participation while allowing high-net-worth investors to scale their bids. For live updates, visit the Physicswallah IPO page on Bajaj Markets.
Here’s the full IPO timeline highlighting key investor events — from the opening of subscriptions to the stock’s listing on the exchange.
| Event | Date | Details |
|---|---|---|
IPO Open Date |
November 11, 2025 |
IPO opens for bidding |
IPO Close Date |
November 13, 2025 |
Final day for subscription |
Basis of Allotment |
November 14, 2025 |
Share allotment finalisation |
Initiation of Refunds |
November 17, 2025 |
Refunds begin for unallotted shares |
Credit of Shares to Demat |
November 17, 2025 |
Shares credited to investors’ accounts |
Listing Date (NSE SME) |
November 18, 2025 |
Expected listing on NSE |
UPI Mandate Cut-Off Time |
5 PM, November 13, 2025 |
Last time to confirm UPI mandate |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Physicswallah Ltd. IPO via ASBA (Net Banking) or UPI (through broker platforms) — both SEBI-approved, paperless, and secure methods.
Follow these simple steps to apply via your bank’s ASBA facility:
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Physicswallah Ltd. IPO’ from the list.
Enter the number of lots and bid price.
Confirm and submit your IPO application.
The bid amount will remain blocked until allotment.
Upon allotment, the amount is debited, and shares appear in your Demat account.
You can also apply through trading or investment apps that support UPI-based IPO applications:
Log in to your Demat account or trading account on your broker platform.
Go to the IPO section and select ‘Physicswallah Ltd. IPO’.
Enter the number of lots and your bid price.
Provide your UPI ID linked to your bank.
Approve the UPI mandate (via BHIM, Google Pay, or PhonePe).
Funds will be blocked until allotment and debited if shares are allotted.
Upon allotment, shares are credited to your Demat account.
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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