What is the Physics Wallah IPO?

The Physics Wallah IPO is the initial public offering of shares for the edtech unicorn Physics Wallah, which is set to debut on the BSE and NSE exchanges.

How did the Physics Wallah IPO perform?

The Physics Wallah IPO was subscribed 1.81 times, with strong demand from institutional investors and employees, but a weak response from high-net-worth individuals.

Which investors showed the most interest in the Physics Wallah IPO?

The Qualified Institutional Buyers (QIB) category was the most oversubscribed, subscribing 2.7 times, with most interest coming from mutual funds and foreign institutional investors.

Home / Business and Economy / Physics Wallah IPO Debuts on Indian Exchanges, Sees Mixed Investor Response

Physics Wallah IPO Debuts on Indian Exchanges, Sees Mixed Investor Response

18 Nov

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Summary

Physics Wallah IPO subscribed 1.81 times by November 13
QIB category oversubscribed 2.7 times, led by mutual funds and FIIs
Retail category marginally oversubscribed at 1.06 times

Physics Wallah IPO Debuts on Indian Exchanges, Sees Mixed Investor Response

On November 18, 2025, the shares of edtech unicorn Physics Wallah will make their debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The company's initial public offering (IPO) was subscribed 1.81 times by November 13, at 7 pm.

The Qualified Institutional Buyers (QIB) category was in high demand, subscribing 2.7 times with most interest coming from mutual funds and foreign institutional investors. In contrast, the Non-Institutional Investor (NII) category saw muted interest, subscribing only 0.48 times. However, the retail category witnessed steady interest and was marginally oversubscribed at 1.06 times. The employees' quota received the best response with a subscription rate of 3.49 times.