Home / Business and Economy / PhysicsWallah's ₹3,480 Crore IPO Draws Marquee Investors Amid Soaring Grey Market Premium
PhysicsWallah's ₹3,480 Crore IPO Draws Marquee Investors Amid Soaring Grey Market Premium
11 Nov
Summary
- PhysicsWallah's IPO raises ₹3,480 crore, with ₹1,562.85 crore from 57 anchor investors
- Grey market premium of ₹3 per share ahead of IPO, but premiums can change rapidly
- Company's sales and EBITDA grew over 90% in the last 3 years, but net loss widened
On November 11, 2025, the ₹3,480-crore initial public offering (IPO) of edtech platform PhysicsWallah opened for subscription in the primary market. The company had raised ₹1,562.85 crore from 57 anchor investors a day earlier, with marquee foreign investors like Capital Group, Goldman Sachs, Fidelity, Abu Dhabi Investment Council, and PineBridge participating.
According to market observers, PhysicsWallah shares were trading at a premium in the grey market ahead of the IPO, with a grey market premium (GMP) of ₹3 per share. However, grey market premiums are indicative and can change rapidly.
