When does PhysicsWallah IPO subscription close?

PhysicsWallah IPO subscription closes on 2025-11-13.

PWLEQ / NSE, BSEListed

PhysicsWallah

The company is a leading EdTech platform offering online, offline, and hybrid test preparation for exams like JEE, NEET, and UPSC, along with upskilling courses in Data Science, Finance, and Software Development. As of July 15, 2025, it had 13.7 million YouTube subscribers, 4.13 million online transacting users, and 0.33 million offline enrolled students, totaling 4.46 million paid users with a CAGR of 59.19% from FY23 to FY25. It operates 198 tech-enabled hybrid centers, has 5,096 faculty members, and employs 15,775 people. The company has published 3,582 books and ranks among the top five EdTech firms in India by revenue. IPO proceeds will primarily be used for expanding offline and hybrid centers (₹1,056 crore), upgrading server and cloud infrastructure (₹200 crore), marketing (₹710 crore), acquisitions and investments (₹107 crore), and other corporate purposes.

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₹103 - ₹1091.91x sub

Listed Price₹145.00

Listing Gain+33.03%

PWLEQ / NSE, BSEListed

PhysicsWallah IPO Subscription

Q: What is the live subscription status of PhysicsWallah IPO?

PhysicsWallah IPO has been subscribed 1.91x overall across Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Individual Investors.

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Price Band₹103 - ₹109

Lot Size137 shares

Min Bid₹14,933

Subscription1.91x

Listed Market Snapshot

₹145.00Listed price from market data

+33.03%listing gain

Issue Amount

₹3,480 Cr

Listed Price

₹145.00

Current Price

₹130.02

Registrar

Link Intime India Private Limited

Subscription Status

1.91xTotal Demand

Updated 20 Oct 2026, 01:30 AM

QIB2.86x

Fully Subscribed (Safe)Offered: 9,55,38,505 sh

Nib0.51x

Steady / DevelopingOffered: 4,77,83,848 sh

Hnis(10l +)0.58x

Steady / DevelopingOffered: 3,18,55,898 sh

Hnis (2-10l)0.37x

Steady / DevelopingOffered: 1,59,27,949 sh

Retail1.12x

Fully Subscribed (Safe)Offered: 3,18,55,898 sh

Employees3.71x

Popular / Warm DemandOffered: 7,07,071 sh

Category	Offered (Shares)	Applied (Shares)	Times Subscribed
QIB	9,55,38,505	27,35,75,848	2.86x
Nib	4,77,83,848	2,44,24,223	0.51x
Hnis(10l +)	3,18,55,898	1,85,67,610	0.58x
Hnis (2-10l)	1,59,27,949	58,56,613	0.37x
Retail	3,18,55,898	3,56,00,272	1.12x
Employees	7,07,071	26,26,701	3.71x

Category	Offered	Applied	Times
QIB	9,55,38,505	27,35,75,848	2.86x
Nib	4,77,83,848	2,44,24,223	0.51x
Hnis(10l +)	3,18,55,898	1,85,67,610	0.58x
Hnis (2-10l)	1,59,27,949	58,56,613	0.37x
Retail	3,18,55,898	3,56,00,272	1.12x
Employees	7,07,071	26,26,701	3.71x

Segment Subscription Demand

Segment / Category	Demand (Shares)	Offered (Shares)	Times Sub.
QIB	2,981.98	1,041.37	2.86x
Fiis	941.19	0	Open
Fis	155	0	Open
Mutual Funds	1,747.28	0	Open
Others	138.51	0	Open
Retail	388.04	347.23	1.12x
Hnis 2+	63.84	173.61	0.37x
Hnis 10+	202.39	347.23	0.58x
Employees	28.63	7.71	3.71x

Application-wise Breakup

Category	Reserved	Applied	Times Sub.
Retail	2,32,525	1,96,535	0.85x
Employees	0	8,595	Open
Hnis(10l +)	16,609	1,218	0.07x
Hnis (2-10l)	8,304	2,524	0.30x

Bidding status cross-verified with live IPO subscription numbers ↗BSE & NSE Bidding Portal Feed

About PhysicsWallah IPO Subscription Demand

Live subscription status and bidding analysis for PhysicsWallah (PWL) IPO. The issue is subscribed 1.91x overall across Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII/HNI), and Retail Individual Investors (RII). Check real-time grey market demand on our GMP Tracker or review full issue details, lot size, and price band on the IPO Details Page.