PhysicsWallah IPO Sees Steady Demand, Subscribed 1.92x on Day 3

PhysicsWallah Limited's initial public offering (IPO) has witnessed consistent investor participation through its third day of subscription. The stock price band is set at ₹103-₹109 per share. The ₹3,480.00 crore IPO reached 1.92 times by 5:24:38 PM on day three.

PhysicsWallah IPO Qualified Institutional Buyers (QIBs) led with strong 2.86 times subscription. Individual investors followed with 1.14 times, while Non-Institutional Investors subscribed 0.51 times. 

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

PhysicsWallah IPO subscription reached 1.92 times on day three. It was led by QIB (Ex Anchor) (2.86x), followed by Retail Investors (1.14x), and Employee category (3.71x). 

Subscription Status of PhysicsWallah IPO:

Here are the subscription details for PhysicsWallah IPO as of Day 3 (November 13, 2025, 5:24:38 PM):

Key Highlights – Day 3:

• Overall subscription reached 1.92 times, showing significant improvement from day two's 0.14 times.
• Qualified institutional buyers (ex-anchor) led with 2.86 times, indicating strong institutional participation.
• Retail investors displayed healthy confidence at 1.14 times, improving from 0.63 times on day two.
• Employee segment remained strong at 3.71 times, reflecting consistent internal investor interest.

PhysicsWallah IPO - Day 2 Subscription at 0.14 Times

Key Highlights – Day 2:

• Overall subscription reached 0.14 times, showing modest improvement from day one's 0.08 times.
• Retail segment strengthened to 0.63 times, reflecting improving investor sentiment.
• Non-Institutional Investors subscribed 0.06 times, while QIB bids were yet to begin.

PhysicsWallah IPO - Day 1 Subscription at 0.08 Times

Key Highlights - Day 1:

• Overall subscription opened at 0.08 times, indicating early interest from select categories.
• Retail investors subscribed 0.36 times, showing initial participation.
• Non-Institutional Investors subscribed 0.03 times, while QIB category saw no bids.
• Employee segment subscribed 1.18 times, indicating consistent early support.

About PhysicsWallah Limited

PhysicsWallah Limited is an edtech company offering test preparation courses for various competitive examinations such as JEE, NEET, UPSC, and upskilling programs in data science, banking, and finance. The company operates both online and through technology-enabled offline and hybrid centers. With over 13.7 million YouTube subscribers and 303 offline centers across India as of June 30, 2025, PhysicsWallah ranks among the top five edtech firms in India by revenue.