The Physicswallah IPO, one of 2025’s most awaited public issues, has ignited active interest in the grey market with fluctuating GMP (Grey Market Premium) rates.
As of November 11, 2025, the Physicswallah IPO GMP is ₹3 per share, reflecting early cautious optimism among traders.
With a price band fixed between ₹103 and ₹109, the expected listing price is around ₹112, implying a potential listing gain of approximately 2.75%.
Physicswallah IPO GMP Today Trend
| Date | IPO Price | GMP (₹) 🔼🔻 | Subject to Sauda Rates (₹) | Estimated Listing Price (₹) | Estimated Gain/Loss |
|---|---|---|---|---|---|
| 11-11-2025 07:00 | 109 | 🔻 | 300/4200 | 112 | 2.75% |
| 10-11-2025 23:30 | 109 | 🔻 | 300 / 4200 | 112 | 2.75% |
| 09-11-2025 23:30 | 109 | 🔻 | 400 /5600 | 113 | 3.67% |
| 08-11-2025 23:30 | 109 | ➡ | 400 / 5600 | 113 | 3.67% |
| Nov 7, 2025, 16:00 | 109 | 4 | Retail: 500 / Small HNI: 700 | 114 | +4.59% |
| Nov 6, 2025 | 109.00 | 5 | Retail: 500 / Small HNI: 7000 | 114 | +4.59% |
| Nov 5, 2025 | 109.00 | 9 | – | 118 | +8.26% |
This trend highlights the fluctuating grey market sentiment as the IPO subscription dates approach.
What is Physicswallah IPO GMP?
Physicswallah IPO GMP (Grey Market Premium) represents the unofficial price at which the IPO shares are traded before they are listed on the stock exchanges.
Physicswallah IPO Important Dates & Timeline
- IPO Opening Date: November 11, 2025
- IPO Closing Date: November 13, 2025
- Basis of Allotment Finalisation: November 14, 2025
- Refund Initiation: November 17, 2025
- Credit to Demat Account: November 17, 2025
- Listing Date on BSE & NSE: November 18, 2025
- UPI Mandate Cut-off Time: 5 PM on November 13, 2025
Should You Subscribe to Physicswallah IPO?
Given the company’s strong market position in the Indian ed-tech sector, backed by a robust YouTube subscriber base of over 13.7 million and a hybrid learning model, many investors are optimistic. However, cautious consideration is necessary around grey market speculation, valuation, and sector competitiveness before subscribing.
