Physicswallah
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 18 Nov 2025 | ₹14 | +12.84% | ₹1,500 | ₹123 | ₹1,918 |
| 17 Nov 2025 | ₹14 | +12.84% | ₹1,500 | ₹123 | ₹1,918 |
| 16 Nov 2025 | ₹9 | +8.26% | ₹900 | ₹118 | ₹1,233 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- IPO date
- 11 Nov 2025 – 13 Nov 2025
- Listing date
- 18 Nov 2025
- Face value
- ₹1 per share
- Issue price
- ₹109 per share
- Lot size
- 137 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹3,480 Cr
- Market cap at offer price
- ₹31,527 Cr
- Promoter holding
- 81.64% → 71.48% pre-issue → post-issue
- ISIN
- INE0LP301011
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- Kotak Mahindra Capital Co.Ltd.
- Registered office
- B 8, Block B, Industrial Area, Sector 62, Uttar Pradesh
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 14,33,80,733 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 137 shares per lot, in multiples, at ₹109
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 137 | ₹14,933 |
| Retail (max) | 13 | 1,781 | ₹1,94,129 |
| S-HNI (min) | 14 | 1,918 | ₹2,09,062 |
| S-HNI (max) | 66 | 9,042 | ₹9,85,578 |
| B-HNI (min) | 67 | 9,179 | ₹10,00,511 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹109 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | -0.93 | -1.76 |
| Price to book (×) | 14.10 | — |
| Market cap | — | ₹31,527 Cr |
No price-to-earnings multiple is shown: the company reported a loss, and an earnings multiple struck on negative earnings would read as a cheap valuation while meaning the opposite.
Key performance indicators
Latest reported period
- Return on net worth
- -12.50%
- PAT margin
- -8.43%
- EBITDA margin
- 6.69%
- NAV per share
- ₹7.73
- Price to book
- 14.10
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.