PhysicsWallah IPO Opens Today: Issue Subscribed Over 0.13x By Retail Investors; What IPO GMP Today Indicates?

PhysicsWallah IPO: PhysicsWallah's Initial Public Offering (IPO) opened for subscription on Tuesday, November 11. The issue is targeting to raise an estimated Rs 3,480 crore through a combination of fresh issue and offer for sale (OFS).

PhysicsWallah IPO Grey Market Premium (GMP) stood at Rs 3 on Tuesday, according to Chittorgarh.com. Here are all the details about PhysicsWallah IPO subscription and other details.

PhysicsWallah IPO Subscription Status

PhysicsWallah IPO has been subscribed around 0.03 times till now, as per Chittorgarh.com at 11 am. The public issue has been subscribed to around 0.13 times in the retail category, 0.03 times in the QIB category, ie ex-Anchor, and 0.01 times in the NII category by 11 November.

The pure-play edtech platform's IPO will open for subscription on Tuesday and will conclude on Thursday.

PhysicsWallah IPO Issue Size, Price Band, Other Details

PhysicsWallah IPO is a book build issue of Rs 3,480 crores. It is a combination of fresh issue of 28.44 crore shares aggregating to Rs 3,100 crore. The IPO includes an offer for sale of 3.49 crore shares aggregating to Rs 380 crores. The company has fixed a price band at Rs 103 to Rs 109 per share.

The lot size for an application is 137, which means that the minimum amount of investment required by retail is Rs 14,933 crore. Whereas, the lot size investment for sNII is 14 lots, equivalent to Rs 2,09,062 and a bNII of 67 lots, amounting to Rs 10,00,511.
PhysicsWallah

IPO GMP Today

The IPO's GMP stood at Rs 3, hence the company has an estimated listing price at Rs 112 per share (which is the sum of IPO GMP and upper price band). The expected percentage gain or loss per share for the IPO is nearly 2.75%.

Considering the record of IPO GMPs in past few days, PhysicsWallah IPO GMP is currently hovering at its lowest price of Rs 3, whereas its highest GMP was Rs 9.

PhysicsWallah IPO: Key Details

The IPO has a book build issue of Rs 3,480 crores. The IPO will conclude on November 13. Whereas its allot,ent status is likely to be finalised on November 14 this week. The IPO will likely be listed on BSE and NSE on November 18.

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