PhysicsWallah IPO Subscribed 9% on Day 2; GMP Indicates Tepid Listing
When the PhysicsWallah IPO opened on November 11, 2025, it carried a big headline. We saw the price band set at ₹103–₹109 per share and the company hoping to raise around ₹3,480 crore. By Day 2, subscriptions remained low, only about 9 % of the issue had been bid for. At the same time, the grey‑market premium (GMP), which…