Physicswallah
MAINBOARD
Listed
Price Band
₹103 - ₹109
Lot Size
137 Shares
Issue Size
₹3,100.00 Cr
Fresh Issue
₹2,170.00 Cr
OFS
₹930.00 Cr
Registrar
MUFG Intime India Private Limited
AI Sentiment Score
Listing Price
₹145.00
vs Issue: ₹109 (+33.03%)
📅 IPO Timeline
✓
Open
Nov 11, 2025
✓
Close
Nov 13, 2025
✓
Allotment
Nov 14, 2025
✓
Refund
Nov 17, 2025
✓
Demat
Nov 17, 2025
✓
Listing
Nov 18, 2025
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
Physicswallah displays an established operational footprint with expanding revenue streams (73.7% CAGR) and a defensible value proposition.
💪 Strengths
- Demonstrated operational revenue trajectory with resilient top-line growth (73.7% CAGR).
- Established customer relationships and market position across target industry sectors.
- Sound operational capital returns with Return on Capital Employed (ROCE) at 3.99%.
⚠️ Weaknesses
- Exposure to input cost fluctuations and broader macroeconomic supply chain cycles.
- Working capital requirements to support continuous capacity expansion.
- Competitive landscape from both established incumbents and specialized regional players.
🚀 Opportunities
- Industry tailwinds from rising domestic capex and infrastructure spending.
- Operating leverage potential allowing margin expansion as manufacturing utilization rises.
- Geographic diversification and entry into higher-margin specialized product lines.
🛡️ Threats
- Sectoral regulatory shifts and evolving statutory compliance requirements.
- Aggressive pricing actions by domestic competitors impacting gross margins.
- Broader market equity volatility and liquidity fluctuations.
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue (₹ Cr) | Rs 744.00 Cr | Rs 1,940.00 Cr | Rs 2,887.00 Cr | Rs 3,900.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs -84.00 Cr | Rs -1,131.00 Cr | Rs -243.00 Cr | Rs -24.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs -22.00 Cr | Rs -975.00 Cr | Rs 73.00 Cr | Rs 370.00 Cr |
| Borrowings (₹ Cr) | Rs 956.00 Cr | Rs 1,687.00 Cr | Rs 1,831.00 Cr | Rs 1,876.00 Cr |
| Total Assets (₹ Cr) | Rs 2,080.00 Cr | Rs 2,481.00 Cr | Rs 4,168.00 Cr | Rs 7,697.00 Cr |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 3.99% | 3.99% | 3.99% | 3.99% |
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 |
Company P/E
625.0x
Industry P/E
718.8x
Debt/Equity
0.51
⚖️ Valuation Benchmark Range
🟢 Attractively Priced vs Industry Peers
Industry 718.8x
IPO 625.0x
0x (Deep Value)
970x (High Multiple)
📋 Live Subscription Status
QIB
2.70x
NII
0.55x
Retail
1.06x
Total
1.81x
🎯 Retail Allotment Probability
94.3% Odds
1 in 1.1 chance (~94.3% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Sep 12, 2026 2:34 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹3,100.0 Cr
Issue Size
Fresh (70%)
OFS (30%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
🔗 Important Links & Lead Managers
- SEBI Filings (DRHP)View on SEBI →
- SEBI Filings (RHP)View on SEBI →
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.