10 Nov 2025 | 5 Mins Read
PhysicsWallah IPO opens tomorrow amid declining GMP
Flipitmoney
PhysicsWallah's IPO, opening for public subscription on November 11, is expected to list tepidly despite investor buzz. The company is raising Rs 3,480 crore at a price band of Rs 103-109 per share. Key risks include dependence on founding members, faculty retention, and market changes. Valuation is considered fairly valued at an EV/Sales multiple of 9.7x.