Gujarat Kidney IPO vs PhysicsWallah IPO

Comparison between Gujarat Kidney IPO and PhysicsWallah IPO.

IPO Details

Gujarat Kidney IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while PhysicsWallah IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Gujarat Kidney IPO is up to ₹250.80 Cr whereas the issue size of the PhysicsWallah IPO is up to ₹3,480.00 Cr. The final issue price of Gujarat Kidney IPO is ₹114.00 per share and of PhysicsWallah IPO is ₹109.00 per share.

 Gujarat Kidney IPOPhysicsWallah IPO
Face Value₹2 per share₹1 per share
Issue Price (Lower)₹108.00 per share₹103.00 per share
Issue Price (Upper)₹114.00 per share₹109.00 per share
Issue Price (Final)₹114.00 per share₹109.00 per share
Discount (Retail)
Discount (Employee)₹10.00 per share
Market Lot Size128 shares137 shares
Fresh Issue Size2,20,00,000 shares28,44,68,537 shares
Fresh Issue Size (Amount)up to ₹250.80 Crup to ₹3,100.08 Cr
OFS Issue Size0 shares3,48,62,384 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹379.92 Cr
Issue Size Total2,20,00,000 shares31,93,30,921 shares
Issue Size Total (Amount)up to ₹250.80 Crup to ₹3,480.00 Cr

IPO Timetable

Gujarat Kidney IPO opens on Dec 22, 2025, while PhysicsWallah IPO opens on Nov 11, 2025. The closing date of Gujarat Kidney IPO and PhysicsWallah IPO is Dec 24, 2025, and Nov 13, 2025, respectively.

 Gujarat Kidney IPOPhysicsWallah IPO
Anchor Bid DateDec 19, 2025Nov 10, 2025
Issue OpenDec 22, 2025Nov 11, 2025
Issue CloseDec 24, 2025Nov 13, 2025
Basis Of Allotment (Tentative)Dec 26, 2025Nov 14, 2025
Initiation of Refunds (Tentative)Dec 29, 2025Nov 17, 2025
Credit of Share (Tentative)Dec 29, 2025Nov 17, 2025
Listing date (Tentative)Dec 30, 2025Nov 18, 2025
Anchor Lockin End date 1Jan 24, 2026Dec 13, 2025
Anchor Lockin End date 2Mar 25, 2026Feb 11, 2026

Financials & KPIs

Gujarat Kidney IPO P/E ratio is 61.62, as compared to PhysicsWallah IPO P/E ratio of -116.86.

 Gujarat Kidney IPOPhysicsWallah IPO
Financials

Company Financials (Restated Consolidated)

Gujarat Kidney & Super Speciality Ltd.'s revenue increased by 637% and profit after tax (PAT) rose by 454% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets61.5955.3420.533.87
Total Income15.2740.405.480.00
Profit After Tax5.409.501.71-0.01
EBITDA8.6316.551.95-0.01
NET Worth30.5625.7110.800.37
Reserves and Surplus19.4214.5710.600.17
Total Borrowing4.033.881.94
Amount in ₹ Crore

Company Financials (Restated Consolidated)

PhysicsWallah Ltd.'s revenue increased by 51% and profit after tax (PAT) rose by 78% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets5,075.674,156.382,480.742,082.18
Total Income905.413,039.092,015.35772.54
Profit After Tax-127.01-243.26-1,131.13-84.08
EBITDA-21.22193.20-829.3513.86
NET Worth1,867.921,945.37-861.7962.29
Reserves and Surplus787.92467.06-1,254.74-187.65
Total Borrowing1.550.331,687.40956.15
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.181.64
Promoter Shareholding (Post-Issue)71.4571.48
P/E Ratio61.62-116.86
Market Cap₹898.81 Cr.₹31526.73 Cr.
ROE36.61%
ROCE37.65%
Debt/Equity0.15
EPS₹1.85₹-0.93
RoNW36.61%-12.50%

Shares Offered

In the Gujarat Kidney IPO Retail Individual Investors (RII) are offered 22,00,000 shares while in PhysicsWallah IPO retail investors are offered 22,00,000 shares. Qualified Institutional Buyers (QIB) are offered 77,26,880 shares in Gujarat Kidney IPO and 9,55,87,156 shares in PhysicsWallah IPO.

 Gujarat Kidney IPOPhysicsWallah IPO
Anchor Investor Reservation87,73,120 shares14,33,80,733 shares
Market Maker Reservation0 shares0 shares
QIB77,26,880 shares9,55,87,156 shares
NII33,00,000 shares4,77,93,577 shares
RII22,00,000 shares3,18,62,385 shares
Employee0 shares7,07,070 shares
Others
Total2,20,00,000 shares31,93,30,921 shares

Bids Received (Subscription)

Gujarat Kidney IPO subscribed 5.21x in total, whereas PhysicsWallah IPO subscribed 1.92x.

 Gujarat Kidney IPOPhysicsWallah IPO
QIB (times)1.06x2.86x
NII (times)5.73x0.51x
Big NII (times)5.25x0.58x
Small NII (times)6.68x0.37x
RII (times)19.04x1.14x
Employee (times)3.71x
Other (times)
Total (times)5.21x1.92x

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Gujarat Kidney IPO Vs PhysicsWallah IPO