Comparison between PhysicsWallah IPO and Swastika Infra IPO.
PhysicsWallah IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Swastika Infra IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of PhysicsWallah IPO is up to ₹3,480.00 Cr whereas the issue size of the Swastika Infra IPO is up to ₹0.00 Cr. The final issue price of PhysicsWallah IPO is ₹109.00 per share and of Swastika Infra IPO is .
| PhysicsWallah IPO | Swastika Infra IPO | |
|---|---|---|
| Face Value | ₹1 per share | ₹10 per share |
| Issue Price (Lower) | ₹103.00 per share | |
| Issue Price (Upper) | ₹109.00 per share | |
| Issue Price (Final) | ₹109.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ₹10.00 per share | |
| Market Lot Size | 137 shares | |
| Fresh Issue Size | 28,44,68,537 shares | 0 shares |
| Fresh Issue Size (Amount) | up to ₹3,100.08 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 3,48,62,384 shares | 19,20,000 shares |
| OFS Issue Size (Amount) | up to ₹379.92 Cr | up to ₹0.00 Cr |
| Issue Size Total | 31,93,30,921 shares | 0 shares |
| Issue Size Total (Amount) | up to ₹3,480.00 Cr | up to ₹0.00 Cr |
PhysicsWallah IPO opens on Nov 11, 2025, while Swastika Infra IPO opens on . The closing date of PhysicsWallah IPO and Swastika Infra IPO is Nov 13, 2025, and , respectively.
| PhysicsWallah IPO | Swastika Infra IPO | |
|---|---|---|
| Anchor Bid Date | Nov 10, 2025 | |
| Issue Open | Nov 11, 2025 | |
| Issue Close | Nov 13, 2025 | |
| Basis Of Allotment (Tentative) | Nov 14, 2025 | |
| Initiation of Refunds (Tentative) | Nov 17, 2025 | |
| Credit of Share (Tentative) | Nov 17, 2025 | |
| Listing date (Tentative) | Nov 18, 2025 | |
| Anchor Lockin End date 1 | Dec 13, 2025 | |
| Anchor Lockin End date 2 | Feb 11, 2026 |
PhysicsWallah IPO P/E ratio is -116.86, as compared to Swastika Infra IPO P/E ratio of .
| PhysicsWallah IPO | Swastika Infra IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | 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.
| Company Financials (Restated Consolidated)
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| Promoter Shareholding (Pre-Issue) | 81.64 | 84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | -116.86 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹31526.73 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 25.15% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.88 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹-0.93 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | -12.50% | 32.84% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the PhysicsWallah IPO Retail Individual Investors (RII) are offered 3,18,62,385 shares while in Swastika Infra IPO retail investors are offered 3,18,62,385 shares. Qualified Institutional Buyers (QIB) are offered 9,55,87,156 shares in PhysicsWallah IPO and in Swastika Infra IPO.
| PhysicsWallah IPO | Swastika Infra IPO | |
|---|---|---|
| Anchor Investor Reservation | 14,33,80,733 shares | |
| Market Maker Reservation | 0 shares | |
| QIB | 9,55,87,156 shares | |
| NII | 4,77,93,577 shares | |
| RII | 3,18,62,385 shares | |
| Employee | 7,07,070 shares | |
| Others | ||
| Total | 31,93,30,921 shares |
PhysicsWallah IPO subscribed 1.92x in total, whereas Swastika Infra IPO subscribed .
| PhysicsWallah IPO | Swastika Infra IPO | |
|---|---|---|
| QIB (times) | 2.86x | |
| NII (times) | 0.51x | |
| Big NII (times) | 0.58x | |
| Small NII (times) | 0.37x | |
| RII (times) | 1.14x | |
| Employee (times) | 3.71x | |
| Other (times) | ||
| Total (times) | 1.92x |
