PhysicsWallah Makes Spectacular Market Debut; Shares List at 33% Premium on NSE 

Indian edtech unicorn PhysicsWallah made a blockbuster debut on the stock market today, with its shares listing at a 33% premium over the issue price. The shares of PhysicsWallah opened at ₹145 on NSE and ₹143.10 on BSE, representing a 33% and 31% premium over the IPO’s upper price band of ₹109, respectively. 

About PhysicsWallah IPO

The company raised ₹3,480 crore through its initial public offering, structured as a ₹3,100 crore fresh issue and ₹380 crore via an Offer for Sale (OFS) by its founders. 

The IPO was priced at ₹103–₹109 per share and saw an overall subscription of 1.81 times. 

Book-running lead managers for the IPO were Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, and Goldman Sachs (India) Securities Private Limited. 

PhysicsWallah’s IPO proceeds will be used to fund capital expenditure towards fit-outs of company’s new offline and hybrid centers, lease payments of existing identified offline and hybrid centers, server and cloud-related infrastructure costs, marketing initiatives, invest in subsidiaries Xylem Learning Private Limited and Utkarsh Classes & Edutech Private Limited, fund inorganic growth through unidentified acquisitions, acquisition of additional shareholding in the subsidiary, Utkarsh Classes & Edutech Private Limited, and general corporate purposes

PhysicsWallah Company Overview

Founded by Alakh Pandey, PhysicsWallah has grown from a YouTube channel into a national education platform with a mix of online, offline, and hybrid learning models. The company is among the top five education companies by revenue in India and is one of the fastest-growing companies in terms of revenue growth from FY 2023 to FY 2025. 

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory. 

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