PhysicsWallah IPO: Shares Soar on Stock Market Debut

PhysicsWallah, the renowned EdTech platform founded by Alakh Pandey, has made a remarkable entry into the stock market on November 18. After a successful initial public offering (IPO) that attracted significant investor interest, the company’s shares made their debut at a substantial premium.

The IPO, which was open for bidding from November 11 to November 13, was priced between ₹103 and ₹109 per share. Upon listing, the shares opened at ₹145 on the NSE, reflecting a remarkable 33.03% increase from the issue price. Meanwhile, on the BSE, the shares opened at ₹143.10, representing a 32.02% rise.

This impressive debut showcases the growing interest in educational technology in India, highlighting the potential for innovative startups to thrive in the competitive market. The allotments for the IPO were announced on November 14, allowing early investors to capitalize on their investments.

Investors who received allotments were particularly pleased, as each lot consisted of 137 shares, yielding profits of approximately ₹19,865 per lot. This surge in share price not only signifies investor confidence in the company but also underscores the rising demand for quality education solutions in the country.

As India's EdTech sector continues to expand, PhysicsWallah’s successful IPO serves as a testament to the increasing reliance on technology for educational purposes. With institutions like PhysicsWallah leading the charge, the future of learning in India looks promising.

Kotak Mahindra Capital Co. Ltd. was the book-running lead manager for this IPO, while MUFG Intime India Pvt Ltd served as the registrar. The successful listing of PhysicsWallah shares is anticipated to inspire more startups in the EdTech space to consider going public in the future.