Edtech unicorn PhysicsWallah (PW), led by Alakh Pandey, made a bumper debut on Dalal Street, listing at over a 30% premium to its IPO price of ₹109.
Strong Listing on NSE & BSE
NSE debut: ₹145 per share — 33.03% premium
BSE debut: ₹143.10 per share — 31.28% premium
This sharp listing surpassed grey market expectations. Ahead of listing, PW’s GMP hovered around ₹14, implying only a 12.8% premium.
PhysicsWallah Share Price Live: Market Movement After Listing
After the strong open, the stock briefly slipped below its listing price, but continued to trade above the issue price.
At 10:09 AM, PW shares traded at ₹146.86, up 1.28% from the listing and 41.60% above the IPO price.
Should You Buy, Sell or Hold PhysicsWallah Stock?
Market experts recommend caution despite the bumper debut.
Ravi Singh, Chief Research Officer, MasterTrust, said:
“Investors who were allotted shares during the IPO should book profits at current levels. The long-term outlook remains weak.”
PhysicsWallah IPO: Key Details
Fundraising: ₹3,480.71 crore
Price band: ₹103–109
IPO subscription: 1.81 times
QIBs: 2.7x
Retail: 1.06x
Non-institutional: 0.48x
PW finalised allotment on November 14, setting the issue price at ₹109 per share.
Where the IPO Funds Will Be Used
According to the RHP:
Major Allocations
₹460.1 crore: Expansion of offline & hybrid learning centres
₹548.3 crore: Lease payments for existing facilities
₹200.1 crore: Server and cloud infrastructure
₹710 crore: Marketing & brand expansion
₹28 crore: Investment in Utkarsh Classes
₹4.2 crore: Funding for Xylem Learning
₹26.5 crore: Additional Utkarsh stake purchase
Balance: Inorganic acquisitions + general corporate purposes
PW’s focus remains on offline expansion, tech infrastructure, and strengthening its edtech ecosystem.
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