PhysicsWallah Makes Impressive Market Debut, Lists 33% Above IPO Price on NSE
The ed-tech company lists strongly, beating the grey market expectations, drawing solid interest from investors.
A powerful start for one of India’s fastest growing ed-tech brands
PhysicsWallah made a strong entry into the stock market as shares opened at ₹ 145 on the NSE, returning a 33% premium against the issue price of ₹ 103-109. On the BSE, the stock was listed at ₹ 143.10, showcasing a premium of more than 31%. The strong debut surpassed market expectations and underlined the pent-up demand for the IPO.
The IPO itself had seen healthy subscription levels with investors betting on the growth potential of the company. Post listing, PhysicsWallah market valuation soared to almost ₹ 41,000 crore- a milestone of sorts for the edtech startup which began operations with online classes and expanded rapidly into hybrid learning.
While revenue is growing fast—from ₹772 crore in FY23 to over ₹3,000 crore in FY25—the company is still working toward profitability, having accumulated losses over the last three financial years. Proceeds from the IPO will be utilized for expanding offline centres, strengthening technology platforms, and increasing marketing initiatives to reach more people.
According to market experts, the stock, given its aggressive expansion strategy, has promising long-term prospects. However, they also say that sustainable profitability will be a key factor for future performance. While listing gains benefit early investors, long-term returns depend on how effectively the company scales and controls its costs.
