Physicswallah Share Price Live: Physicswallah makes spectacular debut on D-street - should you sell, hold or buy?

Speaking about PhysicsWallah's fundamentals, several market experts voiced caution. "As of now, the issue appears overpriced. Whether it becomes a solid long-term bet will only be known with time. What truly matters is how the company performs once it starts declaring quarterly results. You must understand-selling an issue, hinting at future potential, and leaning on past performance is far easier before listing. Once a stock hits the market, there's nowhere to hide," said market veteran Arun Kejriwal.

The shares of PhysicsWallah jumped further to its day's high after making a strong market debut on November 18, significantly beating grey market expectations. However, the stock then saw partial profit booking, erasing some intraday gains. The shares of the company listed at 145 apiece on NSE, marking a premium of more than 33 percent from the IPO price of Rs 109 apiece. The stock then jumped nearly 12 percent since listing to hit its day's high at Rs 161.99 apiece so far. This marked a rise of around 49 percent higher from the IPO price. (Read More)

The company reported positive operating cash flow of Rs 507 crore in FY25, reflecting stronger financial discipline. Free cash flow stood at Rs 340 crore, while the operating margin improved to 6.7%. These indicators suggest that the company is gradually shifting from rapid expansion to a more stable operating model.

The shares of Workmates Core2Cloud Solution made a bumper debut on stock markets on November 18, listing at Rs 387.60 apiece on the BSE SME platform. This marks a premium of 90 percent over the IPO price of Rs 204 apiece. During the debut, the market capitalization of the company stood at over Rs 500 crore. (Read More)

PhysicsWallah shares made a decent stock market debut to list at over 33 percent premium over its initial public offering (IPO) price on Tuesday after the issue drew nearly 2 times subscription between November 11-13 in the primary market. (Read More)

Physicswallah CEO Alakh Pandey says that the listing is significant milestone in company's journey. However, the bigger battle is to bring more and more talented students across India in the learning ambit and make education a true universal feature.

PhysicsWallah's pre-open indication on the BSE showed the stock at Rs 120.00, unchanged at 0.00%, with an indicative gain of Rs 11.00 (+10.09%) ahead of its market debut.

PW's key competitors include Byju's, Unacademy, Vedantu, and Gradeup. However, the platform differentiates itself through its focus on affordability and its use of vernacular languages. These strengths have enabled it to reach students who may not be able to afford higher-priced courses offered elsewhere.

PhysicsWallah (PW) began in 2014 when founder Alakh Pandey started uploading free physics lessons on YouTube for students preparing for JEE, NEET, and school board exams. What started as a modest educational channel gradually built a strong following, particularly among learners seeking affordable academic support.

Four high-profile startups — eyewear retailer Lenskart Solutions, investment platform Groww’s parent Billionbrains Garage Ventures, edtech firm PhysicsWallah and fintech company Pine Labs — together shelled out Rs 474 crore in merchant banking fees for their recently launched initial public offerings, according to disclosures in their red herring prospectuses. (Read More)

Physicswallah Share Price Live: How can I watch PhysicsWallah’s IPO listing ceremony live? Check direct link

“PhysicsWallah’s IPO marks a pivotal moment for India’s edtech sector, reflecting a shift from digital popularity to institutional scale. The company’s revenue has surged from Rs 772 crore in FY23 to over Rs 3,000 crore in FY25, underscoring strong top-line traction and brand stickiness in a competitive market. However, profitability remains a challenge, with cumulative losses crossing Rs 1,400 crore between FY23 and FY25. With negative earnings and a demanding valuation multiple, the IPO is essentially a bet on long-term execution rather than near-term returns,” said Bhavik Joshi, Business Head, INVasset PMS.

PhysicsWallah's pre-open trade on the BSE ahead of its listing showed the stock at Rs 112.00, unchanged at 0.00%, with an indicative gain of Rs 3.00 (+2.75%) in the pre-open session.

Rs 710 crore for marketing to enhance brand visibility.

Rs 548 crore for lease payments for new offline and hybrid centres.

Rs 460 crore towards capital expenditure, including classroom equipment and infrastructure.

Rs 471 crore for investment in subsidiary Xylem Learning Pvt. Ltd.

Additional funds earmarked for acquisitions, platform enhancements, and general corporate purposes.

The scrip will be included in the Special Pre-open Session (SPOS) on Tuesday, November 18, 2025, and will be available for trading from 10:00 a.m.

“Trading Members of the Exchange are hereby informed that effective from Tuesday, November 18, 2025, the equity shares of Physicswallah Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities,” said a notice on the BSE.

The edtech major PhysicsWallah offers test preparation courses for various competitive examinations such as JEE, NEET, UPSC, and others, along with upskilling programmes in areas like data science and analytics, banking and finance, software development, and more.

With the recent uptick in GMP, PhysicsWallah shares could still register a modest listing gain of around 9%. However, the real test begins after debut. Analysts point to mixed sentiment, moderate subscription demand and ongoing financial fluctuations as indicators that the stock's post-listing journey may be uneven. The company's roadmap-execution discipline, profitability consistency and sustained growth across offline and online channels-will be crucial in determining its long-term trajectory.

In FY25, the company posted 51% year-on-year revenue growth, reaching Rs 3,039 crore. It also achieved a significant turnaround by reporting a net profit of Rs 243 crore, compared to a Rs 1,131 crore loss in FY24. The company's EBITDA margin for the year stood at 6.7%.

Founded by Alakh Pandey and Prateek Boob, PhysicsWallah has grown from a single YouTube channel into one of India's most influential edtech communities. As of June 2025, the platform has 13.7 million subscribers, 4.46 million paid users and a network of 303 physical learning centres nationwide.

Physicswallah, Emmvee Photovoltaic, Emcure Pharma, WPIL, 5paisa Capital, AstraZeneca, Indokem in focus on 18 November (Read More)

According to the latest update from InvestorGain.com, the last recorded GMP for the PhysicsWallah IPO is Rs 14 as of November 18, 2025, 05:55 AM. Based on the upper price band of Rs 109, the estimated listing price stands at around Rs 123 (cap price plus the latest GMP). This implies an expected per-share gain of approximately 12.84%.

Shravan Shetty, Managing Director at Primus Partners, said the company has significant scale potential but faces stiff competition from major edtech players such as Unacademy and Byju's. He added that valuations remain elevated and future growth will depend heavily on execution strength and the company's ability to retain top teaching talent.

He added that investors with a higher risk appetite and a long-term outlook may opt for limited participation in the IPO. More conservative investors, however, may prefer to wait until the company shows consistent profitability.

Joshi noted that the company's valuation and loss pattern position the IPO as a long-term execution play. He said that while the funds raised will support offline expansion, technology upgrades and marketing efforts, the timeline for improving operational performance will be critical.

Bhavik Joshi, Business Head at INVasset PMS, highlighted that PhysicsWallah's revenue increased sharply from Rs 772 crore in FY23 to over Rs 3,000 crore in FY25, signalling robust growth. However, he pointed out that cumulative losses exceeding Rs 1,400 crore during FY23-FY25 indicate ongoing pressure on profitability.

He added that the company plans to expand its course portfolio and introduce new categories in multiple Indian languages. Solanki advised long-term investors to hold their positions, while others may opt for partial profit-booking and retain some shares for future gains.

Solanki noted that PhysicsWallah aims to grow its student base by offering free content across platforms and converting users into paying subscribers through improved technology, targeted marketing and expert-led learning modules.

Narendra Solanki, Head of Fundamental Research - Investment Services at Anand Rathi Shares and Stock Brokers, said the company is valued at 10.8 times its FY25 price-to-sales ratio at the upper price band. This implies a post-issue market capitalisation of about Rs 3,117 crore.

The edtech company's Rs 3,480-crore IPO, open from November 11 to 13, received nearly two times subscription, reflecting solid investor interest.

PhysicsWallah will be listed on the stock exchanges today, November 18. Analysts suggest that investors take a long-term approach, with the option of partial profit-booking.