PhysicsWallah shares settled 44 percent higher from its initial public offering (IPO) price on the debut day on November 18 to quote at Rs 156.49 per share on the NSE. The stock finished the trade 8 percent higher from the open price.
PhysicsWallah shares made a decent stock market debut to list at 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.
Shares of PhysicsWallah were listed at Rs 145 per share on the NSE, a premium of 33.03 percent from its issue price. The IPO had a price band of Rs 103-109 per share.
On the BSE, the shares of the company were listed at Rs 143.10 per share, a premium of 31.28 percent. The company's market capitalization post listing of shares stood at Rs 40,922.20 crore.
PhysicsWallah IPO share market debut was better than the expectations in the grey market, which had expected a nearly 13 percent listing gains.
PhysicsWallah share listing: Should you buy, sell or hold?
Bhavik Joshi, Business Head at INVasset PMS, said revenue rose from Rs 772 crore in FY23 to more than Rs 3,000 crore in FY25, indicating strong growth momentum. However, he noted that cumulative losses of over Rs 1,400 crore during FY23–FY25 reflect continued pressure on profitability.
Joshi said the valuation and loss profile make the IPO a long-term execution play. While funds from the issue will be deployed toward offline expansion, technology and marketing, he said the timeline for operational improvement will be crucial.
He added that investors with higher risk appetite and a long-term horizon may consider limited participation, while conservative investors may prefer to wait until the company demonstrates consistent profitability.
PhysicsWallah share listing: Analysts suggest long-term hold with partial profit booking
This will be the first major pure-play edtech company to list on the country's bourses.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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