PhysicsWallah IPO share market debut was better than the expectations in the grey market, which had expected a nearly 13 percent listing gains.
Stocks to Watch, 18 November: Stocks like Emcure Pharmaceuticals, AstraZeneca Pharma India, WPIL, JSW Cement, Nuvoco Vistas Corporation, Indokem, JSW Energy, Tata Power Company, 5paisa Capital, Onesource Specialty Pharma, Physicswallah, and Emmvee Photovoltaic Power will be in focus on November 18.
PhysicsWallah's Rs 3,480-crore IPO was subscribed nearly two times during the November 11–13 issue period.
Affordable education, expanding offline network and improving margins to drive next leg of growth, says Co-founder Prateek Maheshwari
Brokerages see PhysicsWallah’s IPO as a scale-driven growth story with a strong franchise in India’s test-prep market, but advise investors to stay cautious until earnings stability and sustainable margins emerge.
The company’s expansion story is encouraging, but profitability and valuations remain a concern
PhysicsWallah IPO | The company approached capital markets to raise Rs 3,100 crore via fresh shares and Rs 380 crore through offer-for-sale route.
PhysicsWallah IPO | The company is preparing to launch its Rs 3,480-crore initial public offering (IPO), opening on November 11.
Tenneco Clean Air India, part of the US-based Tenneco Group, has announced a price band of Rs 378–397 per share for its Rs 3,600-crore IPO.
The premiums on these IPOs have increased in the range of Rs 5–20 per share, reflecting strong investor demand for the companies’ stock ahead of listing.
PhysicsWallah IPO share allotment is expected to be finalised on November 14, and the company is likely to make its stock market debut on November 18.
Physicswallah IPO | The company is raising Rs 3,100 crore by issuing fresh shares, while promoters Alakh Pandey, and Prateek Boob will be selling shares worth Rs 380 crore via offer-for-sale.
The WestBridge Capital LLP and Hornbill Capital Partner-backed company has met potential investors and the deal could launch in the next few weeks
The list of technology companies planning to tap the IPO markets includes companies such as Groww, Lenskart, Meesho, Pine Labs, Fractal Analytics and PhysicsWallah.
Edtech unicorn’s Rs 3,820 crore IPO draft reveals bizarre and serious safety breaches at offline centres; Zerodha calls it a surreal risk disclosure.
Backed by WestBridge, Hornbill and GSV Ventures, the edtech firm has doubled down on offline centres and acquisitions even as rising employee costs, high attrition, and loss-making subsidiaries test its balance sheet.
Offline centres now contribute nearly half of PhysicsWallah’s topline, underscoring its shift into a hybrid model.
Indian IPO market, which had a slow start to the year, has recently gained traction, with about 10 company listings on the bourses in July so far and three more IPOs currently open
The move makes PhysicsWallah the seventh major Indian firm opting for the confidential pre-filing route after Tata Play, Oyo, Swiggy, Vishal Mega Mart, Credila Financial Services and Indira IVF
The company draws as much as 55 percent of its business from online channels, with the remaining coming from its offline Vidyapeeth centers
To support her further, PhysicsWallah CEO Alakh Pandey gifted Niyanshi a laptop and encouraged her to continue her studies.
The company argued that Scholars Den’s advertisements, which featured the term “sasta wallah,” not only mocked its business model but also misrepresented the quality of its education
Sarfaraz's first attempt saw him join a dental college, but the lack of hostel facilities forced him to drop out. Refusing to give up, he tried again in 2024.
The losses come at a time when PhysicsWallah is preparing to go public and has shortlisted bankers such as Axis Capital, Kotak Mahindra Capital, Goldman Sachs and JP Morgan for its $500 million IPO
On September 20, PhysicsWallah raised $210 million valuing it at $2.8 bn. The firm could potentially become India's first ed- tech player to debut on the domestic bourses.