PhysicsWallah's Epic Market Debut: A 42% Surge Marks a New Era in EdTech

PhysicsWallah's shares debuted with a remarkable 42% premium over the issue price, marking its strong market entry. The IPO received substantial interest, with funds earmarked for growth and expansion. As a pioneer in edtech, it offers courses for competitive exams through various online and offline platforms.

Shares of the edtech unicorn, PhysicsWallah, made a sensational debut on the stock market, finishing with a resounding 42% premium over its issue price of Rs 109. Trading commenced at Rs 143.10 on the BSE, marking a 31.28% increase, and surged to Rs 162.05, closing at Rs 155.20.

On the NSE, shares opened at Rs 145, a 33% premium, peaking at Rs 161.99 before closing at Rs 155.24. The firm's market cap stood at Rs 44,382.43 crore, reflecting solid investor confidence following its IPO, which was nearly twice oversubscribed.

PhysicsWallah's Rs 3,480-crore IPO, with a price band of Rs 103-109, allocates funds for expanding educational offerings through online and hybrid platforms, particularly targeting competitive exams like JEE, NEET, and more.

(With inputs from agencies.)