PhysicsWallah Limited made a strong debut on Dalal Street on Tuesday, Nov 18, with the stock listing at ₹145—up nearly 33% from the IPO upper price band of ₹109. The listing comes after the edtech firm’s maiden public issue concluded last week.
The mainboard IPO was open for subscription from November 11 to 13, while the allotment was finalised on November 14. As per the notice issued by BSE, PhysicsWallah Limited’s equity shares have been admitted for trading in the ‘B’ Group of Securities, effective Tuesday, November 18. The stock is listed on both NSE and BSE.
PhysicsWallah IPO price band was fixed at ₹103–₹109 per share. The company raised ₹3,480.71 crore through the issue, which included a fresh issue of 28.45 crore equity shares worth ₹3,100.71 crore and an offer-for-sale (OFS) of 3.49 crore shares worth ₹380 crore.
The IPO witnessed an overall subscription of 1.81 times. Retail investors subscribed 1.06 times, while the Non-Institutional Investors (NII) category saw a 48% subscription. The Qualified Institutional Buyers (QIBs) category was the strongest, receiving 2.70 times bids.
PhysicsWallah’s listing follows other new-age tech IPOs this year and comes as the company continues its expansion across digital and offline education formats.
