PhysicsWallah Makes Stock Market Debut Amid Strong Investor Interest
The Indian stock market witnesses a significant addition today as PhysicsWallah shares officially list on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The much-anticipated edtech company's initial public offering concluded last week, setting the stage for what experts predict will be a robust market entry.
IPO Subscription and Fundraising Details
PhysicsWallah's journey to the public markets has been marked by substantial investor enthusiasm. The company's IPO was subscribed 1.81 times overall, reflecting healthy demand from institutional and retail investors alike. The educational technology firm successfully raised ₹3,480.71 crore through this book-build issue, which comprised two key components.
The fundraising included a fresh issue of 28.45 crore equity shares valued at ₹3,100.71 crore, providing the company with capital for future expansion and operations. Additionally, the offer featured an offer-for-sale (OFS) component of 3.49 crore shares totaling ₹380 crore, allowing certain existing shareholders to partially exit their investments.
The IPO, which ran from November 11 to November 13, 2025, was priced within a band of ₹103 to ₹109 per share, with the upper end of the range becoming the final issue price.
Strong Grey Market Signals and Expected Listing Performance
Ahead of the official listing, the grey market has been buzzing with positive activity. Market observers report that the PhysicsWallah IPO grey market premium (GMP) has climbed to ₹14 per share. This significant premium indicates substantial unofficial market demand and points toward an optimistic listing day performance.
Based on current GMP trends, analysts estimate that PhysicsWallah shares could list at approximately ₹123 apiece, representing a premium of nearly 13% over the IPO price of ₹109 per share. This strong debut expectation aligns with the overall positive sentiment surrounding the edtech sector and PhysicsWallah's dominant position in the test preparation market.
Financial experts and market analysts have expressed confidence in the company's market debut, anticipating that the shares will list at a decent premium when trading commences this morning. The listing marks a significant milestone for the Indian startup ecosystem, particularly in the education technology space.
As investors and market participants closely watch the counters on both major exchanges, all eyes will be on how this homegrown edtech giant performs in its first day of public trading. The successful listing could potentially influence market sentiment toward other technology and education companies considering public offerings in the near future.
