PhysicsWallah IPO Debuts Today With Strong Market Buzz

PhysicsWallah is all set to begin its stock market journey today as the edtech company makes its debut on Dalal Street. The listing comes after the IPO received a steady response from investors last week, creating a noticeable buzz in the market.

The three-day public issue opened on November 11 and closed on November 13, with allotments finalised on November 14. Now, the company’s shares will be listed on both the BSE and NSE, marking an important milestone for one of India’s fastest-growing education platforms.

Ahead of the listing, the grey market showed a positive trend. PhysicsWallah shares were trading at a premium of ₹9 per share, suggesting a possible listing price of around ₹118 against the upper issue price of ₹109. This indicates investor interest and hopes for a stable opening.

The IPO itself raised ₹3,480.71 crore through a mix of fresh shares and an offer-for-sale. The fresh issue of 28.45 crore shares brought in ₹3,100.71 crore, while the OFS portion added another ₹380 crore. The price band for the issue was set between ₹103 and ₹109 per share.

Overall, the IPO was subscribed 1.81 times, with the QIB category seeing the highest demand at 2.70 times. Retail investors subscribed 1.06 times, and the NII segment recorded 48% subscription. With these numbers, market watchers expect a measured yet confident debut.

As trading begins, all eyes are now on how PhysicsWallah performs on its first day and whether the early grey market momentum reflects in the official market action.