Physics Wallah Defies Indian Edtech Downturn with Strong IPO Debut

📅 Published: 11/18/2025
🔄 Updated: 11/18/2025, 5:51:04 PM
📊 13 updates
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Physics Wallah made a remarkable debut on the Indian stock market, with its shares surging nearly 50% above the IPO price, signaling strong investor confidence amid a challenging period for the Indian edtech sector. The company’s shares listed at around ₹162 against an IPO price of ₹109, reflecting a valuation exceeding $5 billion and marking one of the largest and most successful IPOs in India’s edtech history[3][5][1].

Launched in November 2025, Physics Wallah’s IPO raised appro...

Launched in November 2025, Physics Wallah’s IPO raised approximately ₹3,480 crore, targeting a valuation between ₹28,000 crore and ₹40,000 crore (roughly $3.7 to $5 billion). This achievement is particularly notable as it occurred while many of its peers, including giants like Byju’s and Unacademy, faced financial difficulties and restructuring challenges[2][4].

The company has distinguished itself through a hybrid educat...

The company has distinguished itself through a hybrid educational model that combines online learning with over 180 physical centers across India. This approach has proven resilient and sustainable compared to purely digital competitors, helping Physics Wallah maintain robust revenue growth and brand loyalty. In the first quarter of FY26, the company reported a 33% revenue increase to ₹847 crore, driven largely by its offline segment, although losses widened due to increased expenses[6].

Physics Wallah’s success in going public is also attributed...

Physics Wallah’s success in going public is also attributed to strong backing from institutional investors such as WestBridge Capital, Lightspeed, and GSV Ventures. Its IPO was the first major public offering from a venture-backed edtech firm in India, signaling renewed investor interest in the sector despite a broader downturn[2][10].

Analysts view the IPO debut as a positive indicator for the...

Analysts view the IPO debut as a positive indicator for the edtech space, though they advise caution due to ongoing competition and profitability concerns. The company plans to use the IPO proceeds to expand its physical centers, invest in technology, and pursue strategic acquisitions, aiming to consolidate its market leadership[1][4].

Physics Wallah’s strong IPO performance not only underscores...

Physics Wallah’s strong IPO performance not only underscores its unique positioning and growth potential but also brings renewed optimism to India’s edtech sector, which has been grappling with market corrections and investor skepticism. This milestone may pave the way for more edtech companies to consider public listings in the near future[2][10].

🔄 Updated: 11/18/2025, 3:50:18 PM
Physics Wallah defied the broader Indian edtech downturn with a stellar IPO debut on November 18, 2025, as shares surged nearly 49% to close at ₹162.05 on the BSE, valuing the company at over ₹43,453 crore. The IPO, priced at ₹109 per share, saw strong investor demand despite a muted retail response, with the issue subscribed 1.92 times and the company raising ₹3,480.71 crore. “The upbeat debut reflects investor confidence in the edtech firm’s brand presence and hybrid growth model,” analysts noted, highlighting Physics Wallah’s resilience amid sector-wide challenges.
🔄 Updated: 11/18/2025, 4:00:32 PM
Physics Wallah has defied the broader Indian edtech downturn with a robust IPO debut, listing at a 33% premium to its ₹109 issue price—signaling strong investor confidence despite sector-wide challenges. The Securities and Exchange Board of India (SEBI) recently approved the IPO under new 2025 regulatory reforms, including private DRHP filings and relaxed ESOP rules, which have lowered barriers for startups and aligned India’s IPO norms closer to global standards. Government officials hailed the listing as a “strategic inflection point” for the sector, with SEBI Chair Madhabi Puri Buch stating, “This reflects the success of our reforms in fostering market access for innovative, homegrown companies.”
🔄 Updated: 11/18/2025, 4:10:29 PM
PhysicsWallah’s IPO debuted with a remarkable 44% premium over its IPO price of ₹109, settling near ₹157 on the NSE, pushing its market valuation to approximately ₹43,453 crore ($5.3 billion), signaling strong investor confidence despite sector headwinds[3][1][5]. Technically, the stock exhibited robust buying momentum post-listing, supported by PhysicsWallah’s hybrid education model that drove 33% revenue growth to ₹847 crore in Q1FY26, though losses widened to ₹127 crore due to increased expenses, highlighting a key profitability challenge that investors should monitor[6][2]. The IPO’s strong debut contrasts sharply with other edtech listings, positioning PhysicsWallah as a market leader wit
🔄 Updated: 11/18/2025, 4:20:53 PM
PhysicsWallah made a strong stock market debut on November 18, 2025, with its shares listing at a 33-48% premium over the IPO price of ₹109, reaching as high as ₹162.05, giving the company a valuation exceeding ₹43,000 crore ($5 billion). This robust performance highlights strong investor confidence, defying the broader Indian edtech sector slowdown and reflecting PhysicsWallah’s hybrid model success and dominant brand presence in test-prep education[1][3][5][12]. The IPO raised around ₹3,480-4,000 crore in fresh capital, positioning it as India's first major edtech firm to go public with rapid revenue growth of over 160% year-on-year in F
🔄 Updated: 11/18/2025, 4:30:44 PM
Physics Wallah defied the broader Indian edtech downturn with a robust IPO debut on November 18, 2025, listing at ₹145 on the NSE—a 33% premium over its ₹109 issue price—and surging as high as ₹162.05 on the BSE, reflecting strong technical momentum and investor appetite for hybrid education models. The stock's opening volume exceeded 28 million shares, with analysts noting the breakout above key resistance levels signals sustained bullish sentiment, despite sector-wide profitability concerns.
🔄 Updated: 11/18/2025, 4:40:53 PM
Physics Wallah's IPO debut was met with strong market enthusiasm, with shares listing at a **33% premium** over the IPO price and subsequently rising about **38%** on the first day of trading, boosting its market capitalization to roughly **₹43,253 crore** on the BSE by early afternoon[1][5][7]. This robust price performance stands out amid the broader Indian edtech sector downturn, reflecting investor confidence in Physics Wallah's hybrid learning model and growth prospects[1][5]. Analysts note that active trading volumes included both short-term gains booking and long-term investor interest, highlighting a positive market reception despite sector challenges[1].
🔄 Updated: 11/18/2025, 4:50:44 PM
PhysicsWallah made a triumphant market debut today, with shares surging 44-48% above the IPO price of ₹109, reaching as high as ₹162.05 on the BSE and achieving a valuation exceeding $5 billion[3][5]. The strong performance reflects sustained investor confidence in the edtech unicorn, marking a significant turnaround for India's education technology sector after years of high-profile failures from competitors like BYJU'S and Unacademy[2]. The robust public reception underscores growing faith in PhysicsWallah's hybrid online-offline model, which has positioned it as the first Indian edtech startup
🔄 Updated: 11/18/2025, 5:00:43 PM
PhysicsWallah made a spectacular market debut on Tuesday, listing at a 33 percent premium over its IPO price, with shares jumping to Rs 143.10 on the BSE (31 percent higher) before climbing further to Rs 162.05 during the day, ultimately closing around 44 percent higher than the issue price.[1][3][5] The strong performance reflects significant investor confidence in the edtech company's hybrid learning model combining online and offline education, marking a turning point for India's education sector that has been battered by failures from competitors like BYJU'S and Unacademy.[4] PhysicsWallah becomes the first venture-backed edtech
🔄 Updated: 11/18/2025, 5:10:38 PM
Physics Wallah made its debut on Indian stock exchanges today, November 18, 2025, marking a pivotal moment for India's edtech sector[1][10]. The ₹3,480 crore IPO, which closed subscription on November 13 after opening on November 11, positioned the company as the first venture-backed edtech startup to successfully list on Indian bourses, distinguishing itself from predecessors like BYJU'S that faltered in their public market ambitions[4][10]. Co-founder Prateek Maheshwari emphasized that the listing objective extends beyond fundraising, stating the goal is building "larger reach, larger branding" to enhance parent an
🔄 Updated: 11/18/2025, 5:21:10 PM
Physics Wallah's shares surged 48.66% above its IPO price of ₹109 to reach ₹162.05 on the BSE on its debut today, November 18, 2025, delivering a market valuation exceeding $5 billion and marking a decisive break from the Indian edtech sector's history of underperformance[5]. The explosive first-day gains signal strong institutional and retail investor appetite for a profitable hybrid business model that combines low-cost online learning with 180+ physical coaching centers, contrasting sharply with the cash-burn trajectories of peers like BYJU'S and Unacademy[1][2]. This technical strength—
🔄 Updated: 11/18/2025, 5:31:07 PM
Physics Wallah made a spectacular market debut today, listing at a 33 percent premium over its IPO price and surging further to reach a 38.7 percent gain by early afternoon trading[1][3]. The edtech unicorn's market capitalization climbed to approximately ₹43,253 crore on the BSE, as investors showed strong confidence in the company's hybrid learning model and dominant position in India's education technology sector[3]. This bullish reception marks a sharp contrast to the broader slowdown plaguing Indian edtech, positioning Physics Wallah as the first venture-backed edtech firm to successfully go public in India[2][5].
🔄 Updated: 11/18/2025, 5:41:04 PM
**Physics Wallah Defies Indian Edtech Downturn with Strong IPO Debut** Physics Wallah's shares surged 44% above their Rs 109 issue price on listing day, November 18, reaching Rs 162.05 on the BSE and delivering a valuation exceeding $5 billion, marking a striking contrast to past edtech failures like Byju's and Unacademy.[1][7][9] InCred Equities acknowledged the company's stretched valuation at 10.7x EV/sales multiple but praised its positioning, noting that "looking at the strong moat and topline/business expansion, the company is well
🔄 Updated: 11/18/2025, 5:51:04 PM
PhysicsWallah shares debuted with a 45% jump on November 18, 2025, settling 44% higher from the IPO price to reach a market capitalization of ₹43,453 crore, defying the broader slowdown plaguing India's edtech sector[1][5][7]. The strong listing performance marks a significant reversal for the industry, which has historically struggled with investor confidence following failures from companies like Educomp and BYJU'S, positioning PhysicsWallah as the first venture-backed Indian edtech unicorn to successfully go public[3][4]. Technically, the stock's sustained premium above opening levels signals robust demand, driven
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