PhysicsWallah IPO Debuts With 33% Premium, Gains 43% as Founders Aim for Top 100 Companies

Overview

PhysicsWallah (PW) shares listed at a 33% premium to its Rs 109 issue price, closing the debut session up 43% at Rs 156.49. The edtech firm, now among India's top 500 listed companies, aims to enter the top 100. Founders Alakh Pandey and Prateek Maheshwari plan to expand nationwide. Funds from the Rs 3,480 crore IPO will boost marketing, offline centres, capital expenditure, and subsidiary investments, while the company has significantly reduced its losses.