PhysicsWallah shares made a robust market debut, listing on the NSE at Rs 145 and BSE at Rs 143.10, a premium of over 33% and 31% respectively, against its IPO price band of Rs 103-109. The edtech company's market capitalization reached over Rs 40,900 crore post-listing. Analysts highlight strong revenue growth but persistent losses, advising limited participation for risk-averse investors and a long-term outlook focused on profitability.