PhysicsWallah Shares Debut on Indian Stock Market

The much-awaited moment for India’s edtech sector has finally arrived—PhysicsWallah (PW), one of the fastest-growing education technology companies, has officially made its debut on the Indian stock market. The listing has created ripples across Dalal Street, stunning analysts and delighting retail investors who had shown tremendous confidence during the IPO phase.

With a remarkable 33% listing premium on the NSE, PhysicsWallah has emerged as one of the strongest debuts of 2025, outperforming grey market expectations and sending a clear message: new-age education companies can still win investor trust.

⭐ A Strong Market Debut: 33% Premium on Listing

PhysicsWallah shares were listed at ₹145 per share on the NSE, against the IPO price of ₹109, marking a 33% premium right at the opening bell. Within minutes, the stock spiked further, mirroring high demand from institutional and retail investors.

• NSE listing price: ₹145

• Listing premium: 33%

• Post-listing rally: Shares jumped up to 40–48% during intraday trade

• Market cap after listing: ~₹30,000 crore (approx)

• Latest valuation estimates: Nearly $5 billion, according to Reuters coverage

This debut comes amid a cautious sentiment around edtech companies, especially after past investor losses in several listed education firms. PhysicsWallah, however, seems to have bucked the trend.

⭐ Why PhysicsWallah’s IPO Created a Buzz

Several factors worked in favour of the company:

1. A Rare Profitable Edtech

While many edtech unicorns struggle with losses, PhysicsWallah is among the few delivering consistent profitability, making it a safer long-term bet.

2. Strong Brand Equity

The platform built by Alakh Pandey, known for affordable education and mass reach, enjoys unmatched trust from students.

3. Visible Growth Trajectory

The company has expanded into:

• Offline coaching centres

• Test-prep books

• Skill-development programs

• UPSC, SSC, Banking, Defence, and more

4. High Subscription Numbers

The IPO was fully subscribed on its final day, driven by strong QIB, HNI, and retail participation.

⭐ What Analysts Are Saying

Market experts remain divided—some see PW as a long-term compounder, while others advise caution due to valuation concerns.

Bullish Views:

• Analysts from Moneycontrol and Business Standard say PW could be a long-term buy due to strong fundamentals and sector leadership.

• Zee Business experts hinted at a “hold with partial profit booking” strategy.

Cautious Views:

Some financial think tanks feel the IPO might be “slightly overpriced,” and the company must prove sustained earnings growth to justify its valuation.

⭐ Social Media & Market Celebrations

The market debut has gone viral on social platforms like X (Twitter).

🔔 NSE shared congratulatory posts, ringing the opening bell to welcome PhysicsWallah to the exchange.

🚨 A viral post by Bismah Malik quoted co-founder Prateek Maheshwari humorously saying:

“We are billionaires but still live in rented houses.”
This highlighted the founders’ grounded approach despite massive valuations.

⭐ Investor Reaction: A Big Win for Retail Participants

The 33% premium meant every retail investor who got an allotment made immediate profits.
Example:

• 1 lot = 135 shares

• IPO cost = ₹109 × 135 = ₹14,715

• Listing value = ₹145 × 135 = ₹19,575

• Instant profit: ₹4,860 per lot

For many small investors, this was a refreshing moment after several loss-making IPOs in recent months.

⭐ Is PhysicsWallah the Next Byju’s or Something Different?

Comparisons with Byju’s are inevitable, but analysts agree that PhysicsWallah follows a fundamentally different model:

• Focus on affordable education

• Controlled spending

• Offline-online hybrid

• Healthy cash reserves

• Founder-led commitment

• Mass trust among students

This disciplined growth model may help PhysicsWallah avoid the pitfalls seen in other edtech giants.

⭐ Future Outlook: Buy, Hold, or Wait?

Analysts are suggesting mixed strategies:

✔ Long-term Hold:

For those who believe in the growth of affordable edtech and strong fundamentals.

✔ Partial Profit Booking:

Good for those wanting to secure early gains after the strong listing.

✔ Wait for Correction:

Some investors want to enter at a dip as valuations could cool down later.

In the short term, volatility is expected as markets adjust to the new listing.

⭐ Conclusion: A Milestone for India’s Edtech Sector

PhysicsWallah’s blockbuster market debut marks a historic moment—not just for the company but for India’s entire edtech ecosystem. From a YouTube channel to a billion-dollar public company, the journey is nothing short of extraordinary.

The success signals a renewed investor appetite for profitable, purpose-driven, student-focused education ventures.
PhysicsWallah has not only entered Dalal Street but has done so with massive trust, strong numbers, and an inspirational story.