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  1. PhysicsWallah share price: Stock lists at 33% premium on NSE; here's how much investors made per lot

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PhysicsWallah share price: Stock lists at 33% premium on NSE; here's how much investors made per lot

Kamal Joshi

3 min read | Updated on November 18, 2025, 12:44 IST

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SUMMARY

PhysicsWallah share price: The initial public offering was a fresh issuance of shares amounting to ₹3,100 crore and an offer for sale, or OFS, of up to ₹380 crore by promoters Prateek Boob and Alakh Pandey.

PhysicsWallah provides test preparation courses for competitive exams like JEE, NEET, GATE, government examinations and foundation courses. | Image: pw.live

PhysicsWallah provides test preparation courses for competitive exams like JEE, NEET, GATE, government examinations and foundation courses. | Image: pw.live

PhysicsWallah share price: Shares of edtech platform PhysicsWallah made a robust debut on the stock exchanges on Tuesday, November 18.
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The stock listed at ₹145 apiece on the National Stock Exchange (NSE), reflecting a premium of 33.03% over the IPO issue price of ₹109 per share. It started trading at ₹143.90 apiece on the BSE, up 32.02% from the issue price.

At 12:42 pm, the scrip was trading 3.72% higher at ₹150.40 on the NSE.

PhysicsWallah share price: Lot size

The minimum investment was one lot, consisting of 137 shares. Investors who received PhysicsWallah IPO allotment made ₹19,865 per lot.

The initial public offering was a fresh issuance of shares amounting to ₹3,100 crore and an offer for sale, or OFS, of up to ₹380 crore by promoters Prateek Boob and Alakh Pandey. It had set a price band of ₹103 to ₹109 per share.

The fresh issue proceeds will be used for the following objects:

PurposeAmount
Capital expenditure for fit-outs of new offline and hybrid centres₹460.55 crore
Lease payments of existing offline and hybrid centres₹548.30 crore
Investment in subsidiary Xylem Learning Pvt Ltd₹47.16 crore
Investment in subsidiary Utkarsh Classes & Edutech Pvt Ltd₹28 crore
Expenditure for server and cloud-related infrastructure costs₹200.10 crore
Marketing initiatives₹710 crore
Acquiring additional stake in Utkarsh Classes & Edutech Pvt Ltd₹26.50 crore
Unidentified acquisitions and general corporate purposesUnspecified

The initial share sale was subscribed 1.81 times, with bids for 33,62,27,044 equity shares compared to 18,62,04,143 shares on offer.

CategoryReservedNo of Shares Bid ForNo of Times
Qualified Institutional Buyers10,11,55,34010,11,55,3402.70
Non-Institutional Investors5,05,77,6692,44,24,2230.48
Retail Investors3,37,18,4463,56,00,2721.06
Total18,62,04,14333,62,27,0441.81

PhysicsWallah provides test preparation courses for competitive exams like JEE, NEET, GATE, government examinations and foundation courses. Its channels of delivery include online (through social media channels, applications and websites), offline centres and hybrid centres (the company's two-teacher model where students attend online classes at physical centres and can benefit from any faculty member present at the centre to resolve doubts).

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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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