# Physics Wallah’s Shares Listed With 33% Premium!

URL: https://technosports.co.in/physics-wallahs-shares-with-33-premium/  
Published: 2025-11-18  
Updated: 2025-11-18  
Author: Raunak Saha

**Physics Wallah ([PW](https://www.pw.live/))**, India’s leading ed-tech unicorn, has made a thunderous debut on the stock market, defying grey market expectations and moderate subscription numbers. The company’s shares listed at a stellar **33% premium** over the issue price, turning heads on Dalal Street and signaling a potential revival in investor sentiment towards the ed-tech sector.

Here is a detailed breakdown of this blockbuster listing, the numbers behind the buzz, and what this means for investors.

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### **🚀 Listing Day Highlights: The Big Numbers**

The market debut on **November 18, 2025**, exceeded predictions, rewarding investors who kept faith in the company’s hybrid business model.

> "There' an Einstein in India who is selling tea on the roads of Bihar, there's a Madam Curie in India, who is selling momos on the roads of Gurgaon…"[#PhysicsWallah](https://twitter.com/hashtag/PhysicsWallah?src=hash&ref_src=twsrc%5Etfw) founder and CEO Alakh Pandey speaks ahead of the company's listing. [#PhysicsWallahIPO](https://twitter.com/hashtag/PhysicsWallahIPO?src=hash&ref_src=twsrc%5Etfw) [pic.twitter.com/MWO6kdj5Xo](https://t.co/MWO6kdj5Xo)
>
> — NDTV Profit (@NDTVProfitIndia) [November 18, 2025](https://twitter.com/NDTVProfitIndia/status/1990676711969849521?ref_src=twsrc%5Etfw)

| **Metric** | **Details** |
| --- | --- |
| **IPO Price Band** | ₹103 – ₹109 per share |
| **Listing Price (NSE)** | **₹145** (33.03% Premium) |
| **Listing Price (BSE)** | **₹143.10** (31.28% Premium) |
| **Listing Gains** | ~₹36 per share |
| **Lot Size** | 137 Shares |
| **Profit Per Lot** | ~₹4,932 (on listing) |
| **Post-Listing Valuation** | **~₹43,453 Crore** (approx. $5.1 Billion) |

While the prompt mentions a valuation of **₹41,900 crores**, intraday trading saw the market capitalization surge even higher, crossing the **₹43,000 crore** mark as the stock hit a high of **₹162.05**.

![Physics Wallah](https://technosports.co.in/wp-content/uploads/2025/11/G6Bl18JbMAAPTgi.webp)
*Physics Wallah*

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### **💡 The Journey: From YouTube to Dalal Street**

Founded by **Alakh Pandey** and **Prateek Maheshwari**, [Physics Wallah](https://www.pw.live/) began as a humble YouTube channel in 2016 aimed at democratizing education. Unlike its cash-burning peers, PW focused on affordability and community building, which helped it stay profitable for the first three years of its operations.

**Key Differentiators:**

- **Hybrid Model:** A mix of online courses and offline “Vidyapeeth” centers.
- **Affordability:** Courses priced significantly lower than competitors.
- **Cult-like Following:** Over **13.7 million** YouTube subscribers and **4.46 million** paid app users.

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### **📊 IPO Subscription & Financial Health**

The IPO, which ran from **November 11–13, 2025**, saw a moderate overall subscription of **1.92 times**.

- **QIB (Qualified Institutional Buyers):** 2.86x (Strong interest saved the issue)
- **Retail Investors:** 1.14x
- **NII (Non-Institutional Investors):** 0.51x (Muted response)

Financials at a Glance:

While revenue grew by 50% to ₹3,039 crore in FY25, the company reported a net loss of ₹243 crore due to aggressive expansion into offline centers. However, it remains operationally profitable with a positive EBITDA of ₹193 crore, a rarity in the ed-tech space.

![Physics Wallah](https://technosports.co.in/wp-content/uploads/2025/11/G6BMNP5bMAEkjoM-658x1024.webp)
*Physics Wallah*

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### **📈 Why Did It List So Well?**

Despite a weak Grey Market Premium (GMP) of just 13% prior to listing, the stock listed at **33%**. Analysts attribute this to:

1. **Institutional Confidence:** Strong backing from anchor investors and QIBs.
2. **Sector Revival:** Investors are looking for value in ed-tech after the correction in valuations of peers like BYJU’s.
3. **Brand Loyalty:** The “Alakh Pandey” factor creates immense trust among retail investors and students.

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### **🧐 What Should Investors Do?**

With the stock trading significantly above its issue price, market experts have mixed views:

- **Short-term Investors:** Experts like Shivani Nyati from Swastika Investmart suggest booking partial profits to lock in the ~33% gains.
- **Long-term Investors:** Analysts from InCred Equities recommend “Subscribe” for the long term, citing the company’s scalable hybrid model and market leadership. A stop-loss at **₹130** is advised for holding positions.

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### **Conclusion**

[Physics Wallah’s](https://technosports.co.in/tag/physics-wallah/)listing is a landmark moment for the Indian startup ecosystem, proving that companies with real revenue and a sustainable model can win public market trust. With a valuation crossing **₹41,900 crores**, PW has not just listed; it has arrived as a heavyweight in India’s education sector.