PhysicsWallah Share Price: Edtech stock jumps 49% after stellar 31% listing — Buy, hold or wait? Anil Singhvi answers

PhysicsWallah Share Price: Edtech unicorn PhysicsWallah made its stock market debut on November 18 with a strong listing, opening at Rs 143.10, which is a 31.28 per cent premium over the upper end of its Rs 103–109 price band. Later, it climbed further to Rs 162.05, marking a 48.67 per cent jump from the IPO price.

At the IPO price, the company was valued at over Rs 31,500 crore, making it the first major pure-play edtech player to enter Indian stock exchanges. The debut reflects investor interest despite a relatively muted subscription during the offer period.

PhysicsWallah Subscription Details

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The IPO, worth Rs 3,480 crore, included a fresh issue of Rs 3,100 crore and an offer for sale of Rs 380 crore by founders Alakh Pandey and Prateek Boob, who each sold shares worth Rs 190 crore.

Ahead of the issue, the company also raised Rs 1,563 crore from anchor investors. On the final day, the IPO was subscribed 1.12 times, receiving bids for more than 20.84 crore shares against the 18.62 crore on offer.

The subscription pattern showed that Qualified Institutional Buyers (QIBs) led the demand, with a 1.63 times subscription rate, while retail investors subscribed at 86 per cent, and non-institutional investors picked up 25 per cent of their quota.

The response was initially lukewarm, with the issue being subscribed to by only 13 per cent after two days, before momentum picked up on the last day.

PhysicsWallah Quarterly Results

PhysicsWallah’s financial performance also reflects improving fundamentals. The company cut its losses sharply to Rs 243 crore in FY25 from a much larger Rs 1,131 crore loss in FY24. Revenue grew strongly to Rs 2,887 crore, compared with Rs 1,941 crore a year earlier.

The company operates across online platforms, offline tech-enabled centres, and hybrid classrooms, serving students preparing for JEE, NEET, GATE, UPSC and upskilling programmes.

Backed by WestBridge Capital, Hornbill and GSV Ventures, the edtech major has been expanding aggressively, and the IPO funds will support further growth and new initiatives.

PhysicsWallah IPO View: Anil Singhvi

Market expert Anil Singhvi shared a balanced view on the PhysicsWallah IPO and its prospects. He described the subscription as “cold,” noting that the issue was subscribed to just around two times overall, indicating cautious sentiment from investors.

For those who applied, Singhvi believes the stock is suitable mainly for risk-taking investors with a two-year holding perspective. He suggested that short-term traders should keep a stop-loss below the IPO price, considering the volatility often seen in newly listed digital-first companies.

For long-term investors, he recommends holding the stock with a trailing stop-loss, allowing them to participate in potential upside while protecting gains.

Singhvi also adds that if the stock ever comes close to the issue price again, it could offer a fresh buying opportunity. Overall, his view is to manage risk with stop-losses and stay patient if you are investing for the long term.