Edtech platform PhysicsWallah made a notable entry into the stock market on Tuesday, November 18, marking a significant milestone for the company and its investors.
Listing Performance
The stock opened at ₹145 per share on the National Stock Exchange (NSE), reflecting a 33.03% premium over its IPO issue price of ₹109. On the Bombay Stock Exchange (BSE), it started trading at ₹143.90 per share, up 32.02% from the issue price. By 12:42 pm, the scrip had climbed further to ₹150.40 on the NSE, up 3.72% from the opening price.
PhysicsWallah IPO Lot Size and Investor Gains
The IPO required a minimum investment of one lot, consisting of 137 shares. Investors who secured allotment in the PhysicsWallah IPO earned approximately ₹19,865 per lot at the opening price.
IPO Details and Price Band
The initial public offering included:
- A fresh issuance of shares worth ₹3,100 crore.
- An Offer for Sale (OFS) of up to ₹380 crore by promoters Prateek Boob and Alakh Pandey.
The IPO price band was set at ₹103 to ₹109 per share.
Planned Use of IPO Proceeds
PhysicsWallah outlined the utilization of the funds from the IPO as follows:
- Capital expenditure for new offline and hybrid centres: ₹460.55 crore
- Lease payments for existing centres: ₹548.30 crore
- Investment in subsidiary Xylem Learning Pvt Ltd: ₹47.16 crore
- Investment in subsidiary Utkarsh Classes & Edutech Pvt Ltd: ₹28 crore
- Server and cloud infrastructure costs: ₹200.10 crore
- Marketing initiatives: ₹710 crore
- Additional stake acquisition in Utkarsh Classes & Edutech Pvt Ltd: ₹26.50 crore
- Unspecified acquisitions and general corporate purposes
IPO Subscription Details
The IPO received 1.81 times subscription, with bids for 33,62,27,044 shares against an offer of 18,62,04,143 shares. The subscription breakdown by category was:
| Category | Reserved Shares | Bids Received | Subscription Ratio |
|---|---|---|---|
| Qualified Institutional Buyers | 10,11,55,340 | 10,11,55,340 | 2.70 |
| Non-Institutional Investors | 5,05,77,669 | 2,44,24,223 | 0.48 |
| Retail Investors | 3,37,18,446 | 3,56,00,272 | 1.06 |
| Total | 18,62,04,143 | 33,62,27,044 | 1.81 |
About PhysicsWallah
PhysicsWallah specializes in test preparation courses for competitive exams including JEE, NEET, GATE, government exams, and foundational courses. The platform delivers education through multiple channels:
- Online:Â Via social media platforms, mobile applications, and websites.
- Offline Centres:Â Physical locations for direct classroom learning.
- Hybrid Centres: A unique two-teacher model, allowing students to attend online classes at physical centres and interact with available faculty for doubt resolution.
PhysicsWallah’s multi-channel approach ensures flexible learning experiences for students across India, combining the reach of digital platforms with the effectiveness of in-person guidance.
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