PhysicsWallah IPO makes a splash with 42% jump
PhysicsWallah's IPO had a standout debut, closing at ₹155.20 per share—up 42% from its issue price of ₹109.
The stock hit a high of ₹162.05, pushing the company's market cap from about ₹32,000 crore to over ₹44,000 crore.
The IPO raised ₹3,480 crore and saw huge interest from big investors who liked its mix of online lessons and offline centers across India.
What does PhysicsWallah actually do?
Started by Alakh Pandey and Prateek Maheshwari, PhysicsWallah helps students prep for tough exams like JEE and NEET with affordable coaching—both online and in-person at 300+ centers in 152 cities.
In FY25, revenue shot up by 49% to ₹28.9 billion while losses dropped sharply.
Why does this matter?
The listing made co-founder Alakh Pandey a lot richer—his net worth jumped by nearly ₹4,700 crore to over ₹16,000 crore after selling some shares. Maheshwari also saw big gains.
This strong debut puts PhysicsWallah among the top IPOs of 2025 and shows just how much faith investors have in India's growing edtech scene.