Post by : Badri Ariffin

Today marks a significant milestone as PhysicsWallah steps into the stock market, launching its shares on Dalal Street. This debut follows a robust response from investors during the IPO, contributing to a palpable buzz in the financial community.

The public offering, which spanned three days from November 11 to 13 and concluded with allotments on November 14, will see the company's stock listed on both BSE and NSE. This development is a testament to the rapid growth trajectory of one of India’s leading edtech firms.

Prior to its listing, the grey market exhibited favorable trends, with PhysicsWallah's shares trading at a premium of ₹9, indicating a likely opening price near ₹118—well above the upper issue price of ₹109. This trend illustrates strong investor confidence and anticipations for a stable launch.

The IPO was able to generate ₹3,480.71 crore, which includes both fresh shares and an offer-for-sale component. Of this, ₹3,100.71 crore came from the issuance of 28.45 crore fresh shares, while the OFS contributed ₹380 crore. The price range for the shares was set between ₹103 and ₹109.

Overall, the IPO achieved a subscription rate of 1.81 times, with the Qualified Institutional Buyers (QIBs) showing remarkable interest at 2.70 times. Retail participation was recorded at 1.06 times, while the Non-Institutional Investor (NII) section saw a 48% subscription. These metrics have generated optimism for a well-received debut.

As trading kicks off, market observers are keen to see if PhysicsWallah’s inaugural performance aligns with the enthusiasm observed in the grey market.

#Global News