PhysicsWallah Shares List at Over 31% Premium on NSE and BSE

PhysicsWallah made its stock market debut on Tuesday with a premium over the issue price. The listing followed the company’s IPO, which was subscribed nearly 2 times between November 11 and 13.
Listing Performance
Shares of PhysicsWallah were listed at 145 per share on the NSE, reflecting a premium of 33.03% against the issue price. On the BSE, shares began trading at 143.10 per share, registering a 31.28% premium. The company’s market capitalization at the time of listing stood at 40,922.20 crore.
Promoter and Investor Shareholding
According to the RHP, promoters Alakh Pandey and Prateek Boob each hold a 40.31% stake in the company. The shareholder base also includes several institutional investors with varying levels of ownership.
- WestBridge AIF – 6.40%
- Hornbill Capital Partners – 4.41%
- GSV Ventures Fund – 2.85%
- Lightspeed Opportunity Fund – 1.79%
- Setu AIF Trust – 1.39%
IPO Subscription and Issue Details
The PhysicsWallah IPO featured a price band of 103–109 per share and attracted strong interest from market participants. Subscription levels reached nearly 2 times during the offer period, which contributed to the premium listing on both exchanges.
Use of IPO Proceeds
The company plans to allocate the majority of the proceeds towards business expansion and infrastructure requirements. Marketing initiatives are expected to receive 710 crore, while 548.3 crore is earmarked for lease payments linked to offline and hybrid centres. PhysicsWallah also intends to deploy 460.5 crore for expanding its offline network.
Further allocations include 200.1 crore for server and cloud infrastructure, 47.2 crore for investment in Xylem Learning, and 28 crore for lease payments at Utkarsh Classes and Edutech centres. An additional 26.5 crore will be used to increase stakes in subsidiaries.
Read More: PhysicsWallah Raises ₹1562.85 Crore in Anchor Round.
Conclusion
PhysicsWallah’s listing reflects subscription demand and the pricing set for the IPO. The planned use of funds indicates the company’s focus on capacity expansion and operational development.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Nov 18, 2025, 10:16 AM IST

Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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