PhysicsWallah Stock Listing Analysis: The edtech giant defies weak subscription to debut at a 33% premium. Understand the hybrid edtech IPO model and the long-term outlook for new-age stocks on Dalal Street.
PhysicsWallah Stock Listing Analysis Edtech IPO
The highly anticipated market debut of edtech major PhysicsWallah on Dalal Street delivered a resounding surprise, with its shares listing at an impressive premium of over 33% against the issue price of ₹109 per share. The stock opened at ₹145 on the NSE, marking a spectacular debut that immediately created wealth for allottees. This blockbuster performance has injected a much-needed jolt of optimism into the market sentiment surrounding new-age stocks, particularly those emerging from the competitive digital learning space.
The strong listing is particularly remarkable given the muted investor response during the initial public offering (IPO) subscription window. The overall issue was subscribed just 1.92 times, with the retail individual investor (RII) segment showing moderate interest at 1.14 times and the Non-Institutional Investor (NII) segment showing weakness. However, the listing premium was ultimately driven by a dramatic surge of confidence from Qualified Institutional Buyers (QIBs) on the final day, who oversubscribed their quota by nearly 2.86 times, effectively rescuing the subscription and signaling faith in the company’s structural stability.
