Physicswallah Makes Strong Stock Market Debut with 33% Premium
Ed-tech firm Physicswallah Ltd. (PWL) debuted strongly on the stock markets, opening at ₹145 on the National Stock Exchange—a 33% premium over its issue price of ₹109 per share.
Key Trading Details
- NSE Opening: ₹145 (33% premium)
- BSE Opening: ₹143 (31.1% premium)
- Day’s Range: ₹137 (low) to ₹161.99 (high)
- Closing Price: ₹156
Strong Investor Response
The IPO received healthy subscription numbers as of November 13:
- Overall: 1.8 times subscribed
- QIBs: 2.7 times subscribed
- Retail Investors: 1.06 times subscribed
Historic Listing Achievement
Physicswallah has become the first education technology startup to list on Indian capital markets. The company raised ₹3,480 crore through the public offering, with approximately 90% being a fresh issue.



