PhysicsWallah
Market frenzy! PhysicsWallah opens with over 30% premium, smashes IPO expectations
Mumbai/IBNS: PhysicsWallah on Tuesday made a strong market debut trading at more than 30 percent premium over the issue price, media reports said.
The Indian ed-tech company was listed at Rs. 145 per share on NSE drawing a premium of 33.03% over the issue price.
The IPO had a price band between Rs. 103-109 per share.
On BSE, PhysicsWallah was listed at Rs. 143.10 per share, drawing a premium of 31.28% over the issue price.
Though the company made a robust debut, analysts caution the traders.
Ravi Singh, chief research officer at MasterTrust, said as quoted by Business Today, "Investors who were allotted the company's shares during the IPO should book profits at current levels."
About PhysicsWallah
Offering affordable online, offline, and hybrid learning, PhysicsWallah was started by Alakh Pandey (a popular YouTube teacher) and Prateek Maheshwari.
It began in 2016 as a YouTube channel focused on physics for JEE/NEET and CBSE board exams, then became a full-fledged company in 2020.
The company is to democratize education in India — making quality learning accessible and affordable to students across the country, including in tier-2 and tier-3 cities.
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