Physics Wallah IPO Soars Amid Indian Edtech Slowdown
Physics Wallah enjoys a rosy IPO day, shares jump 44%, defying the broader slowdown in Indian edtech.
Matilda
Physics Wallah IPO Soars Amid Indian Edtech Slowdown
Physics Wallah enjoys a rosy IPO day: What happened? Physics Wallah enjoys a rosy IPO day as its shares surged 44% on debut, signaling renewed investor confidence in Indian edtech. Priced at ₹109 per share, it climbed to ₹161.99 before closing at ₹156.49, valuing the company at ₹448 billion ($5 billion). This exceptional performance comes despite a broader slowdown in the sector, which has seen rivals like Byju’s struggle with layoffs and funding challenges. Image : Google How much did Physics Wallah raise in its IPO? The company raised ₹34.8 billion ($393 million) in total. Of this, ₹31 billion ($350.1 million) came from fresh shares, while co-founders Alakh Pandey and Prateek Boob sold ₹3.8 billion ($42.9 million) worth of their holdings. With an 80% pre-IPO stake, the co-founders retained significant control while fueling expansion plans for online courses, offline centers, and test-prep programs. Why is Physics Wallah bucking the Indian edtech slowdown? Physics Wallah’s rise stands out …