In a stunning comeback for India’s beleaguered edtech sector, PhysicsWallah made its stock market debut with a bang its shares surged nearly 49%, valuing the company at an eye-watering $5.2 billion. This bullish start not only marks a high point in the firm’s journey but could also signal a renewed investor faith in the future of Indian digital education.
When trading opened, the shares leapt from their IPO issue price of ₹109 to as high as ₹161.99. What makes this particularly significant is that PhysicsWallah is the first major edtech company to go public since the sector saw major disruptions including Byju’s collapse and layoffs at Unacademy.
The IPO itself was a massive undertaking: the company raised ₹3,480 crore, with ₹3,100 crore coming from fresh shares and ₹380 crore offered for sale. Anchor investors, including global heavyweights, backed the issue heavily.
From its roots as a humble YouTube tutoring channel in 2016, PhysicsWallah has grown into a hybrid learning powerhouse with both online and physical coaching centers. In its latest financial year, it delivered an impressive 50% revenue jump, while significantly narrowing its losses to ₹2.4 billion from ₹11.3 billion the year before.
This listing isn’t just a win for PhysicsWallah. it’s arguably a victory for the broader edtech ecosystem. The strong debut has sparked optimism that investors might once again rally behind learning-tech businesses with solid fundamentals and sustainable models.
Still, the road ahead won’t be easy. With its newfound valuation, expectations will be high, and PhysicsWallah must now prove it can scale profitably. Expansion into more offline centers, leveraging technology, and converting its massive user base into paying customers will be key.
If it succeeds, this IPO could be the turning point that redefines how the market views edtech in India.
“PhysicsWallah’s IPO Pops Like a Physics Experiment Shares Soar 49%, EdTech Giant Now Worth $5.2 Billion”
