PhysicsWallah Share Price Dip Nearly 9% A Day After Listing; Stock Trades At ₹140.63 in Mid-Session

Mumbai, November 19, 2025: PhysicsWallah Limited IPO shares dipped sharply on Wednesday, down 9.29% to ₹140.63 at 2:30 PM IST, a day after its strong market debut. The stock opened at ₹156.50, hitting an intraday high of ₹161 and a low of ₹138.54, reflecting mild profit booking following yesterday’s listing rally.

Trading was active, with over 5.77 crore shares exchanging hands for a total value of ₹880.73 crore in the morning session. The stock recorded a VWAP of ₹152.49, with buy orders totaling 1.40 crore shares and sell orders at 48.85 lakh shares. PhysicsWallah’s market capitalisation currently stands at ₹43,341.50 crore.

Despite the pullback, the stock remains well above its IPO issue price of ₹109. The 52-week high and low stand at ₹161.99 and ₹137.35, both established on the listing day. The IPO debuted at ₹145, a 33% premium to the issue price, and closed its first trading session at ₹156.49, driven by robust institutional support and active retail participation.

PhysicsWallah Limited is an emerging education technology and hybrid learning platform providing both online and offline coaching for JEE, NEET, UPSC, K–12, and government exam categories. The company has more than 300 offline and hybrid centres throughout India and engages a broad digital learning community via apps, live classes, and content channels.

IPO Recap

PhysicsWallah’s ₹3,673-crore IPO recorded an overall subscription of 1.92×, reflecting healthy investor interest across segments. The QIB category (excluding anchors) was oversubscribed 2.86×, while retail investors subscribed 1.14×. Employee participation was notably strong at 3.71×. In contrast, non-institutional investors (NIIs) showed a subdued response with 0.51× subscription.

Prior to the public issue, the firm raised ₹1,562.85 crore from anchor investors at ₹109 per share, allotting 14,33,80,733 shares to marquee domestic and global institutions across 35 mutual fund schemes.

PhysicsWallah Limited is an emerging education technology and hybrid learning platform providing both online and offline coaching for JEE, NEET, UPSC, K–12, and government exam categories. The company has more than 300 offline and hybrid centres throughout India and engages a broad digital learning community via apps, live classes, and content channels.

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