PhysicsWallah share price soars nearly 50% on debut for over $5-billion valuation

PhysicsWallah's share price rose as much as 48.66% over the IPO price of ₹109 after listing at a premium of 33%. That gave it a valuation of over $5 billion.

PhysicsWallah Ltd. soared on its trading debut today for a valuation in excess of $5 billion, as prospects of continued growth fuelled investor appetite.

Physics Wallah co-founder Alakh Pandey and Prateek Maheshwari at the listing ceremony of their company at the National Stock Exchange in Mumbai on Tuesday (18 November 2025).(NSE)

PhysicsWallah's share price rose as much as 48.66% over the IPO price of ₹109 to ₹162.05 on the BSE even as the benchmark Sensex traded up to 0.5% lower. The stock listed at a premium of 33%.

The company, co-founded by Alakh Pandey and Prateek Maheshwari, is the first edtech firm to go public after the sector saw Byju's—once valued at $22 billion—collapse into insolvency, bringing down the entire industry with it. Peers like Unacademy are stuggling for survival, so much so that the company might get sold at a fraction of its valuation.

PhysicsWallah had targeted a valuation of $3.19 billion (about ₹28,000 crore) from its ₹3,500-crore IPO, which garnered bids worth ₹3,673.29 crore.