Compared to Lenskart, the subscription of Physicswala IPO was not anything special. But in terms of debuting in the stock market, the edtech company left Lenskart miles behind. No one expected that Physicswala would be listed in the stock market in this manner. The company gave returns of more than 30 percent to investors as soon as it was listed, which was seen rising by more than 40 percent from the issue price within a short time. This means that if an investor buys one lot, he earns around Rs 7300 in one go. Let us also tell you what kind of figures are being seen for Physicswala shares in the stock market.

Tremendous listing of Physicswala IPO

Physicswala shares made a good debut on the stock markets on Tuesday, listing on NSE at Rs 145, a 33 per cent premium to the issue price of Rs 109. Whereas during the trading session the company's shares also reached the day's high of Rs 161.99. However, at 10:55 am, the company's shares are trading at around Rs 147, up 34.47 per cent from the issue price.

On the BSE, the edtech company was listed at Rs 143.10 with a gain of 31 per cent and within a short time the company's share came down to Rs 162.05 with a premium of more than 44 per cent. However, at 10:55 am it is trading at Rs 146.90 with a premium of about 35 percent.

Made big money as soon as it was listed

Physicswala has made huge profits as soon as it got listed in the stock market. Talking about the figures, one lot size of Physicswala was 137. Whereas its price was Rs 14,933. Whereas the issue price of the company's shares was Rs 109. The company's shares were listed at Rs 143.10 on BSE. As soon as the company debuted on BSE, the value of 137 shares was increased to Rs 19,604.7. This means that investors earned Rs 4,671.7 on one lot. The company's shares also reached Rs 162.05 during the trading session. Due to which the value of one lot came to Rs 22,200.85. In such a situation, investors made a profit of Rs 7,267.85 from one lot size.

How much was the IPO worth?

The total IPO size of Physicswala's IPO was Rs 3,481 crore which included new issue of Rs 3,100.71 crore and OFS of Rs 380 crore. The public subscription period ran from 11–13 November, and allocations were finalized on 14 November. The company raised Rs 1,563 crore from anchor investors on November 10, indicating strong institutional confidence. The anchor book comprised 14.33 crore shares, with a mandatory lock-in period of two tranches till mid-December and mid-February.

How much subscription did you get from whom?

Overall subscription closed at 1.92 times, mainly QIB contribution of 2.86 times. Retail investors subscribed 1.14 times, while the NII segment remained weak at 0.51 times, indicating limited interest from HNIs. Strong interest of 3.71 times was seen in the employee quota, which was supported by a discount of Rs 10 to the issue price.

How were the company's earnings?

Physicswala, founded by Alakh Pandey, offers courses for preparation of competitive exams and is one of the top 5 edtech firms in India in terms of revenue. As of June 30, 2025, the company had 41.3 lakh online transacting users, 3.3 lakh offline students, 303 hybrid/physical centres, 6,267 faculty members and over 1.37 crore YouTube subscribers. Revenue increased by 51 per cent to Rs 3,039 crore in FY25, while net loss declined to Rs 243 crore from Rs 1,131 crore a year ago. EBITDA was positive at Rs 193.20 crore, indicating improvement in operating efficiency.