New Delhi: The shares of edtech company PhysicsWallah made their stock market debut on 18 November, i.e., Tuesday. The company’s shares were listed on the NSE at Rs 145.00 per share with a premium of 33.03 per cent as against its issue price of Rs 109 per share. At the same time, PhysicsWallah’s shares were listed on the BSE at Rs 143.10 per share, which is 31.28% more than its issue price. Investors made good money with the huge entry of Edtech company’s IPO in the market.
Edtech – the edtech firm of Alakh Pandey is very popular among students. However, despite this, the IPO did not get as many subscriptions as expected. PhysicsWallah’s IPO received 1.92 times the subscription overall. It was subscribed 1.14 times in the retail category, 2.86 times in the QIB category and 0.51 times in the NII category.
GMP made the leap
The latest GMP of PhysicsWallah IPO was recorded at Rs 14 on the morning of 18th November. It was estimated to be listed in the price band of Rs 109 to Rs 123. It was showing a listing gain of 12.84%. The surge in its grey market premium was seen before the listing. Prior to this, it was roaming between 5 and 9 rupees.
This edtech company helps students who are preparing for competitive exams like JEE and NEET. This platform runs on a hybrid model of online content and offline classes.
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