PhysicsWallah made a b listing on the stock market with a 33% premium. Shares opened at Rs 145 on NSE, providing investors with a profit of approximately Rs 4,932 per lot. The listing was significantly better than grey market estimates.
PhysicsWallah IPO: Edtech company PhysicsWallah made a stellar debut on the stock market on Tuesday. The company's shares listed on NSE at Rs 145, which is Rs 36, or approximately 33 percent, higher than the upper end of the price band of Rs 109. On BSE, shares listed at Rs 143, which is 31 percent above the price band.
Better Performance Than Grey Market Estimates
Before listing, PhysicsWallah IPO was trading at Rs 123 in the grey market, which was only Rs 14 higher than the issue price. However, the official listing was significantly ber in comparison, providing investors with substantial listing gains.
Significant Profit for Investors on Each Lot
One lot of PhysicsWallah IPO consisted of 137 shares. Based on the listing price, investors received a total profit of Rs 4,932 per lot. This listing gain has brought good returns for small investors.
Issue Size and Fund Raising
The company aimed to raise a total of Rs 3,480 crore through the public issue. This included the issuance of 28.44 crore new equity shares worth Rs 3,100 crore. Additionally, 3.49 crore shares worth Rs 380 crore were offered under the Offer for Sale (OFS). The price band for the issue was set between Rs 103 and Rs 109.
Varied Response During Subscription
PhysicsWallah IPO did not receive very high subscription from investors. Qualified Institutional Buyers (QIBs) subscribed to it 2.7 times. The response from retail investors was 1.06 times, while non-institutional investors subscribed to it 0.48 times. The company finalized the allotment on November 14.
Important Update for Investors
If you invest in IPOs, PhysicsWallah's listing could be an indication that IPOs with b business models and market confidence can yield good returns.
