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PhysicsWallah IPO Listing: Edtech major PhysicsWallah on Tuesday made a strong debut on the stock market, with the shares being listed at a premium of 33% over the IPO issue price. In the pre-market, the stock settled at Rs 145 apiece on the NSE, compared with the issue price of Rs 109.

Immediately after opening, the Physicswallah shares rose to the day’s high of Rs 161.81 apiece on the NSE, which was 48.5% higher than the issue price.

After the listing, the company’s market cap stood at Rs 43,653.2 crore.

The Rs 3,480-crore IPO was open between November 11 and November 13. The Qualified Institutional Buyers (QIB) category saw strong demand and was subscribed 2.70 times, with most of the interest coming from mutual funds and foreign institutional investors. In

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