Shares of edtech platform PhysicsWallah delivered strong listing gains of 36% when they debuted on Tuesday, November 18.

The stock listed at ₹145 on the NSE, compared with its issue price of ₹109 per share. On the BSE, the stock made a 31% premium debut at ₹143.10.

PhysicsWallah's post-issue market capitalisation stood at ₹45,974.84 crore.

The listing was well above grey market expectation, where shares of PhysicsWallah were commanding a 13% premium today. The grey market is an informal ecosystem where shares trade before IPO allotment and continue until listing day. Many investors track the GMP to gauge potential listing prices.

The edtech firm's ₹3,480-crore IPO was subscribed nearly two times during the November 11–13 issue window. The maiden public issue received bids for 33.62 c

See Full Page