KUBERGROW TEAM PhysicsWallah Shares See Partial Profit Booking After 49% Jump Over IPO Price
The shares of PhysicsWallah made a strong market debut on November 18, listing with a 33% premium over its IPO price at ₹145 apiece on the NSE. The stock surged further to its day’s high at ₹161.99, marking a 49% increase over IPO price, before settling slightly after partial profit booking.
The market capitalization of PhysicsWallah currently stands at ₹42,618 crore, reflecting robust investor confidence in the company’s hybrid learning model and strong brand recognition.
Strong Debut Beats Grey Market Expectations
Prior to listing, PhysicsWallah’s unlisted shares were trading at approximately 13% grey market premium (GMP). This improved significantly from zero percent GMP on the day the IPO closed (November 13). The strong listing performance shows that the market is optimistic about the company’s future, fueled by its scalable digital content engine, expanding offline presence, and a loyal student base.
Should You Buy, Sell, or Hold PhysicsWallah Shares?
Analysts recommend a strategic approach for investors:
Shivani Nyati, Head of Wealth at Swastika Investmart, suggests booking partial profits while holding remaining shares for medium-term growth with a stop-loss of ₹130.
Siddharth Maurya, Founder of Vibhavangal Anukulakara, advises caution, emphasizing the need for PhysicsWallah to convert its millions of free users into paying subscribers while managing operational costs.
The decision to buy, sell, or hold PhysicsWallah shares largely depends on your risk appetite and investment horizon.
Key Drivers for Mid-to-Long Term Returns
Experts highlight the following factors for PhysicsWallah’s future growth:
Hybrid Learning Expansion: Offline PW Pathshala centers complement online offerings, allowing deeper penetration into Tier II and III markets.
Competition in Edtech: Strong players like Byju’s and Unacademy pose challenges for sustaining growth and profitability.
Scalable Content & Loyal Users: Over 300 hybrid and offline centers, a multi-format learning ecosystem, and deep student connect are key advantages.
According to Shravan Shetty, MD of Primus Partners, achieving rapid, sustainable growth while retaining top educational talent is critical for mid- to long-term returns.
Profitability and Risks
Despite the surge in share price, profitability remains elusive. PhysicsWallah has reported cumulative losses exceeding ₹1,400 crore across FY23–FY25. Fresh IPO proceeds are being directed toward offline expansion, marketing, and tech infrastructure. Investors should note:
Negative earnings base and high valuation make this IPO a long-term growth play.
Conservative investors may want to wait for consistent profitability before investing.
High-risk investors could participate in small amounts, betting on eventual operating leverage and monetization.
Conclusion: Long-Term Potential Amid Short-Term Volatility
PhysicsWallah shares are attracting attention after their impressive IPO performance. While partial profit booking caused a small dip, the company’s hybrid model, brand loyalty, and digital content scale suggest promising medium- and long-term potential. Investors should weigh their risk appetite, market position, and the company’s execution capability when deciding whether to buy, sell, or hold PhysicsWallah shares.
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Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult financial advisors before making any investment decisions.
