PhysicsWallah lists at Rs 145 with 33% premium on stock exchange

Edtech unicorn PhysicsWallah made a stronger-than-expected public market debut on Tuesday, listing at Rs 145 per share on the NSE, a 33% premium over its issue price of Rs 109. On the BSE, the stock opened marginally lower at Rs 143.

PhysicsWallah’s IPO, which was open for subscription between November 11–13, had a price band of Rs 103–109 with a minimum investment size of Rs 14,111. 

The Rs 3,480 crore issue consisted of a Rs 3,100 crore fresh issue and an OFS of Rs 380 crore. The offer saw a modest response with overall subscription at 1.8X,…