PHYSICSWALLAH IPO
PhysicsWallah Q2 net profit doubles to Rs 144 crore, revenue rises 18%
The recovery followed a disruption to the admission cycle after the NEET UG (National Eligibility cum Entrance Test - Undergraduate) results were delayed till July 16. Although online enrolments for the medical entrance examination grew over 30% in the September quarter, the company said admissions and collections for the full admission cycle remained below last year.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian equities rebounded on Monday after eight consecutive weekly losses, with Sensex rising 473 points and Nifty gaining 134 points. Softer US jobs data and lower crude prices supported sentiment, though analysts flagged bond yields, currency risks, RBI policy and earnings uncertainty.
Motilal Oswal sees 4 factors boosting risk-reward after market’s sharp fall from 2024 high, lists 27 stock picks
Motilal Oswal Financial Services sees improving risk-reward for Indian equities as valuations cool, earnings recover and domestic liquidity remains strong. The brokerage also highlights sectoral rotation and names 27 stocks across large-, mid- and small-cap segments as top ideas.
BSE IPO index surges 35% in five months of FY27, hits record high on strong listings
The BSE IPO index reached an all-time high, surging 35% in five months. Its SME counterpart also jumped 55%, marking a strong performance for recent listings. These gains significantly outpaced the broader market indices like Sensex and Nifty. However, the rally was concentrated, with a few stocks driving most of the gains. Retail and HNI investors are favoring fresh growth stories over established large-cap companies.
IFCI shares rally 6% as NSE IPO buzz lifts sentiment; stock gains 35% in a month
IFCI Share Price: IFCI shares surged over 6% as optimism around the long-awaited NSE IPO boosted investor interest in the state-owned financial services company, which indirectly holds more than 4% of NSE through SHCIL. The stock has rallied nearly 35% in a month, while NSE’s potential IPO valuation and regulatory risks remain key factors for investors.
PhysicsWallah shares surge over 4% after Motilal Oswal initiates coverage with Buy rating. Should you buy?
PhysicsWallah shares surged over 4% after Motilal Oswal initiated coverage with a ‘Buy’ rating and a Rs 200 target price, implying about 66% upside. The brokerage highlighted the company’s capital-efficient model, strong online presence and scalable offline network, while projecting revenue and EBITDA growth through FY28 and flagging competition, execution and AI-related risks.
Tech layoffs continue; ITC Infotech-Happiest Minds to merge
Happy Tuesday! Tech giants Oracle and Microsoft are planning to restructure their India workforces. This and more in today’s ETtech Morning Dispatch.
WestBridge books 2.6x return on Rs 130-crore partial PhysicsWallah exit
WestBridge began monetising its holding in PhysicsWallah as the stock recovered from its post-listing lows. It is likely to continue trimming its stake in the current quarter, people aware of the matter told ET.
Lightspeed exits PhysicsWallah in Rs 550 crore block deal with 30% return
The transaction gives Lightspeed a relatively modest return from its nearly two-year investment in PhysicsWallah. The investor had put about Rs 420 crore into the company in October 2024. PhysicsWallah's prospectus puts Lightspeed's acquisition cost, adjusted for subsequent conversion and bonus shares, at Rs 89.86 apiece.
Physicswallah shares jump 5% after block deal worth Rs 550 crore. What’s ahead after 63% rally in 6 months?
PhysicsWallah shares surged around 5% after nearly 4.67 crore shares worth about Rs 550 crore changed hands in a block deal at Rs 117.72 apiece. The stock has recovered sharply from its March low, while improving Q1 FY27 financials and a Buy rating from JM Financial point to a more positive outlook.
Physicswallah shares fall 5% as IPO lock-in expiry frees up Rs 2,949 crore worth of shares. Do you own?
Physicswallah shares experienced a nearly 5% drop on Monday morning as a significant portion of the company's equity became tradable post-lock-in expiry. This event follows a volatile trading history since its market debut, with the stock still trading below its listing price despite recent recovery.
PhysicsWallah is the ‘good boy’ in a tough neighbourhood: Cofounder Prateek Maheshwari
PhysicsWallah’s founders celebrated the company’s strong market debut and its rise from a small Allahabad room to a prominent publicly listed edtech firm. They stressed that the IPO is only a minor milestone, reaffirming their mission to deliver affordable education nationwide and bring forward talent from every corner of the country.
PhysicsWallah IPO: Important numbers to know before the listing
PhysicsWallah, soon to become India’s first publicly listed edtech firm after the sector’s shake-up, saw a slow start to its IPO before institutions lifted demand on the final day. Subscription was mixed, the grey market cooled, and anchor investors played a major role. Here are all the numbers you need to know before the listing.
PhysicsWallah shares set to list on bourses, GMP hints at 9% listing pop. What to expect?
PhysicsWallah shares will list on the BSE and NSE on November 18, with the Rs 3,480 cr IPO, one of the largest ever from India’s edtech sector, drawing tepid overall subscription of 1.92 times but a late uptick in grey market sentiment.
PhysicsWallah IPO allotment today: Here’s how to check your status, GMP and what to expect from listing
PhysicsWallah's Rs 3,480 crore IPO, one of the largest in Indian edtech, is set to finalize allotment on Friday with moderate subscription and a 0% grey market premium, indicating a cautious listing. The company, known for its hybrid model and diverse courses, reported strong revenue growth but remains loss-making, with IPO funds earmarked for offline expansion and technology investments.
PhysicsWallah IPO final day: Weak GMP, tepid subscription. Should you consider bidding?
PhysicsWallah’s Rs 3,480 crore IPO entered its final day with weak demand and a subdued grey market premium of just 1.25%. The issue was subscribed only 16% by Day 2 so far, led by retail interest. Analysts remain divided on valuations and growth prospects despite the edtech firm’s profitability and expanding hybrid learning footprint.
PhysicsWallah IPO Day 2: Check GMP movement, subscription update, analyst insights and key highlights
PhysicsWallah’s IPO grey market premium fell to 1.83%, down from 2.75%, over its issue price of ₹109 per share. The IPO remains open for subscription until November 13, with the stock slated to list on the NSE and BSE on November 18.
PhysicsWallah IPO Day 1: Subscription status, GMP trend, Analyst views, and key details
Edtech firm PhysicsWallah’s Rs 3,480 crore IPO opened with 5% subscription on Day 1 and a 2.75% grey market premium. Analysts gave mixed ratings amid strong growth but stretched valuations.
PhysicsWallah IPO opens for bidding: Check GMP, brokerages review, subscription and other details
PhysicsWallah Ltd's Rs 3,480 crore IPO opens for subscription on Tuesday. The edtech major aims to raise funds for expanding its learning centres and infrastructure. The issue is priced between Rs 103–109 per share. Shares are expected to list on November 18. Market sentiment for new-age tech listings is mixed. The company has shown strong growth and a profitable model.
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