PHYSICSWALLAH PUBLIC LISTING
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.
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.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian equities recovered sharply from Friday’s lows as easing oil prices and bond yields lifted sentiment. Sensex and Nifty closed lower, while weak breadth, foreign outflows and geopolitical risks kept bears in control despite selective buying and resilient domestic fundamentals.
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.
Block deals test valuations; gig platforms quit welfare board
Happy Friday! Block deals are putting startups’ private valuations to the test. This and more in today’s ETtech Morning Dispatch.
Startup block-deal rush puts private valuations to the cash test
A rush of block deals in newly listed Indian startups is putting private-market valuations to the test. Early investors in Groww and Meesho have made standout returns, while late-stage investments have delivered mixed outcomes. As IPO lock-ins expire, public-market price discovery is showing which private valuations hold up and how investors are cashing out.

PhysicsWallah to raise stake in Sarrthi IAS to 51% for Rs 72 crore
PhysicsWallah’s board approved the second tranche of the acquisition on July 16, along with revisions to the valuation methodology and purchase consideration for this leg of the deal, according to a stock exchange filing. The Noida-based company currently owns 40% of Sarrthi IAS, which is operated by Guiding Light Education Technologies.

PhysicsWallah dials down schools push after investor unease
PhysicsWallah is shifting its K-12 expansion strategy to an asset-light, online-led model, moving away from capital-intensive school operations. This pivot aims to reassure investors by focusing on school partnerships and online platforms, while limiting K-12 revenue contribution to less than 1%.

PhysicsWallah posts 50% rise in Q4 revenue; swings to a Rs 69 crore loss
Noida-based PhysicsWallah saw operating revenues climb 50% year-on-year to Rs 919 crore for the quarter ending March 31, 2026. Despite this growth, the company reported a net loss. Full-year revenues increased 35% to Rs 3,899 crore, with losses narrowing significantly. Online and offline enrolments showed strong gains. The company continues investing in AI initiatives.

PhysicsWallah posts 34% rise in Q3 revenue; profit up at Rs 102 crore
The Noida-based edtech firm, which recorded revenue of Rs 2,980.7 crore for the nine months ended December 2025, said it has already exceeded full-year FY25 revenue. PhysicsWallah, which is operating across 16 categories, said it has seen strong early traction in newer exam segments such as state boards.

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’s growth prospects justify IPO valuation despite rising losses: Analysts
PhysicsWallah's stock surged on its market debut, surprising many after a subdued initial public offering. The edtech firm's valuation is under scrutiny due to increasing losses. Despite this, the company is in a hyper-growth phase. Analysts are divided on its valuation, but agree on its growth potential in the edtech sector.

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 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’s Rs 3,480 crore IPO opens: here's all you need to know
PhysicsWallah has opened its IPO for subscription, and is set to become India’s first edtech firm to go public after Byju’s collapse. Priced at Rs 103–109 per share, the issue closes on November 13. The shares are expected to list on the NSE and BSE on November 18.

IPO-bound PhysicsWallah grows 33% in Q1FY26, but losses widen
IPO-bound PhysicsWallah reported a 33% revenue jump to Rs 847 crore in Q1FY26, though net losses widened to Rs 127 crore due to a 39% rise in expenses. The edtech unicorn's offline segment led revenue at 48.75%, with its Rs 3,480 crore IPO set for November 11.

PhysicsWallah first edtech firm to get Sebi's nod for IPO; six other issues approved
Several companies are planning to launch their IPOs. PhysicsWallah and Saatvik Green Energy are among seven firms cleared by Sebi. These companies got the regulatory nod this July. They had filed their initial IPO papers earlier this year. Vinir Engineering and Pranav Constructions are also included. However, Gaudium IVF and Women Health has withdrawn its draft papers.
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