Indian edtech startup Physics Wallah ended its first day as a public company on a high, with its shares closing 44% higher than they were listed for, indicating that the country’s edtech sector may still recover after years of gloom.
Priced at ₹109, the company’s shares climbed as high as ₹161.99 before closing at ₹156.49, valuing it at ₹448 billion (around $5 billion). That’s well above its listing valuation of ₹315 billion (approximately $3.6 billion), and roughly 79% higher than its last private valuation of $2.8 billion in September 2024.
Physics Wallah raised ₹3
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