๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

News on Medial

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

EntrackrEntrackr ยท 4m ago
PhysicsWallah lists at Rs 145 with 33% premium on stock exchange
Medial

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. PhysicsWallahโ€™s IPO, which was open for subscription between November 11โ€“13, had a price band of Rs 103โ€“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, driven primarily by institutional participation. The retail portion was subscribed 1.05X, while QIBs (excluding anchors) subscribed 2.7X. The company has lined up a sizeable expansion plan. As per its RHP, the fresh proceeds will be deployed to scale PWโ€™s offline footprint, bolster its tech infrastructure, and pursue acquisitions across test prep and skilling categories. Ahead of the listing, PhysicsWallah raised Rs 1,563 crore from anchor investors, attracting domestic mutual funds including ICICI Prudential MF, Kotak MF, Nippon MF, and global names such as Fidelity. Founded in 2020, PhysicsWallah has emerged as one of the few profitable large-scale players in Indiaโ€™s edtech ecosystem, even as the sector battles a prolonged funding downturn. The company operates more than 500 offline centres under the Vidyapeeth and Pathshala brands and claims over 1 crore monthly active users across its digital properties. Financially, the startup posted Rs 2,887 crore revenue with Rs 243 crore loss in FY25. In Q1 FY26, it clocked Rs 847 crore revenue while losses widened to Rs 127 crore. PhysicsWallah is now the first Indian edtech company to deliver meaningful listing gains to its investors. The stock was trading at Rs 155.5 as of 10:00 AM, translating into a 38% premium over its issue price.

Related News

PhysicsWallah raises stake in Utkarsh Classes to 75.5%

EntrackrEntrackr ยท 3m ago
PhysicsWallah raises stake in Utkarsh Classes to 75.5%
Medial

PhysicsWallah raises stake in Utkarsh Classes to 75.5% In a regulatory disclosure on Monday, PhysicsWallah said its audit committee cleared the acquisition of 25,599 equity shares from existing shareholders. Edtech firm PhysicsWallah has approved the third tranche of its investment in subsidiary Utkarsh Classes & Edutech Private Limited, taking its stake to 75.50%. The transaction will raise PhysicsWallahโ€™s holding from 63.25% to 75.50%. The two firms have been operating under a long-term strategic joint venture since early 2023. The acquisition is part of a multi-tranche Share Acquisition Terms Agreement (SATA) signed in February 2023, under which PhysicsWallah plans to acquire up to 100% ownership in Utkarsh Classes. The third tranche will be completed through a cash payment of Rs 26.50 crore. This includes the purchase of shares with a face value of Rs 10 each, acquired at a premium of Rs 10,342 per share. Founded in November 2018, Utkarsh Classes operates in the education segment, running coaching centres and offering educational content and course materials. The company reported a turnover of Rs 168.96 crore in FY25, Rs 146.97 crore in FY24, and Rs 158.92 crore in FY23. PhysicsWallah expects to complete the acquisition of the remaining stake by March 2028. The development comes soon after PhysicsWallah public listing. The firm listed at Rs 145 on the stock exchanges, a premium of around 33% over the IPO price. The company raised about Rs 3,480 crore through the public issue, which included a fresh issue and an offer for sale.

PhysicsWallah posts Rs 1,082 Cr revenue in Q3 FY26; profit grows 33%

EntrackrEntrackr ยท 1m ago
PhysicsWallah posts Rs 1,082 Cr revenue in Q3 FY26; profit grows 33%
Medial

PhysicsWallah posts Rs 1,082 Cr revenue in Q3 FY26; profit grows 33% Edtech unicorn PhysicsWallah delivered strong performance in Q3 FY26, in which the company posted 34% year-on-year revenue growth. The companyโ€™s profit crossed Rs 100 crore mark during the quarter. PhysicsWallahโ€™s operating revenue grew nearly 34% to Rs 1,082 crore in Q3 FY26 from Rs 810 crore in Q3 FY25, according to its consolidated financial statement sourced from NSE. While the filing does not disclose a detailed revenue breakup, the company primarily earns from its online and offline courses for JEE, NEET, other engineering exams, and state boards, along with the sale of study materials. It also made Rs 65 crore via interest and gains on financial assets which took the overall revenue to Rs 1,147 crore in Q3 FY26. For the nine-month period, the companyโ€™s revenue increased 31% to Rs 2,981 crore as compared to Rs 2,277 crore, a year earlier. On the expense side, employee benefits remained the largest cost centre, accounting for 50% of total expenses at Rs 490 crore in Q3 FY26, a 41% rise from the same quarter last year. Depreciation and amortisation expenses stood at Rs 113 crore, while direct expenses increased nearly 22% to Rs 113 crore during the quarter. Total expenses for the Alakh Pandey-led firm rose 33% year-on-year to Rs 980 crore in Q3 FY26 from Rs 738 crore in Q3 FY25. The companyโ€™s profit increased by 33% to Rs 102 crore in Q3 FY26 from Rs 77 crore in Q3 FY25. Sequentially, the companyโ€™s profit rose 46% from Rs 70 crore in Q2 FY26. At the end of todayโ€™s trading session, the Noida-based companyโ€™s share price closed at Rs 122, giving it total market capitalization of Rs 34,888 crore ($3.8 billion). PhysicsWallah made a stronger-than-expected public market debut, listing at Rs 145 per share on the NSE, a 33% premium over its issue price. The Rs 3,480 crore IPO comprised a Rs 3,100 crore fresh issue and an offer for sale of Rs 380 crore.

PhysicsWallahโ€™s profit surges 70% in Q2 FY26, grants ESOPs worth Rs 500 Cr

EntrackrEntrackr ยท 3m ago
PhysicsWallahโ€™s profit surges 70% in Q2 FY26, grants ESOPs worth Rs 500 Cr
Medial

Recently listed edtech unicorn PhysicsWallah delivered strong performance in Q2 FY26, posting 26% year-on-year revenue growth. The companyโ€™s profit also surged 70% to Rs 69.7 crore during the quarter. PhysicsWallahโ€™s operating revenue grew nearly 26% to Rs 1,051.26 crore in Q2 FY26 from Rs 832.17 crore in Q2 FY25, according to its consolidated financial statement sourced from NSE. While the filing does not disclose a detailed revenue breakup, the company primarily earns from its online and offline courses for JEE, NEET, other engineering exams, and state boards, along with the sale of study materials. It also made Rs 47.14 crore via interest and gains on financial assets which took the overall revenue to Rs 1,098.4 crore in Q2 FY26. On the expense side, employee benefits remained the largest cost centre, accounting for 47.3% of total expenses at Rs 473 crore in Q2 FY26, a 38% rise from the same quarter last year. Depreciation and amortisation expenses stood at Rs 104.7 crore, while advertising costs increased nearly 40% to Rs 84.3 crore during the quarter. Total expenses for the Alakh Pandey-led firm rose 25% year-on-year to Rs 999.55 crore in Q2 FY26 from Rs 800.43 crore in Q2 FY25. Coming to the bottom line, the companyโ€™s expanded operating scale pushed its profit up by 70% to Rs 69.7 crore in Q2 FY26. For H1 FY26, the WestBridge Capital-backed companyโ€™s revenue grew nearly 30% year-on-year to Rs 1,898.3 crore, while its losses widened 87% to Rs 57.3 crore during the same period. At the end of todayโ€™s trading session, the Noida-based companyโ€™s share price closed at Rs 135.94, giving it total market capitalization of Rs 38,875 crore ($4.4 billion). Last month, PhysicsWallah made a stronger-than-expected public market debut, listing at Rs 145 per share on the NSE, a 33% premium over its issue price. The Rs 3,480 crore IPO comprised a Rs 3,100 crore fresh issue and an offer for sale of Rs 380 crore. In a separate exchange filing, PhysicsWallah announced a fresh grant of employee stock options under its ESOP 2025 plan, covering 3.67 crore equity shares. Based on the current share price of Rs 135.94, the newly issued ESOPs are valued at around Rs 500 crore.

Indiqube Spaces lists at discount; market cap hovers at Rs 4,400 Cr

EntrackrEntrackr ยท 8m ago
Indiqube Spaces lists at discount; market cap hovers at Rs 4,400 Cr
Medial

Indiqube Spaces lists at discount; market cap hovers at Rs 4,400 Cr Flexible workspace provider Indiqube Spaces made a muffled debut on the stock exchange on Wednesday, listing at Rs 216 on the NSE (National Stock Exchange), a 9% discount to its issue price of Rs 237. While the listing saw a strong response to its Rs 700 crore public offer, which included Rs 650 crore of new shares and Rs 50 crore sold by existing investors, the issue was oversubscribed more than 12 times. Most of the demand came from large institutional investors. At the same time, retail investors bid nearly 13 times the number of shares available to them, while the non-institutional (high-net-worth) category was subscribed to over 8 times. Founded in 2015, Indiqube provides managed workspace solutions to startups, enterprises, and SMEs, with a presence across major Indian cities. The company plans to use the IPO proceeds primarily to repay debt, fund capex, and for general corporate purposes. The tepid listing puts pressure on the company to deliver on its growth plans amid increasing competition in the flexible office segment. While the IPO attracted marquee anchor investors, with investments of Rs 374 crore from HDFC MF, ICICI Pru, Nippon Life, and White Oak, public market investors appear to be treading cautiously. Financially, IndiQube reported a 27.5% YoY revenue growth, clocking Rs 1,059 crore in FY25, compared to Rs 830 crore in FY24. The company also cut its losses by 59% to Rs 139.5 crore, from Rs 341.5 crore a fiscal earlier. Indiqube was trading at Rs 210.85 (as of 11.15 AM) on NSE with a total market capitalization of Rs 4,428 crore (approximately $521 million). It competes with Awfis, which debuted on the stock exchanges in May last year with a strong listing, opening at a 13% premium to its issue price. Smartworks, which went public earlier this month, also saw a positive start, listing at a 7% premium.

Edtech unicorn PhysicsWallah receives SEBI nod for IPO

EntrackrEntrackr ยท 8m ago
Edtech unicorn PhysicsWallah receives SEBI nod for IPO
Medial

Edtech unicorn PhysicsWallah receives SEBI nod for IPO Backed by investors including Lightspeed, WestBridge, Hornbill Capital, and GSV Ventures, PhysicsWallah has an estimated valuation of $2.8 billion. Edtech unicorn PhysicsWallah has received approval from the Securities and Exchange Board of India (SEBI) for its pre-IPO draft filing, clearing a major regulatory hurdle on its path to public markets. The Noida-based company submitted its draft under SEBIโ€™s confidential route in March this year. With this approval, PhysicsWallah is set to raise around Rs 4,600 crore (about $533 million) through a mix of fresh issuance and an offer for sale, joining the pipeline of new-age tech firms eyeing the bourses in 2025. Backed by investors including Lightspeed, WestBridge, Hornbill Capital, and GSV Ventures, PhysicsWallah has an estimated valuation of $2.8 billion. It will also become the first edtech unicorn to hit the stock exchange. In March, the company inducted three independent directors to its board to align with public company norms and best practices. Last month, it also appointed Satish Sharma as Chief Marketing Officer to bolster its brand strategy and expansion plans. PhysicsWallah also completed its conversion to a public entity this year, a prerequisite for listing on the Indian stock exchanges. The move is part of the companyโ€™s broader strategy to institutionalize operations as it prepares for public scrutiny and capital market participation. While the company has yet to file its annual financial statements for FY25, it posted revenue of Rs 1,940.4 crore for FY24 with a loss of Rs 375 crore. The company has a deep focus on offline operations and expects to clock more than Rs 1,000 crore in revenue from this segment. It also plans to open more centres in both existing and new cities. The development comes at a time when the edtech sector is struggling in terms of fundraising and scaling. However, PhysicsWallahโ€™s IPO will mark a significant milestone for the Indian edtech sector, potentially paving the way for more tech startups to test the public markets.

Download the medial app to read full posts, comements and news.