"Priced at ₹109, the company's shares climbed as high as ₹161.99 before closing at ₹156.49, valuing the seven-year-old company 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. The strong IPO highlights the remarkable growth arc of Physics Wallah, which started off as a YouTube channel run by founder Alakh Pandey in 2016."
"In the financial year 2025, Physics Wallah said its revenue increased 49% to ₹28.9 billion (approximately $326 million) from a year earlier, while its net loss narrowed to ₹2.4 billion (roughly $27.5 million) from ₹11.31 billion (about $127.7 million). Online channels accounted for 48.6% of operating revenue, while offline centers contributed 46.8%. The company also reported a 4.5 million paying subscribers, a 23% increase from last year."
Physics Wallah ended its first day as a public company with shares closing 44% higher than the listing price, reaching a valuation of about ₹448 billion (~$5 billion). The shares were priced at ₹109, rose to ₹161.99 intraday, and closed at ₹156.49. Fiscal year 2025 revenue increased 49% to ₹28.9 billion while net loss narrowed to ₹2.4 billion. Online channels accounted for 48.6% of operating revenue and offline centers 46.8%. The company reported 4.5 million paying subscribers, a 23% year-over-year increase, and traces origins to a 2016 YouTube channel.
Read at TechCrunch
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