Physicswallah shares fall 5% as IPO lock-in expiry frees up Rs 2,949 crore worth of shares. Do you own?

Synopsis

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.

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The shares of edtech platform Physicswallah dropped nearly 5% on Monday morning as nearly 26 crore shares worth around Rs 2,949 crore, representing 9% of the company’s total equity, became eligible for trade after the six-month lock-in period expires today, according to Nuvama Institutional Equities.

Physicswallah share price

Physicswallah shares had made a healthy market debut in November last year, listing with a premium of 33% over the IPO price at Rs 145 apiece on NSE. This came after the Rs 3,481 crore IPO was subscribed nearly 2 times its offer size, primarily driven by strong interest from the qualified institutional buyers (QIB).

On the day of listing, the shares of the Alakh Pandey-founded company surged to Rs 161.99 apiece, before beginning to decline. The stock crashed 52% in less than four months to hit a record low of Rs 77.72 apiece on March 4 this year.

The stock has so far recovered 47% from that level to close at Rs 113.85 apiece on Friday. It is however still down 22% from its listing price of Rs 145 apiece and 5% higher than its IPO price of Rs 109 apiece.

Physicswallah shares declined nearly 5% to hit an intraday low of Rs 108.30 apiece on Monday morning. The stock then recovered some of the losses to trade at around Rs 112.79 apiece, as seen at 11 am. The company currently has a market capitalisation of Rs 32,255 crore.

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Physicswallah earnings snapshot

Physicswallah in February this year reported a 34% year-on-year (YoY) rise in operating revenue to Rs 1,082.4 crore for the October-December quarter of FY26, driven by growth in paid users and expansion of its offline centre network.

Its net profit meanwhile rose to Rs 102.3 crore in Q3 FY26, compared with Rs 70 crore in Q2 FY26.

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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

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