Physicswallah shares zoom 15%; analysts outline key technical levels

Physicswallah Ltd Shares Surge 15.06% after Market Debut

Shares of Physicswallah Ltd, a newly listed edtech player, have surged 15.06% in Monday's trade, hitting a high of Rs 144 and extending gains.

The stock remains 32.11% above its initial public offering (IPO) issue price of Rs 109, making it a promising investment opportunity.

Company Background

Physicswallah Ltd made its market debut on November 18 after a Rs 3,480-crore IPO, which saw moderate subscription. The issue comprised a fresh equity sale of 28.44 crore shares worth Rs 3,100 crore and an offer-for-sale (OFS) of 3.49 crore shares totalling Rs 380 crore.

Analyst Insights

• Ravi Singh, Chief Research Officer at Mastertrust, noted that the stock appears strong on charts and could climb towards the Rs 150 level. He advised investors to maintain a stop loss at Rs 135 to manage near-term volatility.
• Sebi-registered analyst AR Ramachandran highlighted a bullish structure, stating that Physicswallah's stock price is slightly bullish on daily charts with strong support at Rs 123. A daily close above the resistance of Rs 139 could lead to a target of Rs 162 in the near term.

Company Utilisation of IPO Proceeds

The company intends to utilise the IPO proceeds for:

• Expansion of its offline and hybrid learning centres
• Fit-outs at new facilities
• Lease payments at existing centres
• Investments in subsidiary Xylem Learning
• General corporate purposes

About Physicswallah Ltd

Founded in 2016 by educator Alakh Pandey, Physicswallah has expanded from a YouTube teaching initiative into a broad-based edtech platform with digital courses, offline centres and hybrid learning formats.