Edtech firm PhysicsWallah delivered a standout market debut on Tuesday, listing at a hefty premium and surging further in early trade, while solar module manufacturer Emmvee Photovoltaic Power saw a flat opening with subdued movement.
Shares of PhysicsWallah made a stellar stock market debut today, defying pre-listing expectations.
The stock opened at ₹145 on the NSE, a sharp 33 per cent premium over its IPO price of ₹109. On the BSE, the stock listed at ₹143.10, reflecting a 31.2 per cent gain.
Minutes into trade, investor enthusiasm pushed the price further to ₹162, underscoring strong demand on debut day.
At 10.15 am, the stock traded at ₹145.78 on the NSE.
The coming weeks will test whether the company can sustain this early momentum as it deploys IPO proceeds toward expansion, infrastructure, and growth initiatives.
The ₹3,480-crore IPO of PhysicsWallah received at a price band of ₹103-109 per share.
The issue comprised of a fresh issue of equity shares worth ₹3,100 crore and an Offer for Sale (OFS) of up to ₹380 crore by the promoters — Alakh Pandey and Prateek Boob. Ahead of the IPO, the company raised ₹1,563 crore from anchor investors.
Emmvee Photovoltaic Power
Meanwhile, Emmvee Photovoltaic Power made a quiet entry into the stock market, with its shares debuting at ₹217 on both the NSE and BSE, same as its IPO price.
It then gradually oscillated within a narrow band, drifting between ₹206 and ₹219 through the trading session.
The ₹2,900-cr offer received The IPO comprised a fresh issue of shares worth ₹2,143.86 crore and an offer for sale (OFS) of shares valued at ₹756.14 crore by promoters, at a price band of ₹206-217.
The solar photovoltaic modules and solar cells maker mobilised ₹1,305 crore from anchor investors.