Karnataka CM Siddaramaiah arrived at Shivakumar's residence for the breakfast meeting on Tuesday, where he was welcomed by the Deputy CM and his brother and former MP DK Suresh. Karnataka Chief Minister Siddaramaiah and Deputy CM DK Shivakumar met at the latter's residence over breakfast on Tuesday
Alakh Pandey's wife Shivani Dubey cheers for him at PhysicsWallah IPO listing
Edtech firm PhysicsWallah made its trading debut on Tuesday, with the company's shares being listed at a premium of 33 per cent at the National Stock Exchange (NSE). Top executives of the company were present at the ceremony
Founder and CEO Alakh Pandey got loud cheers from his wife Shivani Dubey, who was seated in the front row at the NSE listing ceremony in Mumbai.
Dubey joined him in the front while the company's chief financial officer (CFO) Amit Sachdeva was speaking. “A bigger applause for Alakh sir for igniting the spark five to 10 years ago, for landing us where we are today,” Sachdeva said.
Sitting next to her husband, Shivani Dubey was spotted applauding as the other top executive of PhysicsWallah spoke.
Alakh Pandey and Shivani Dubey married in February 2023. Pandey had shared photos from his wedding, calling Dubey his “hum safar (life companion).”
At the listing event, Pandey spoke the company's journey and thanked all those who supported him.
"There's an Einstein in India who is selling tea on the roads of Bihar, there is a Madame Curie in India who is selling momos on the roads of Gurgaon. We have to filter them and bring them to the real Indian economy. That is the mission of PhysicsWallah," he said.
At the NSE, ₹145, a premium of 33 per cent from the issue price">the stock got listed at ₹145, a premium of 33 per cent from the issue price.
The company's market valuation stood at ₹43,453.03 crore.
The initial public offering (IPO) of PhysicsWallah received nearly 2 times subscription on the final day of bidding on Thursday last week.
The PhysicsWallah listing comes days after a strong of trading debuts by companies such as Groww and Pine Labs. It is the first edtech firm to go public after the sector saw Byju's going into bankruptcy and players such as Unacademy struggling with layoffs.
(Also Read: Farmer's son who became a billionaire: The meteoric rise of Groww CEO Lalit Keshre)
The keyword “physics wallah share price” was among the most searched terms on Google on Tuesday, with over 50,000 searches. "physics wallah ipo" and "physics wallah ipo share price" were other top searched terms.
(With inputs from PTI and Reuters)
Source: HindustanTimes
Related Posts: CarDekho Group invests $10 million in edtech firm CollegeDekho Dhurandhar Makers Roll Out Blockbuster Tuesday Offer Bengaluru Tuesday Traffic Has People Frustrated Sanchar Saathi app downloads jump 10 times on Tuesday Mamata Banerjee to protest against SIR on Tuesday Board of Trade to meet on Tuesday to discuss ways to boost exports Vikran Engineering IPO to open on Tuesday PhysicsWallah shares make a strong D-St debut Finmin orders probe after trading firm threatens to stop operations First India-made chip module sent to US firm AOS
Karnataka CM Siddaramaiah arrived at Shivakumar's residence for the breakfast meeting on Tuesday, where he was welcomed by the Deputy CM and his brother and former MP DK Suresh. Karnataka Chief Minister Siddaramaiah and Deputy CM DK Shivakumar met at the latter's residence over breakfast on Tuesday
3 months ago
