Alakh Pandey net worth: In a significant business development Edtech firm Physic wallah led by famous teacher Alakh Pandey is hogging limelight due to the Initial Public Offer (IPLO) of his company Physic wallah. In the recent development Edtech firm Physic wallah made a powerful entry into the stock market with its IPO which has resulted in an massive change in the net worth of its co-founders Alakh Pandey and Prateek Maheshwari.
Physic wallah’s explosive stock market debut
Physic wallah’s explosive stock market debut has rewritten the fortunes of its co-founders led by CEO Alakh Pandey who has emerged significantly wealthier after the edtech firm’s blockbuster listing. The company which entered the public market amid only modest subscription demand for its ₹3480-crore IPO stunned investors on listing day with a far stronger-than-expected performance that sent its market value and promoter wealth soaring.
How has Physic wallah’s stock performed?
On the first day of trade Physic wallah’s stock listed at ₹143.10 on both the BSE and NSE- an impressive 31.28% premium to its issue price of ₹109. The momentum intensified through the session with the stock closing at ₹155.20 up 42.39% and touching an intraday high of ₹162.05. This single trading day added a remarkable ₹12354 crore to investor wealth and pushed the company’s market capitalisation from ₹32028.56 crore pre-listing to ₹44382.43 crore by the day’s close.
Share update of Alakh Pandey and co-founder Prateek Boob
Both Alakh Pandey and co-founder Prateek Boob had held 105.12 crore shares each prior to the IPO amounting to a 40.31% stake. Through the offer for sale they each sold 1.74 crore shares worth ₹190 crore bringing their individual holdings down to 103.37 crore shares.
Net worth of Alakh Pandey
Notably as per Hurun India Rich List 2025 data education startup co-founder Alakh Pandeys net worth was ₹14510 crore in October. Pandey and co-founder Prateek Maheshwari who held identical stakes and saw matching gains each saw their wealth rise by ₹4729 crore on the day of listing.
Contact to : xlf550402@gmail.com
Copyright © boyuanhulian 2020 - 2023. All Right Reserved.