Physicswallah

June 4 (Reuters) - Shares of India's PhysicsWallah PHYS.NS jumped as much as 16.7% on Thursday after the edtech company said it would partner with regulated non-banking financial companies (NBFCs) to meet student financing needs, instead of pursuing lending through its own finance unit.

(Reporting by Surbhi Misra in Bengaluru; Editing by Sonia Cheema)

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May 27 (Reuters) - Physicswallah Ltd PHYS.NS:

• PHYSICSWALLAH Q4 CONSOL NET LOSS 748.9 MILLION RUPEES

• PHYSICSWALLAH LTD Q4 CONSOL REVENUE FROM OPERATIONS 9.19 BILLION RUPEES

Source text: [ID:]

Further company coverage: PHYS.NS

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** Shares PhysicsWallah PHYS.NS up about 2.5% at 111.12 rupees after HSBC initiates coverage with "buy" rating, TP:135 rupees

** Brokerage says strong demand for academic credentials and India's competitive exam culture continue to support long-term growth for education tech co

** Expects co's adjusted EBITDA to grow at more than 60% CAGR between FY26 and FY30, aided by operating leverage and expansion in offline business

** Adds execution will remain key in India's fragmented education market, as co scales offline presence

** PHYS rated "buy" on average by 6 analysts, median PT at 130 rupees - LSEG-compiled data

** YTD, stock down about 18.3%

(Reporting by Surbhi Misra in Bengaluru)

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April 15 (Reuters) - Physicswallah Ltd PHYS.NS:

• PHYSICSWALLAH - CLARIFIES ON REPORT CO TO ACQUIRE STAKE IN TEST-PREP PLATFORM ROJGAR WITH ANKIT

• PHYSICSWALLAH - CO REMAINS IN DISCUSSIONS WITH RELEVANT PARTIES FROM TIME TO TIME, INCLUDING ONE REFERRED IN THE REPORT

Source text: [ID:]

Further company coverage: PHYS.NS

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April 14 (Reuters) - Physicswallah Ltd PHYS.NS:

• PHYSICSWALLAH LTD - TAX DEMAND REDUCED TO 1.93 BILLION RUPEES

Source text: ID:nBSE8r53fJ

Further company coverage: PHYS.NS

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March 18 (Reuters) - Physicswallah Ltd PHYS.NS:

• PHYSICSWALLAH LTD - RECEIVES TAX ORDER OF 2.63 BILLION RUPEES

Source text: ID:nBSE10CVLg

Further company coverage: PHYS.NS

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Feb 5 (Reuters) - Physicswallah Ltd PHYS.NS:

• PHYSICSWALLAH LTD - INCORPORATION OF A WHOLLY OWNED SUBSIDIARY IN INDIA

Source text: ID:nNSE384T5Z

Further company coverage: PHYS.NS

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Updates with details throughout

Dec 3 (Reuters) - Meesho's MEES.NS $604 million initial public offering was fully subscribed the first day of bidding on Wednesday as retail investors rushed to grab a share of the Indian e-commerce platform amid a booming IPO market.

The company, which is seeking a valuation of up to $5.6 billion, received bids for 429.13 million shares as of 3:32 p.m. IST, against the 277.94 million shares on offer, exchange data showed.

Retail investors bid for 173.64 million shares, more than three-fold the 51.03 million shares set aside for them.

Meesho's listing is the latest in the line of IPOs from technology-driven companies like Groww BILO.NS, Lenskart LENS.NS and PhysicsWallah PHYS.NS taking advantage of a booming primary market.

More than 300 IPOs have raised $19.26 billion in India so far this year, setting the stage for 2025 to be a record year for IPO fundraising, LSEG data showed.

"We believe Meesho's asset-light model, zero-commission structure for sellers and disciplined cost optimisation have enabled rapid user and order growth while steadily improving unit economics," said Rajan Shinde, research analyst at Mehta Equities.

Backed by Softbank and Peak XV Partners, Meesho has already raised about $270 million from anchor investors such as SBI Innovative Opportunities Fund and Government of Singapore ahead of the public launch of its IPO. The offering closes on December 5.

Non-institutional investors bid for 1.38 times the number of shares on offer for them, and the portion set aside for qualified institutional buyers was also fully subscribed.

Meesho's revenue rose 29.4% to 55.78 billion rupees ($622.96 million) in the first half of fiscal 2026, and its losses narrowed 72.1% to 7 billion rupees, according to its IPO prospectus.

"While strong scale momentum supports the growth narrative, near-term profitability remains volatile," Angel One said.

(Reporting by Anuran Sadhu and Vivek Kumar M in Bengaluru; Editing by Janane Venkatraman)

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