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PhysicsWallah IPO Sees Tepid Start as Pine Labs Shines
PhysicsWallah’s subdued IPO contrasted Pine Labs’ upbeat debut, highlighting selective investor sentiment in India’s tech listings.
Ed-tech firm PhysicsWallah’s market debut drew mild subscription interest, contrasting sharply with the robust listing of fintech major Pine Labs. Analysts said investors preferred profitable digital platforms amid a selective funding climate. Despite favorable sector trends, valuation concerns limited appetite for early-stage listings. Market watchers believe upcoming tech IPOs will gauge whether broader risk appetite revives as liquidity improves. The contrasting performances underscored the uneven recovery across India’s startup capital markets as investor caution tempers exuberance toward new-age technology offerings.