India, Nov. 19 -- Edtech firm PhysicsWallah made a powerful entrance into the stock market on Tuesday, sending the net worth of its co-founders, Alakh Pandey and Prateek Maheshwari, soaring.

According to a report by Forbes India, the stock closed at Rs.155.20 on its debut day, a jump of 42.39% over the issue price of Rs.109, despite the IPO receiving only a modest subscription from investors.

Co-founder and CEO Alakh Pandey, who held 105.12 crore shares before the IPO, sold 1.74 crore shares in the offer for sale, reducing his holding to 103.37 crore shares. Even with the partial stake sale, the blockbuster listing pushed the value of his remaining shares to Rs.16,044 crore, making him richer by Rs.4,729 crore in a single day. This mark...