Four Mainboard IPOs Set to Launch This Week, Including EdTech Giant PhysicsWallah
The Indian primary market is preparing for four mainboard IPOs this week: PhysicsWallah Ltd. (₹3,480 crore), Emmvee Photovoltaic Power Ltd. (₹2,900 crore), Tenneco Clean Air India Ltd. (₹3,600 crore), and Fujiyama Power Systems Ltd. (details pending). PhysicsWallah's IPO, priced at ₹103-109, will be open from November 11-13. The SME segment will see two IPOs from Mahamaya Lifesciences and Workmates Core2Cloud Solution. Additionally, Billionbrains Garage Ventures, Lenskart Solutions, and Pine Labs are scheduled for listing this week.
*this image is generated using AI for illustrative purposes only.
The Indian primary market is buzzing with activity as four mainboard Initial Public Offerings (IPOs) are set to open this week, offering investors a diverse range of opportunities across different sectors. The IPOs include EdTech company PhysicsWallah Ltd., solar module manufacturer Emmvee Photovoltaic Power Ltd., auto components maker Tenneco Clean Air India Ltd., and power systems provider Fujiyama Power Systems Ltd.
IPO Details
Here's a breakdown of the key details for each IPO:
| Company Name | IPO Size (₹ Crore) | Price Band (₹) | Subscription Dates |
|---|---|---|---|
| PhysicsWallah Ltd. | 3,480.00 | 103-109 | November 11-13 |
| Emmvee Photovoltaic Power Ltd. | 2,900.00 | 206-207 | Not specified |
| Tenneco Clean Air India Ltd. | 3,600.00 | 378-397 | Not specified |
| Fujiyama Power Systems Ltd. | Not specified | Not specified | Not specified |
PhysicsWallah IPO
PhysicsWallah, a prominent player in the EdTech sector, is leading the pack with its ₹3,480 crore IPO. The offer comprises a fresh issue of ₹3,100 crore and an offer for sale of ₹380 crore. Investors can bid for shares in the price range of ₹103-109 during the subscription period from November 11 to 13.
Other Mainboard IPOs
Emmvee Photovoltaic Power's IPO consists of a fresh issue worth ₹2,143.86 crore and an offer for sale of ₹756.14 crore, totaling ₹2,900 crore. The company has set its price band at ₹206-207 per share.
Tenneco Clean Air India is entering the market with a pure offer for sale of ₹3,600 crore, priced between ₹378-397 per share.
Details about Fujiyama Power Systems' IPO size and price band are yet to be announced.
SME Segment Activity
The Small and Medium Enterprises (SME) segment is also seeing action with two IPOs set to open:
- Mahamaya Lifesciences
- Workmates Core2Cloud Solution
Specific details about these SME IPOs were not provided in the initial report.
Upcoming Listings
Investors should also keep an eye on several companies scheduled for listing this week:
- Billionbrains Garage Ventures Ltd.
- Lenskart Solutions Ltd.
- Pine Labs Ltd.
These listings will add to the excitement in the primary market, offering more options for investors looking to participate in newly public companies.
Market Implications
This flurry of IPO activity suggests a robust appetite for new listings in the Indian market. It provides opportunities for investors to diversify their portfolios across various sectors including education technology, renewable energy, automotive components, and power systems.
Investors are advised to carefully review the prospectuses of these companies and consider their financial health, growth prospects, and valuation before making investment decisions.
As the week progresses, market participants will be closely watching the subscription levels of these IPOs, which could provide insights into investor sentiment and the overall health of the primary market.
19
