IPO Bonanza: Five Companies Set to Raise Over Rs 10,000 Crore in Mid-November

The Indian capital market is gearing up for a busy week as five companies across diverse sectors prepare to launch their Initial Public Offerings (IPOs) between November 11 and 14. These IPOs, spanning education, clean energy, automotive, and pharmaceutical sectors, aim to collectively raise more than Rs 10,000 crore.

IPO Details at a Glance

Company Name	Sector	Issue Size (Rs Cr)	Price Band (Rs)	Opening Date
PhysicsWallah	Education	3,480.00	103-109	Nov 11
Tenneco Clean Air India	Automotive	3,600.00	378-397	Nov 12
Emmvee Photovoltaic Power	Clean Energy	2,900.00	206-217	Nov 11
Mahamaya Lifesciences*	Pharmaceutical	70.44	108-114	Nov 11
Workmates Core2Cloud Solution*	IT	69.84	200-204	Nov 11

*SME IPOs

Highlights of the Upcoming IPOs

PhysicsWallah

The edtech company leads the pack with a Rs 3,480.00 crore IPO, offering shares in the price range of Rs 103-109.

Tenneco Clean Air India

Following closely is the automotive component manufacturer with a Rs 3,600.00 crore offer for sale.

Emmvee Photovoltaic Power

The clean energy firm aims to raise Rs 2,900.00 crore, tapping into the growing renewable energy sector.

SME Offerings

Two smaller companies, Mahamaya Lifesciences and Workmates Core2Cloud Solution, are set to enter the market through the BSE SME platform.

Listing Details

The three mainboard IPOs - PhysicsWallah, Tenneco Clean Air India, and Emmvee Photovoltaic Power - will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The two SME IPOs will be listed exclusively on the BSE SME platform.

Market Sentiment

Early indicators suggest strong investor interest, particularly for Tenneco Clean Air India. The company's shares are reportedly commanding a grey market premium of about 24%, reflecting positive sentiment among early investors.

This flurry of IPOs across various sectors indicates a robust appetite for new listings in the Indian market. Investors are advised to carefully review each company's financials, growth prospects, and industry position before making investment decisions.

PhysicsWallah has received a significant boost ahead of its initial public offering (IPO), with Think Investments injecting Rs 136.17 crore in a pre-IPO funding round. This development comes as PhysicsWallah prepares to launch its Rs 3,480 crore IPO.

Investment Details

Think Investments has acquired a 0.37% stake in PhysicsWallah, purchasing 1.07 crore equity shares from 14 company employees. The investment was made at Rs 127.00 per share, which is notably 17% above the upper end of the IPO price band.

Upcoming IPO Highlights

PhysicsWallah's IPO is set to open on November 11, with the following key details:

Aspect	Details
Total IPO Size	Rs 3,480.00 crore
Fresh Issue	Rs 3,100.00 crore
Offer for Sale	Rs 380.00 crore
Price Band	Rs 103.00 - Rs 109.00 per share
Target Valuation	Over Rs 31,500.00 crore

The offer for sale component will be contributed by co-founders Alakh Pandey and Prateek Boob.

Shareholding Structure

Post-IPO, the promoter shareholding in PhysicsWallah is expected to decrease from 80.62% to 72.00%.

Recent ESOP Liquidations

Between January and July, PhysicsWallah witnessed multiple Employee Stock Ownership Plan (ESOP) liquidations:

Share price range: Rs 127.00 - Rs 137.00
Total investment by family offices: Nearly Rs 76.00 crore

This pre-IPO investment and the upcoming public offering mark significant milestones for PhysicsWallah, reflecting growing investor interest in the edtech sector and the company's potential for growth in the public market.