IPO Calendar: Busy week ahead with PhysicsWallah, Emmvee and Tenneco leading Rs 10,000 crore line-up

The primary market continues to be one red hot, with five IPOs, three on the mainboard and two in the SME segment, opening for subscription between November 11 and November 14. Together, these offerings aim to raise more than Rs 10,000 crore, spanning sectors from education and clean energy to automotive technology and pharma.

Mainboard IPOs

1) PhysicsWallah IPO

Edtech major PhysicsWallah is set to open its much-awaited Rs 3,480 crore IPO on November 11, with a price band of Rs 103–109 per share. The issue will close on November 13, and the stock will list on both the BSE and NSE. Managed by Kotak Mahindra Capital, the offer marks one of the largest edtech listings in recent years. The proceeds are expected to strengthen the company’s technology platform, expand its learning centres, and fund strategic acquisitions.

2) Tenneco Clean Air India IPO

Another major offering is Tenneco Clean Air India, a subsidiary of the global automotive systems leader Tenneco Inc. The Rs 3,600 crore IPO is entirely an offer for sale. The issue will open on November 12 and close on November 14. The price band has been set at Rs 378–397 per share.

The company is a market leader in emission-control and powertrain solutions, catering to both light and heavy vehicles. JM Financial is the lead manager for the issue, which will list on the BSE and NSE.The IPO has generated strong early buzz, with a grey market premium (GMP) of about 24%, indicating positive investor sentiment.

3) Emmvee Photovoltaic Power IPO

In the renewable energy space, Emmvee Photovoltaic Power will open its Rs 2,900 crore IPO on November 11, priced between Rs 206–217 per share. The solar panel manufacturer aims to capitalise on India’s accelerating clean energy push. The issue closes on November 13 and will be listed on both BSE and NSE, with JM Financial as the lead manager.

SME IPOs

1) Mahamaya Lifesciences

Mahamaya Lifesciences, a specialty pharmaceutical company, will open its IPO on November 11 and close on November 13, with a price band of Rs 108–114 per share. The company plans to raise Rs 70.44 crore, with Oneview Corporate as the lead manager. The stock will list on the BSE SME platform.

2) Workmates Core2Cloud Solution

Tech solutions provider Workmates Core2Cloud Solution is another SME listing scheduled for next week. The Rs 69.84 crore IPO will open on November 11 and close on November 13, at a price range of Rs 200–204 per share. The company specialises in cloud computing, cybersecurity, and data management. Horizon Management is the lead manager, and the shares will list on the BSE SME platform.

Also read: Lenskart, PhysicsWallah, and Groww: GMP trends suggest up to 22% listing gains for 9 IPOs next weekWith subscription windows overlapping and cumulative fundraising crossing Rs 10,000 crore, the week ahead will test the market’s liquidity and sentiment.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)