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

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

Motherboard IPOs

1) PhysicsWallah IPO

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

2) IPO of Tenneco Clean Air India

Another key offering is Tenneco Clean Air India, a subsidiary of global automotive systems leader Tenneco Inc. The Rs 3,600 crore IPO is entirely an offer for sale. The issue opens on November 12 and closes on November 14. The price range has been fixed at Rs 378-397 per share.

The company is a market leader in emissions control and powertrain solutions, targeting both light and heavy-duty vehicles. JM Financial is the lead manager for the issue, which will be listed on the BSE and NSE.

The IPO has generated strong early buzz, with a gray market premium (GMP) of around 24%, indicating positive investor sentiment.

3) IPO of Emmvee Photovoltaic Power

In renewable energy, Emmvee Photovoltaic Power will open its Rs 2,900 crore IPO on November 11, priced between Rs 206 and 217 per share. The solar panel manufacturer wants to benefit from the increasing demand for clean energy in India. 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 life sciences

Mahamaya Lifesciences, a specialty pharmaceutical company, will open its IPO on November 11 and close on November 13, with a price range of Rs 108-114 per share. The company plans to raise Rs 70.44 crore, with Oneview Corporate as lead manager. The stock will be listed 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 band of Rs 200-204 per share. The company specializes in cloud computing, cybersecurity and data management. Horizon Management is the lead manager and the shares will be listed on the BSE SME platform.Also read: Lenskart, PhysicsWallah and Groww: GMP trends suggest up to 22% stock market gains for 9 IPOs next week

With subscription windows overlapping and cumulative fundraising crossing Rs 10,000 crore, the coming week will test the market’s liquidity and sentiment.

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