Mainboard IPOs
1) PhysicsWallah IPO
Edtech main PhysicsWallah is about to open its much-awaited Rs 3,480 crore IPO on November 11, with a worth band of Rs 103–109 per share. The difficulty will shut on November 13, and the inventory will record on each the BSE and NSE. Managed by Kotak Mahindra Capital, the provide marks one of many largest edtech listings lately. The proceeds are anticipated to strengthen the corporate’s know-how platform, develop its studying centres, and fund strategic acquisitions.
2) Tenneco Clear Air India IPO
One other main providing is Tenneco Clear Air India, a subsidiary of the worldwide automotive methods chief Tenneco Inc. The Rs 3,600 crore IPO is fully a suggestion on the market. The difficulty will open on November 12 and shut on November 14. The value band has been set at Rs 378–397 per share.
The corporate is a market chief in emission-control and powertrain options, catering to each mild and heavy autos. JM Monetary is the lead supervisor for the problem, which is able to record on the BSE and NSE.
The IPO has generated sturdy early buzz, with a gray market premium (GMP) of about 24%, indicating constructive investor sentiment.
3) Emmvee Photovoltaic Energy IPO
Within the renewable power house, Emmvee Photovoltaic Energy will open its Rs 2,900 crore IPO on November 11, priced between Rs 206–217 per share. The photo voltaic panel producer goals to capitalise on India’s accelerating clear power push. The difficulty closes on November 13 and will likely be listed on each BSE and NSE, with JM Monetary because the lead supervisor.
SME IPOs
1) Mahamaya Lifesciences
Mahamaya Lifesciences, a specialty pharmaceutical firm, will open its IPO on November 11 and shut on November 13, with a worth band of Rs 108–114 per share. The corporate plans to boost Rs 70.44 crore, with Oneview Company because the lead supervisor. The inventory will record on the BSE SME platform.
2) Workmates Core2Cloud Resolution
Tech options supplier Workmates Core2Cloud Resolution is one other SME itemizing scheduled for subsequent week. The Rs 69.84 crore IPO will open on November 11 and shut on November 13, at a worth vary of Rs 200–204 per share. The corporate specialises in cloud computing, cybersecurity, and information administration. Horizon Administration is the lead supervisor, and the shares will record on the BSE SME platform.
Additionally learn: Lenskart, PhysicsWallah, and Groww: GMP tendencies recommend as much as 22% itemizing beneficial properties for 9 IPOs subsequent week
With subscription home windows overlapping and cumulative fundraising crossing Rs 10,000 crore, the week forward will check the market’s liquidity and sentiment.
(Disclaimer: Suggestions, recommendations, views and opinions given by the consultants are their very own. These don’t characterize the views of Financial Occasions)
