IPO Rush: PhysicsWallah, Three Other Mainboard Issues To Open This Week
The Indian stock market is set to witness a flurry of initial public offerings (IPOs) this week, with four mainboard issues and two small, medium, and micro segment IPOs opening for subscription. Among the mainboard issues, PhysicsWallah Ltd., Emmvee Photovoltaic Power Ltd., Tenneco Clean Air India Ltd., and Fujiyama Power Systems Ltd are the four mainboard initial public offers going to open for subscription.
PhysicsWallah IPO Details
The PhysicsWallah IPO consists of a fresh issue of Rs 3,100 crore and an offer for sale of Rs 380 crore. The price band for the issue has been fixed at Rs 103-109 apiece, with a discount of Rs 10 for employees. The lot size for the issue is 137 shares, and the issue type is a book-building IPO.
Emmvee Photovoltaic Power IPO Details
The Emmvee Photovoltaic Power IPO consists of a fresh issue of Rs 2,143.86 crore and an offer for sale of Rs 756.14 crore. The price band for the issue has been fixed at Rs 206-207 apiece, with a lot size of 69 shares. The issue type is a book-building IPO.
Tenneco Clean Air India IPO Details
The Tenneco Clean Air India IPO consists of an offer for sale of Rs 3,600 crore, with a price band of Rs 378-397 apiece. The lot size for the issue is 37 shares, and the issue type is a book-building IPO.
Other Upcoming IPOs
Apart from the mainboard issues, two small, medium, and micro segment IPOs will also open for subscription this week. Workmates Core2Cloud Solution Ltd. initial public offer will open for subscription on November 11 and close on November 13, with a total issue size of Rs 70.44 crore.
Groww Listing In Focus
Groww’s parent company, Billionbrains Garage Ventures Ltd., is set to list on the exchanges this week, along with Lenskart Solutions Ltd. and Pine Labs Ltd.. The listings are expected to take place on November 18.
Investor Sentiment
The upcoming IPOs are expected to generate significant interest among investors, with many looking to capitalize on the growth potential of these companies. However, it is essential for investors to carefully evaluate the financials and prospects of each company before making an investment decision.
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