IPO calendar: Busy week ahead with Physixwallah, Amv and Tenneco in Rs 10,000 crore line-up

The primary market has been consistently red hot with five IPOs opening for subscription between November 11 and November 14, three on the mainboard and two in the SME segment. The offer aims to raise over Rs 10,000 crore in sectors ranging from education and clean energy to automotive technology and pharma.

Mainboard IPO

1) IPO with physics

Edtech pioneer Physixwala on November 11 announced its much-awaited Rs. 3,480 crore IPO is set to open, with a price band of Rs. 103-109 per share. The issue will close on November 13 and the stock will be listed on both BSE and NSE. Led by Kotak Mahindra Capital, the offering is one of the largest adtech listings in recent years. The proceeds are expected to strengthen the company’s technology platform, expand its learning centers and fund strategic acquisitions.

2) Tenneco Clean Air India IPO

Another major offering is Tenneco Clean Air India, a subsidiary of global automotive systems leader Tenneco Inc. Rs. 3,600 crore IPO is purely an offer for sale. The issue will open on November 12 and close on November 14. Price Band Rs. 378-397 per share has been fixed.

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 be listed on BSE and NSE.

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

3) Emmvee Photovoltaic Power IPO

In the renewable energy space, Emmvee Photovoltaic Power made its Rs. 2,900 crore IPO will open on November 11, priced at Rs. is between 206-217. The solar panel maker aims to capitalize on India’s rapid clean energy push. The issue will close on November 13 and will be listed on both BSE and NSE with JM Financial as lead manager.

SME IPO

1) Mahamaya Life Science

Mahamaya Lifesciences, a specialty pharmaceutical company, will open its IPO on November 11 and close on November 13 at a price per share of Rs. 108-114 are. Company Oneview as Corporate Lead Manager Rs. 70.44 crore planned to be raised. 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. Rs. 69.84 crore IPO will open on November 11 and close on November 13, priced at Rs. 200-204 is. The company specializes in cloud computing, cyber security 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 22% listing gain for 9 IPOs next week

With subscription windows overlapping and accumulated funds crossing Rs 10,000 crore, next week will test market liquidity and sentiment.

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