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The primary market is gearing up for a busy week with five upcoming initial public offerings (IPOs), three on the mainboard and two in the SME segment. These offerings are expected to raise over ₹10,000 crore in total. The sectors represented include education, clean energy, automotive technology, and pharmaceuticals. The first of these is PhysicsWallah's ₹3,480 crore IPO. Leading edtech firm PhysicsWallah will launch its much-anticipated ₹3,480 crore IPO on November 11. The price band has been set at ₹103-109 per share. The issue will close on November 13 and shares will be listed on both BSE and NSE. The proceeds from the offer are likely to strengthen the company's tech platform, expand learning centers, and fund strategic acquisitions. Tenneco Clean Air India, a subsidiary of global automotive systems leader Tenneco Inc., will launch its ₹3,600 crore IPO on November 12. The price band has been set at ₹378-397 per share. The company is a market leader in emission-control and powertrain solutions for light and heavy vehicles. The IPO has generated strong early buzz with a gray market premium (GMP) of about 24%, indicating positive investor sentiment. In the renewable energy sector, Emmvee Photovoltaic Power will launch its ₹2,900 crore IPO on November 11. The price band has been set at ₹206-217 per share. The solar panel manufacturer hopes to capitalize on India's growing clean energy push. The issue will close on November 13 and be listed on both BSE and NSE with JM Financial as the lead manager. Among the SME listings, specialty pharmaceutical company Mahamaya Lifesciences will launch its IPO on November 11. The company plans to raise ₹70.44 crore with Oneview Corporate as the lead manager. The stock will be listed on the BSE SME platform. Another tech solutions provider Workmates Core2Cloud Solution will also launch an SME listing next week. The ₹69.84 crore IPO will open on November 11 at a price range of ₹200-204 per share with Horizon Management as the lead manager.
