The mood of the stock market regarding IPO is looking quite good. They are not saying this just like that. This week, not 2, 4, 5 but 7 IPOs are going to hit the primary market. All these IPOs are trying to raise more than Rs 11 thousand crores. This means that this week there may be a tsunami of money in the stock market and the pockets of stock market investors may also be full. Let us also tell you which companies are going to enter the stock market this week.
When will Physicswala’s IPO come?
Online education platform Physicswala and solar panel and cell maker MV Photovoltaic Power are the first companies in the mainboard segment to launch IPOs worth Rs 3,480 crore and Rs 2,900 crore, respectively, this week on November 11. Physicswala, which provides courses and skill development programs for preparation of various competitive exams like JEE, NEET and UPSC, has set a price band of Rs 103-109 per share for its IPO, while the price band of MV is Rs 206-217 per share. Auto parts maker Tenneco Clean Air India, a unit of US-headquartered Tenneco Mauritius Holdings, will be the third IPO in the mainboard segment, opening on November 12 with a price band of Rs 378-397 per share. This is an OFS of Rs 3,600 crore by the promoter.
IPOs of these companies will also come
Solar inverter and battery maker Fujiyama Power Systems and software-as-a-service (SaaS) company Capillary Technologies India are also releasing their IPOs this week on November 13 and November 14 respectively. Fujiyama Power Systems is expected to raise Rs 828 crore at the upper end of the price band of Rs 216-228 per share, while Capillary has not yet disclosed its price band for the offer. Considering the price of the last transaction on September 30 this year (Rs 541.44 per share), Capillary’s IPO could be worth more than Rs 800 crore.
IPO of small companies
In the SME segment, Workmates Core2Cloud Solutions and Mahamaya Lifesciences will open their IPOs worth around Rs 70 crore on November 11. Mahamaya Lifesciences has fixed the price range of Rs 108-114 per share and Workmates has fixed the price range of Rs 200-204 per share for its IPO. Meanwhile, fintech company Pine Labs’ initial share sale will remain open for subscription till November 11, while in the SME segment, Finbud Financial Services will close its IPO on November 10, followed by Shining Tools and Curis Lifesciences on November 11.
These companies will be listed this week
A total of seven new companies will be available for trading on the stock exchanges this week, with eyewear maker Lenskart Solutions being the first to list on November 10, followed by BillionBrains Garage Ventures, parent company of stock broking platform Groww, on November 12 and Pine Labs on November 14. Lenskart Solutions’ IPO was subscribed more than 28 times last week, and Grow’s IPO was subscribed more than 17 times last week, while Pine Labs’ IPO was subscribed 13 percent last week. Shreeji Global will be the first to list in the FMCG SME segment on November 12, followed by Finbud Financial Services on November 13 on NSE Emerge. Curis Lifesciences and Shining Tools will also be available for trading on NSE Emerge and BSE SME on November 14, respectively.