IPO Rush Ahead: PhysicsWallah, Emmvee Photovoltaic Lead Listings Next Week

Updated: November 09, 2025 16:57

Image Source : Moneycontrol

India’s primary market gears up for a busy week with six IPOs opening for subscription, including PhysicsWallah and Emmvee Photovoltaic. Together, four mainboard issues aim to raise ₹10,500 crore. With rising grey market premiums and strong investor interest, the upcoming listings signal robust momentum in the IPO space.

India’s IPO calendar is heating up as six public issues are set to open for subscription between November 11 and 14, 2025. Among the most anticipated are the IPOs of edtech firm PhysicsWallah and solar energy player Emmvee Photovoltaic Power Ltd, both part of the mainboard segment. The week also includes listings of seven previously closed IPOs, including Lenskart Solutions and Groww.

The combined fundraising target of the four mainboard IPOs—PhysicsWallah, Emmvee Photovoltaic, Tenneco Clean Air India, and Fujiyama Power Systems—is pegged at nearly ₹10,500 crore, reflecting strong investor appetite and sectoral diversity.

Key Highlights:
PhysicsWallah IPO: Opening November 11 and closing November 13, the ₹3,480 crore issue includes a fresh issue of ₹3,100 crore. The price band is set at ₹103–₹109 per share, with anchor allotment scheduled for November 10.

Emmvee Photovoltaic IPO: Also opening November 11 and closing November 13, this clean energy firm has set its price band at ₹206–₹217 per share. The offering reflects growing interest in renewable energy investments.

Grey Market Buzz: Grey market premiums (GMPs) for PhysicsWallah and Emmvee have risen by ₹5–₹20 per share, indicating strong demand and positive sentiment ahead of listing.

Other Mainboard Issues: Tenneco Clean Air and Fujiyama Power Systems round out the week’s mainboard offerings, contributing to the ₹10,500 crore fundraising total.

SME Segment: Two small and medium enterprise IPOs will also open next week, adding depth to the market’s retail participation.

Upcoming Listings: Seven IPOs are set to debut on the bourses, including high-profile names like Lenskart Solutions and Groww, keeping market momentum high.

With diverse sectors—from edtech and clean energy to industrial systems—represented in the upcoming IPOs, investors have a wide array of options. The surge in activity underscores confidence in India’s growth story and the evolving maturity of its capital markets.

Sources: Livemint, Moneycontrol, Financial Express, Outlook Money.