Next week, a total of six new IPOs will open in the stock market, including four mainboard and two SME issues. The GMP of some issues appears b, which has piqued investor interest. However, listing gains will depend on market conditions.
Upcoming IPO: New opportunities are on the horizon for investors in the stock market next week. A total of six new IPOs (Initial Public Offers) are set to be launched. These include four mainboard IPOs, while two companies are bringing their public issues in the SME category. Investors are eager to invest in these IPOs as the GMP (Grey Market Premium) of some of them appears robust.
The IPOs falling under the mainboard category are:
Emmvee Photovoltaic Power
- PhysicsWallah
- Tenneco Clean Air India
- Fujiyama Power Systems
- And those included in the SME category are:
- Workmates Core2Cloud Solution
- Mahamaya Lifesciences
Investors can apply for these IPOs as soon as their subscription windows open in the coming days. Below is information regarding the date, price band, lot size, and current GMP for each IPO.
Emmvee Photovoltaic Power IPO
This is a mainboard IPO.
- Issue Open Date: November 11
- Issue Close Date: November 13
- Price Band: ₹206 to ₹217
- Lot Size: 69 shares
- Category: Mainboard
- GMP: Approximately ₹20
This IPO is noteworthy for investors interested in businesses related to solar energy. The GMP indicates that a slight premium might be observed at the time of listing, though this will depend on market conditions.
Workmates Core2Cloud Solution IPO
This IPO is coming under the SME category.
- Issue Open Date: November 11
- Issue Close Date: November 13
- Price Band: ₹200 to ₹204
- Lot Size: 600 shares
- Category: SME
- GMP: Approximately ₹25
The lot size in SME IPOs is often larger. Its purpose is to raise capital for small and medium enterprises. The GMP of this IPO is currently positive.
PhysicsWallah IPO
Online education platform PhysicsWallah is also launching its IPO. This will be in the mainboard category. The company already has good recognition among investors, keeping the market's eye on this issue.
- Issue Open Date: November 11
- Issue Close Date: November 13
- Price Band: ₹103 to ₹109
- Lot Size: 137 shares
- Category: Mainboard
- GMP: Approximately ₹4
Currently, the GMP is not very high. It is important for investors to understand that GMP can change rapidly over time.
Mahamaya Lifesciences IPO
This IPO is also included in the SME category.
- Issue Open Date: November 11
- Issue Close Date: November 13
- Price Band: ₹108 to ₹114
- Lot Size: 1200 shares
- Category: SME
- GMP: ₹0
At present, Mahamaya Lifesciences' GMP is stable. This means that there is currently no expectation of a significant premium for listing in the market.
Tenneco Clean Air India IPO
This is a prominent issue in the mainboard category, and its GMP has attracted the most attention.
- Issue Open Date: November 12
- Issue Close Date: November 14
- Price Band: ₹378 to ₹397
- Lot Size: 37 shares
- Category: Mainboard
- GMP: Approximately ₹66
Based on GMP, this issue currently appears to be in the highest demand. This indicates that a good premium might be seen upon listing, but the final decision always depends on market stability.
Fujiyama Power Systems IPO
This is a mainboard IPO, but its price band and lot size have not been announced yet.
- Issue Open Date: November 13
- Issue Close Date: November 17
- Price Band: Not yet announced
- Lot Size: Not yet announced
- Category: Mainboard
- GMP: ₹0
Key financial information related to this IPO will be released soon. Investors should keep an eye on official updates.
