The primary market is lining up for an active week as Emmvee Photovoltaic, PhysicsWallah, and Tenneco Clean Air get ready to open their IPOs.
The line-up is drawing early interest across investor circles, largely because each company represents a very different part of India’s growth story: clean energy, edtech, and manufacturing.
And as the subscription window approaches, the sentiment around new listings has begun to pick up.
Market Performance: IPO Momentum Builds Ahead of Key Openings
This week’s primary market buzz is centred around the opening dates of these three public issues.
The market mood remained constructive through the morning, with conversations slowly shifting toward the upcoming subscriptions.
What stood out was the steady curiosity around issue sizes, price bands, and timelines—typical signs of rising traction in the IPO market.
Main News: Three Major IPOs Open for Subscription This Week
The week features three issues entering the market almost back-to-back, each positioned differently in terms of scale and sector.
Emmvee Photovoltaic IPO
A key name in solar modules and cell manufacturing, Emmvee Photovoltaic, has announced its IPO price band and the full subscription schedule.
Key Details:
- Price Band: ₹206–217 per share
- Issue Size: ₹2,900 crore
- Subscription Window: Opens November 11, closes November 13
- Anchor Allocation: Scheduled for November 10
The company operates in the renewable energy space, a segment that has consistently stayed in focus as India pushes deeper into clean energy manufacturing.
PhysicsWallah IPO
Education-tech major PhysicsWallah is lining up its maiden public issue, with a price band aimed at a valuation that crosses the ₹31,500-crore mark at the upper end.
Key Details:
- Price Band: ₹103–109 per share
- Issue Size: ₹3,480 crore
- Proposed Valuation (Upper Band): Over ₹31,500 crore
- Subscription Window: Opens November 11, closes November 13
- Anchor Allocation: Scheduled for November 10
The edtech space has been evolving rapidly, and this IPO marks another important moment for India’s digital education platforms.
Tenneco Clean Air IPO
Tenneco Clean Air India, part of a global manufacturing group, has set the pricing and subscription details for its upcoming issue.
Key Details:
- Price Band: ₹378–397 per share
- Issue Size: ₹3,600 crore
- Valuation at Upper Band: Over ₹16,000 crore
- Subscription Window: Opens November 12, closes November 14
- Anchor Allocation: Scheduled for November 11
The company operates in the clean air systems and manufacturing category, adding an industrial flavour to this week’s IPO roster.
Company Details: What’s Driving Attention Toward Each IPO
Each offer carries its own narrative and operational strength, which explains the rising curiosity in the primary market.
Emmvee Photovoltaic
The company comes with a background in solar modules and photovoltaic cells, a space that continues to draw sustained policy support.
The scale of the ₹2,900-crore issue and the clear pricing range have positioned it as one of the more anticipated clean-energy listings of the month.
PhysicsWallah
PhysicsWallah has built a strong presence in the education-tech segment.
The ₹3,480-crore offering aims to tap into India’s expanding digital learning ecosystem.
The proposed valuation—over ₹31,500 crore at the top end—adds weight to the listing’s visibility.
Tenneco Clean Air
Tenneco Clean Air’s ₹3,600-crore issue brings the focus back to manufacturing and clean-air technology.
With a valuation exceeding ₹16,000 crore at the upper end, the company is drawing attention from those tracking industrial and component manufacturers entering the public market.
Summary: A Packed Week for India’s Primary Market
The IPO market is set for an active week with three large offerings entering the subscription phase almost simultaneously.
Each company—Emmvee Photovoltaic, PhysicsWallah, and Tenneco Clean Air—brings its own sectoral depth to the line-up, creating a diverse mix of renewable energy, digital education, and manufacturing.
This week’s key highlights:
- 3 IPOs opening simultaneously
- Issue Sizes: ₹2,900 crore, ₹3,480 crore, ₹3,600 crore
- Price Bands: ₹206–217, ₹103–109, ₹378–397
- Subscription Dates: November 11–14
- Anchor Allocations: November 10–11
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