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Upcoming IPO

Actually, last week there was a recession in the Indian stock market. The market's main index Sensex closed at 83,216.28 points with a decline of 1.65 percent on the 5th trading day of the week. But the coming week is going to be especially good for IPOs. Because in the upcoming week, issues of 5 companies will open in the market.

There will be a lot of IPO movement in the stock market next week. A total of five companies are coming up with their IPO. Three big mainboard IPOs and two SME IPOs. Apart from this, listing of seven companies is also decided.

1. Emmvee Photovoltaic Power IPO- This company manufactures solar panels and solar cells. Its IPO will open from 11 to 13 November. The total size is Rs 2,900 crore. The share price has been kept at Rs 206217. This includes a new issue of Rs 2,143.86 crore and OFS of Rs 756.14 crore. The company will repay the loan with this and use the remaining amount for general purposes.
2. PhysicsWallah IPO- This edtech company of Alakh Pandey will also bring IPO by 1113 November. The share price is Rs 103109. The total size is Rs 3,480 crore. This includes a new issue of Rs 3,100 crore and OFS of Rs 380 crore. Alakh Pandey and Prateek Boobh will both sell shares worth Rs 190 crore each. The company will spend the amount raised on its online-offline expansion.
3. Tenneco Clean Air India IPO- The IPO of the Indian unit of American Tenneco Group will open by November 1214. The size is Rs 3,600 crore and it is a complete OFS, meaning no new shares will be issued. The share price has been kept at Rs 378397. The company manufactures clean air, powertrain and suspension systems for the auto sector.
4. Workmates Core2Cloud Solution IPO (SME)- This IPO will open till 1113 November. The size is Rs 69.84 crore. The share price has been kept at Rs 200204 and listing will take place on BSE SME on 18th November. The company works in cloud technology and IT services.
5. Mahamaya Lifesciences IPO (SME)- This IPO will open till 1113 November. The size is Rs 70.44 crore. The share price is fixed at Rs 108114 and will be listed on BSE SME on 18 November. The company is involved in research and production of medicines. Overall, the IPO market will be very active next week. Three big IPOs, two SME IPOs and listing of seven companies will make the week very busy for investors.