IPO News typically covers news related to upcoming IPOs, recent IPOs, and their performance in the stock market, including their opening and closing prices, trading volumes, and investor sentiments. It may also include insights and analysis from industry experts on the latest IPO trends, market conditions, and potential investment opportunities.
Fujiyama Power IPO Latest GMP; Check Now: BSE data shows the Fujiyama Power IPO was subscribed 40% by the end of Day 2, reflecting a cautious investor response with much of the bidding yet to come.
Capillary Technologies IPO: Capillary Technologies is quoting a ~4.2% grey-market premium (₹24–25), indicating a likely listing around ₹601–602 if sentiment holds.
Tenneco Clean Air India IPO allotment is set for November 17. The issue saw huge demand, with subscriptions reaching 61.79 times. Investors can check their allotment status online. The IPO is expected to list on November 19 with a strong premium. The company manufactures emission-control and ride-technology systems. Its financials show robust revenue and profit growth.
The busy IPO season of 2025 is handing out some of the biggest returns to venture capital firms that backed these companies early. ET’s calculations show that VC firms have taken exits of around Rs 15,000 cr through recent listings, including Ather Energy, BlueStone, Lenskart, Urban Company, Groww and Pine Labs.
Grey-market premiums signal mixed listing sentiment this week, with Workmates Core2Cloud leading expected gains at over 40%. Tenneco Clean Air and Capillary Technologies show healthier traction, while PhysicsWallah indicates a stable debut. Fujiyama Power Systems and Emmvee Photovoltaic remain flat as investors adopt a selective approach
Next week brings a lighter IPO calendar with only Excelsoft Technologies and Gallard Steel opening on November 19. While primary activity slows, eight listings—from recent or ongoing IPOs—will keep markets active, with Excelsoft’s Rs 500 crore issue in focus.
Fujiyama Power Systems’ Rs 828-crore IPO entered its second day on November 15. The offer includes a fresh issue and an OFS from existing shareholders, aimed at funding capacity expansion and working capital needs. The solar equipment manufacturer has drawn sluggish investor interest, while brokerages remain optimistic about long-term prospects despite near-term valuation concerns.
Tenneco Clean Air India’s Rs 3,600-crore IPO has entered its final bidding day with strong demand, recording 2.93x subscription by Day 2 after receiving 19.52 crore bids for 6.66 crore shares. The issue is also attracting solid grey market interest, with a GMP of Rs 76, about 19%, indicating a potential listing price near Rs 473 versus the issue price of Rs 397.
Investors in the Rs 2,900 crore Emmvee Photovoltaic Power IPO will learn their allotment status today, November 14. The IPO, which closed on November 13, saw moderate subscription with a 0% grey market premium, indicating muted listing expectations. Successful bidders will receive shares on November 17, with the company scheduled to list on November 18.
PhysicsWallah's Rs 3,480 crore IPO, one of the largest in Indian edtech, is set to finalize allotment on Friday with moderate subscription and a 0% grey market premium, indicating a cautious listing. The company, known for its hybrid model and diverse courses, reported strong revenue growth but remains loss-making, with IPO funds earmarked for offline expansion and technology investments.
Capillary Technologies India has launched its Rs 877 crore IPO, offering shares at Rs 549-577. The Bengaluru-based SaaS firm, specializing in customer engagement and loyalty management, aims to fund growth and technology investments. With a strong client base and recurring revenue model, the company is positioned in the expanding digital loyalty market.
2025 has seen a surge in demand for large IPOs, with average subscriptions for issues over ₹5,000 crore reaching 17.7 times, the highest since 2021. This broad-based demand, driven by institutional investors and a preference for profitable, proven businesses, marks a shift towards more discerning investment strategies.
Capillary Technologies is set to launch an Initial Public Offering to raise funds for cloud infrastructure and research. The company aims to secure up to ₹532 crore through an offer for sale and ₹345 crore via a fresh issue. Promoter stake will reduce post-IPO. Investors with a high risk appetite may consider this long-term opportunity.
The Securities and Exchange Board of India (Sebi) is proposing a separate, concise offer document summary to improve retail investor engagement in IPOs. This initiative aims to make key disclosures more accessible, reducing reliance on unregulated information sources. Sebi is also streamlining the process for pre-IPO pledged shares.
Capillary Technologies India has raised Rs 394 crore from a clutch of anchor investors ahead of its initial public offering (IPO) which opens for subscription on Friday, November 14.
India's markets regulator on Thursday proposed easing lock-in requirements for existing shareholders in public issues, excluding large shareholders or promoters who have the ability to influence company decisions.
SBI Funds Management Ltd. is planning a significant initial public offering. The asset manager aims to raise as much as $1.2 billion. This IPO could take place in Mumbai during the first half of 2026. Banks will be invited to pitch for mandates soon. SBI Funds may be valued at $12 billion.
Swedish entertainment company Modern Times Group is planning to launch a $450 million initial public offering of its Indian game developer in Mumbai, two sources with direct knowledge of the matter said.
Pine Labs' Rs 3,899.91 crore IPO debuts on Friday, November 14. Grey market trends suggest a modest 3% premium. The IPO saw strong institutional demand but tepid response from non-institutional investors. Analysts cite valuation concerns despite recent profit growth. The digital payments sector shows strong growth potential driven by increasing card usage and merchant digitization.
PhysicsWallah’s Rs 3,480 crore IPO entered its final day with weak demand and a subdued grey market premium of just 1.25%. The issue was subscribed only 16% by Day 2 so far, led by retail interest. Analysts remain divided on valuations and growth prospects despite the edtech firm’s profitability and expanding hybrid learning footprint.
Tenneco Clean Air India’s Rs 3,600 crore IPO has drawn strong investor interest, with a rising grey market premium suggesting solid listing prospects. Backed by robust financials and strong OEM partnerships, the company’s reasonable valuations and sector tailwinds have led analysts, including Canara Bank Securities, to recommend subscribing for both short-term and long-term gains.
Indian markets see a valuation divide in IPOs. Foreign firms LG Electronics India and Tenneco Clean Air India offer attractive pricing. This contrasts with domestic startups like Lenskart and Groww, which launched at high valuations. Investors are now favoring companies with clear profits and good governance. This trend may encourage more global companies to list in India.
Real estate firm BPTP Ltd is reportedly seeking a merchant banker to list its business, aiming to tap into a booming IPO market. With a substantial land bank and ambitious project launches planned, the company anticipates significant revenue growth. This move aligns with a broader trend of increased real estate listings and fundraising in recent years.
Tenneco Clean Air India's IPO presents a compelling investment opportunity. The company manufactures clean-air systems and powertrain components. It boasts strong market leadership and deep customer relationships. Analysts highlight improving profitability and attractive valuations. Industry tailwinds like stricter emission norms and premiumization are expected to drive growth.
Emmvee Photovoltaic Power is expanding rapidly, with plans to boost its module capacity to 16.3 GW and solar cell capacity to 8.94 GW by FY28. The company has shown strong financial growth, with PAT rising to Rs 369 crore in FY25. SBI Securities recommends a “Subscribe for Long Term,” citing solid fundamentals and improved profitability post-IPO.
Fujiyama Power Systems has launched its Rs 828 crore initial public offering. The company is a leading rooftop solar manufacturer in India. Proceeds will fund a new facility and debt repayment. Analysts recommend subscribing, citing strong growth prospects in India's renewable energy sector. The company has a diversified product portfolio and a strong distribution network.
Fujiyama Power Systems is set to raise ₹828 crore via IPO to boost solar panel and battery production, aiming to reduce import reliance. The company has shown impressive revenue and profit growth, with expanding EBITDA margins. Despite elevated debt, its valuation appears attractive compared to peers, making it a compelling option for risk-tolerant investors.
Fujiyama Power Systems (UTL Solar) has secured ₹247 crore from 15 anchor investors ahead of its IPO, which opens on Thursday. The company, a roof-top solar manufacturer, allocated over 1.08 crore equity shares at ₹228 per share. Nippon India Mutual Fund and Tata Mutual Fund were significant participants in the anchor allocation.
For the firm, the $1.6-billion position, as of Wednesday’s share price, is over twice the size of Peak XV’s $695-million Fund VI, from which the Series A investment in Groww was made in 2018. Peak XV managing director Ashish Agrawal, who led the investment, won the Midas Touch prize for Best Investor at The Economic Times Startup Awards this year.
A91 Partners, Catamaran Ventures, and Xponentia-backed Sedemac Mechatronics has filed its DRHP with SEBI for a full OFS IPO of 80.43 lakh shares. The company, a leading ECU and genset controller maker, posted strong revenue and profit growth in FY25.
Excelsoft Technologies, a global vertical SaaS company in the learning and assessment sector, will open its Rs 500 crore IPO from November 19-21. The issue includes a Rs 180 crore fresh equity issue and Rs 320 crore offer for sale. Proceeds will fund Mysore property expansion, IT upgrades, and general corporate purposes.
Helios Capital's Samir Arora challenges mutual funds' IPO investment strategies, urging due diligence beyond just valuation. He highlights Helios' selective anchor investments in four IPOs this year, all showing positive post-listing performance. This comes amid ongoing debates on tech IPO valuations, with Lenskart's lukewarm debut and insights from Nithin Kamath and Ashneer Grover adding to the discussion.
Fujiyama Power Systems launches its Rs 828 crore IPO on November 13. The price band is set at Rs 216-228 per share. The issue will be open for subscription until November 17. The company plans to use the funds for a new manufacturing facility and debt repayment. Research houses recommend subscribing for long-term growth.
Tenneco Clean Air India’s Rs 3,600 crore IPO opened for subscription on Wednesday, offering over 9 crore shares in a complete offer for sale. The issue, priced between ₹378–₹397 per share, closes on November 14, with allotment on November 17 and listing slated for November 19.
PhysicsWallah’s IPO grey market premium fell to 1.83%, down from 2.75%, over its issue price of ₹109 per share. The IPO remains open for subscription until November 13, with the stock slated to list on the NSE and BSE on November 18.
Emmvee Photovoltaic Power IPO: At a grey market premium (GMP) of Rs 5, or about 2.3% above the upper price band of Rs 217. This marks a decline from the earlier 9% premium, reflecting weaker investor sentiment toward the issue. At current levels, the stock is expected to list around Rs 222.
Tenneco Clean Air India's IPO, an offer for sale worth Rs 3,600 crore, opened today with strong grey market interest. The auto component maker boasts leading market shares and strong financials, with brokerages recommending a 'Subscribe' rating for both listing gains and long-term growth.
Pine Labs' Rs 3,890 crore IPO share allotment is set for finalization today. The stock is scheduled to list on BSE and NSE on Friday. Grey market premium indicates a flat listing. Investors can check allotment status on the registrar's website or BSE. Allotted shares will appear in demat accounts by November 13.
Emmvee Photovoltaic Power’s ₹2,900 crore IPO opened with 7% Day 1 subscription. Retail investors showed the most interest, while institutional demand remained muted. The IPO’s ₹20 grey market premium hints at moderate listing optimism.
Capillary Technologies India has set its IPO price band at Rs 549–Rs 577 per share, aiming to raise Rs 345 crore through a fresh issue and Rs 380 crore via OFS.
Edtech firm PhysicsWallah’s Rs 3,480 crore IPO opened with 5% subscription on Day 1 and a 2.75% grey market premium. Analysts gave mixed ratings amid strong growth but stretched valuations.
Aequs Ltd has secured approximately Rs 144 crore in a pre-IPO funding round from SBI Funds Management, DSP India Fund, and Think India Opportunities Fund. This capital infusion reduces the fresh issue size of its upcoming IPO to around Rs 576 crore. The funds will be utilized for loan repayment, machinery acquisition, and strategic growth initiatives.
India’s IPO boom is more than market hype—it marks a structural shift toward inclusive, resilient capital markets. With rising domestic participation, regulatory reforms, and maturing institutional flows, the surge reflects capital formation “within India, for India.” Critics may focus on volatility, but this evolution is strengthening India’s financial foundation for long-term growth.
PhysicsWallah's upcoming IPO highlights unusual risks. Incidents like a falling fan and student altercations have tested the edtech firm's reputation. The company is expanding offline, introducing new safety measures. Despite these challenges, the Indian education market offers significant growth potential for PhysicsWallah. The IPO aims to fund further expansion and strengthen its hybrid model.
Pine Labs’ Rs 3,900 crore IPO faces lukewarm investor demand on its final day, with just 54% subscription and a weak grey-market premium. Despite improving financials and long-term growth prospects, analysts advise cautious optimism, citing subdued sentiment and limited short-term gains from listings.
Groww's IPO grey market premium has dropped significantly, but analysts remain optimistic about a modest listing gain. Despite a cautious market sentiment following recent weak debuts, the fintech platform's strong subscription and improving financials suggest potential for long-term growth. Investors are advised to consider holding for the medium to long term.
Mahamaya Lifesciences' Rs 70.44 crore IPO opens Tuesday, aiming to raise funds for a new manufacturing plant and equipment. Despite a cautious grey market, the company reported strong revenue and profit growth in FY25. The IPO structure includes fresh issue and offer for sale, with allocations for QIBs, NIIs, and retail investors.
Workmates Core2Cloud Solutions' Rs 69.84 crore IPO opens November 11, with shares priced between Rs 200-204. The Kolkata-based AWS Premier Consulting Partner aims to raise funds for loan repayment and working capital. The company has demonstrated strong growth, with revenue doubling and profit jumping significantly in recent years.
Emmvee Photovoltaic Power's Rs 2,900 crore IPO opens Tuesday. The company is India's second-largest integrated solar module maker. Proceeds will repay debt and fund expansion. Analysts recommend subscribing for long-term gains. The company plans significant capacity additions. Strong B2B demand supports its growth. Financials show robust growth and improving margins.
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