Whalesbook
Two significant Indian companies, edtech firm PhysicsWallah and renewable energy player Emmvee Photovoltaic Power Ltd, are scheduled to list their shares on the stock exchanges on November 18. PhysicsWallah's Rs 3,480 crore IPO saw strong demand, while Emmvee Photovoltaic Power's Rs 2,900 crore share sale also garnered substantial interest. Grey market indicators suggest modest listing gains for PhysicsWallah, with Emmvee Photovoltaic Power showing flat premium trends.
PhysicsWallah, a prominent edtech company offering test preparation for competitive exams like JEE, NEET, GATE, and UPSC, alongside upskilling programs, is set to list its shares on November 18. The company's Rs 3,480 crore Initial Public Offering (IPO) was subscribed nearly twice its offering size, having previously raised Rs 1,563 crore from anchor investors. Market sentiment, as reflected in the grey market, indicates a premium of about 7 percent, suggesting potential listing gains of approximately 7.16 percent.
Emmvee Photovoltaic Power Ltd, a company in the renewable energy sector, is also scheduled for its stock market debut on the same day. Its Rs 2,900 crore IPO achieved 97 percent subscription by the close of bidding. The company had secured Rs 1,305 crore from anchor investors earlier. Grey market trackers report a flat premium for Emmvee Photovoltaic Power shares. The funds raised from Emmvee's IPO will be primarily used for loan repayment and general corporate purposes.
Impact
These listings are significant for the Indian stock market as they introduce prominent players from the education technology and renewable energy sectors. Investor interest in these IPOs indicates a demand for diverse investment opportunities. The listing performance will be closely watched by investors in related sectors and the broader market.
Rating: 7/10
Difficult Terms:
IPO (Initial Public Offering): The first time a private company offers its shares to the public, allowing it to raise capital from investors.
Grey Market: An unofficial market where IPO shares are traded before their official listing on stock exchanges.
Grey Market Premium (GMP): The difference between the grey market price of an IPO share and its issue price, indicating demand before official trading.
Anchor Investors: Large institutional investors who commit to buying a significant portion of an IPO shares before the public offering begins, providing stability and confidence.
Subscription: The process where investors place bids for IPO shares. High subscription indicates strong demand.
Edtech: Stands for Education Technology, referring to companies that provide educational services or tools using technology.
Photovoltaic: Relating to the production of electric voltage and current by physical means, typically involving the conversion of light into electricity (solar power).
Subsidiary: A company controlled by a holding company (parent company).
