4 IPOs opening for subscription on Tuesday & GMP Data, Subscription Status & What Investors Should Track

India's primary market is set for a busy week with four IPOs, including PhysicsWallah and Emmvee Photovoltaic Power, opening for subscription on November 11. Grey Market Premiums (GMPs) for all four issues currently indicate potential positive listing gains.

Key Takeaways

• Four IPOs are set to open on November 11, indicating a busy week for India's primary market.
• Grey Market Premiums (GMPs) for all four issues currently suggest positive listing gains.
• PhysicsWallah, Emmvee Photovoltaic Power, and Workmates Core2Cloud show implied listing premiums ranging from 3.7% to 12%.
• Emmvee Photovoltaic Power is a solar module manufacturer, and Workmates Core2Cloud is a BSE SME issue.

Company Overview

The primary market is buzzing with four new IPOs. PhysicsWallah's initial public offering is valued at Rs 3,480 crore. Another notable entrant is Emmvee Photovoltaic Power, a Bengaluru-based solar module manufacturer, whose IPO is worth Rs 2,900 crore. Workmates Core2Cloud, a BSE SME issue, has an IPO size of Rs 66 crore. Additionally, Mahamaya Lifesciences is also among the four companies opening IPO subscriptions.

Market Analysis

The Indian primary market is experiencing a busy period with four IPOs opening concurrently on November 11. Early indicators from Grey Market Premiums (GMPs) are suggesting positive listing gains for all four issues, providing a sense of market sentiment ahead of their official debuts. Specifically, GMPs point to potential listing premiums of 3.7% for PhysicsWallah, 9% for Emmvee Photovoltaic Power, and 12% for Workmates Core2Cloud.

Further reading: Pine Labs IPO subscribed 13% on Day 1. GMP positive; should you consider applying?.

Valuation Analysis

Detailed valuation data for these IPOs provides insights into their potential market performance. PhysicsWallah's shares are offered within a price band of Rs 103-109 per share, with a Grey Market Premium (GMP) of Rs 4, which implies a potential listing premium of 3.7%. Emmvee Photovoltaic Power has a price band of Rs 206-217 per share and a GMP of Rs 20, suggesting an implied listing gain of 9%. Workmates Core2Cloud offers its shares in the Rs 200-204 range, with a GMP of Rs 25, implying a 12% premium above its issue price. Valuation data for Mahamaya Lifesciences, including its price band and GMP, is not disclosed.

Risk Assessment

Data not disclosed.

Investment Perspective

The prevailing Grey Market Premiums suggest a potentially favorable environment for these four IPOs to achieve positive listing gains. Investors should consider the specific details of each company, such as Emmvee Photovoltaic Power's focus on solar manufacturing or Workmates Core2Cloud's status as a BSE SME issue, to align with their investment goals. While GMPs offer an early signal of market sentiment, actual listing performance can vary, and thorough due diligence, including reviewing the prospectus and company fundamentals, is recommended.

Further reading: Pine Labs IPO Day 1: Subscription update, GMP positive, and should you consider applying?.

Execution Guardrails

1. Market scanning: Continuously monitors regulatory filings, financial news, and sentiment to highlight actionable IPO events.
2. AI risk and potential returns analysis: Benchmarks fundamentals, valuations, and demand indicators to quantify upside versus risk.
3. pre-trade position sizing recommendations and entry: Applies risk limits and provides recommendations for subscriptions or allocations in line with investor preferences.
4. Real-time monitoring and adjustments: Tracks listing updates, market tone, and liquidity to adjust positioning as signals evolve.
5. Automated exit and performance tracking: helps you track configured exits and records outcomes for ongoing strategy refinement.

Note: Broker connections are subject to availability and your broker’s terms.

Note: PortoAI provides research, alerts, and recommendations. You always confirm and execute orders yourself in your broker app. Broker connections are subject to availability and your broker's terms.

How PortoAI Helps You

• PortoAI leverages AI to scan the Indian market for emerging opportunities like IPOs, providing timely alerts.
• It analyzes early signals such as Grey Market Premiums to help Indian retail investors identify potential positive listing gains.
• PortoAI's autonomous execution helps users stay informed about significant market events without manual tracking.

Experience AI-assisted research with PortoAI — start free.

Sources

• 4 IPOs opening for subscription on Tuesday & all GMPs hint at positive listing gains (economictimes.indiatimes.com; date visible on page) — https://economictimes.indiatimes.com/markets/stocks/news/4-ipos-opening-for-subscription-on-tuesday-all-gmps-hint-at-positive-listing-gains/slideshow/125214032.cms

Disclaimer: Educational content, not investment advice.