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The initial public offerings (IPOs) of PhysicsWallah Ltd. and Emmvee Photovoltaic Power Ltd. will open for subscription on Tuesday. Before bidding begins, here’s what the current grey market premium (GMP) suggests about the two mainboard issues.

PhysicsWallah IPO GMP Today

According to InvestorGain, the latest grey market premium (GMP) for the PhysicsWallah IPO stood at Rs 3 per share, as of 8:30 a.m. on Nov. 11. Compared to the upper end of the price band of Rs 109, the IPO shares are expected to be listed at around Rs 112 apiece. This implies a potential listing gain of around 2.75% per share.

The PhysicsWallah IPO is a book-built issue worth Rs 3,480 crore. It comprises a fresh issue of 28.

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