The initial public offering ( IPO ) market is all set to see a flurry of activity, with at least three unicorns – Groww, Pinelabs and Physics Wallah – expected to raise Rs 16,800 crore next week.

The IPO of Grow , India’s largest brokerage by clients, is expected to raise around Rs 7,000 crore, including ₹5,940 crore in offer for sale (OFS). Fintech unicorn, Pine Labs, is also expected to raise above Rs 6,000 crore, after a scale down in size. Edtech company Physics Wallah is preparing to raise approximately ₹3,820 crore.

At the same time, ₹ 7,278 crore fundraise of Lenskart will close for public bids on November 4, the same week. According to investment bankers, total fundraises and launches for the next week could be to the tune of around $2 billion.

The IPO pipeline has been quit

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