The initial public offering ( IPO ) market is set for a flurry of activity next week, with at least three unicorns — Groww, Pine Labs and Physics Wallah — expected to launch their issues to collectively raise around Rs 17,000 crore.

Groww , India’s largest brokerage by clients, is expected to mop up about Rs 7,000 crore, including Rs 5,940 crore through an offer for sale (OFS). Fintech unicorn Pine Labs plans to raise over Rs 6,180 crore following a scale-down in size, while edtech firm Physics Wallah is looking to mobilise around Rs 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 IP

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