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Three unicorns to announce $2-billion IPOs next week
Financial Express Ahmedabad
|October 29, 2025
Groww, Pine Labs and Physics Wallah to launch public offers
THE INITIAL PUBLIC offering (IPO) market is set fora flurry of activity next week, with at least three unicorns — Groww, Pine Labs and Physics Wallah — expected to announce their issues which will collectively raise around 17,000 crore.
Groww, India’s largest brokerage by clients, is expected tomop up about %7,000 crore, including %5,940 crore through an offer for sale (OFS). Fintech unicorn Pine Labs plans to raise over ~6,180 crore following a scale-down in size, while edtech firm Physics Wallah is looking to mobilise around $3,820 crore.
Adding to the action, eye-wear retailer Lenskart’s %7,278-crore issue will close for public bids on November 4. Together, these offerings will be worth at least %24,278 crore, with several smaller IPOs also lined up during the week, investment bankers said.
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