Upcoming IPO in November 2025 | Mainboard & SME IPO Watch List

Good News for eagerly waiting investors! We are about to enter November 2025, with various companies ready to step into the stock exchange and are expected to raise maximum amounts through an Initial Public Offering (IPO). If you are looking for the latest IPO in November 2025, you are at the right place. Below is the list of various companies that have filed for DRHP and got approval as RHP, which are expected to hit the primary market in November 2025.

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Due to weak market sentiment, several IPOs did not perform as expected, while many others were launched in both the SME and Mainboard segments. 

Here are the November IPO 2025 details. Let’s find out about the current Mainline and SME IPOs that open this November and in the forthcoming weeks. 

Upcoming IPO Opening DateClosing DateType of IPOIPO SizePrice Band
Lenskart SolutionsOctober 31November 4Mainboard₹7,278.02 Cr.₹382 to ₹402
Shreeji Global FMCGNovember 4November 7SME₹85 Cr.₹120 to ₹125
GrowwNovember 4November 7Mainboard₹6,632.30 Cr.₹95 to ₹100
Finbud FinancialNovember 6November 10SME₹71.68 Cr.₹140 to ₹142
Curis LifesciencesNovember 7November 11SME₹27.52 Cr.₹120 to ₹128
Pine LabsNovember 7November 11Mainboard₹3,899.91 Cr.₹210 to ₹221 
Shining ToolsNovember 7November 11SME₹17.10 Cr.₹114
Mahamaya LifesciencesNovember 11November 13SME₹70.44 Cr.₹108 to ₹114
PhysicsWallahNovember 11November 13Mainboard₹3,820 Cr.₹103 to ₹109
Emmvee PhotovoltaicNovember 11November 13Mainboard₹2900 Cr.₹206 to ₹217
Workmates Core2CloudNovember 11November 13SME₹69.84 Cr.₹200 to ₹204
Tenneco Clean AirNovember 12November 14Mainboard₹3600 Cr.₹378 to ₹397
Fujiyama PowerNovember 13November 17Mainboard₹828 Cr.₹216 to ₹228
Capillary TechnologiesNovember 14November 18Mainboard₹877.50 Cr.₹549 to ₹577
Gallard SteelNovember 19November 21SME₹37.50 Cr.₹142 to ₹150 
Excelsoft TechnologiesNovember 19November 21Mainboard₹500.00 Cr.₹114 to ₹120
Sudeep PharmaNovember 21November 25Mainboard₹895 Cr.₹563 to ₹593
SSMD AgrotechNovember 24November 26SME₹33.80 Cr.₹114 to ₹120
K K Silk MillsNovember 26November 28SME₹28.50 Cr.₹36 to ₹38
Mother Nutri FoodsNovember 26November 28SME₹39.59 Cr.₹111 to ₹117
Clear SecuredTBATBAMainboard₹- Cr.TBA
Vidya WiresTBATBAMainboard₹- Cr.TBA
Clean Max EnviroTBATBAMainboard₹5200 Cr.TBA

Lenskart Solutions

Lenskart Solutions IPO will open on October 31, 2025, and close on November 4, 2025. It is a Book Built Issue worth ₹7,278.02 crores, which includes a fresh issue of ₹2,150 crores and an offer for sale (OFS) of 12.75 crore shares. The price band for the IPO is ₹382–₹402 per share, and the face value of each share is ₹2. 

Shreeji Global FMCG

Shreeji Global FMCG IPO will open on November 4, 2025, and close on November 7, 2025. It is a Book Built Issue through which the company plans to raise around ₹85 crores via a fresh issue. The price band is ₹120–₹125 per share, and the face value of each share is ₹10. 

Groww

Groww IPO will open on November 4, 2025, and close on November 7, 2025. The company plans to raise about ₹6,632.30 crores, consisting of a fresh issue of ₹1,060 crores and an offer for sale of 55,72,30,051 equity shares. The price band is set between ₹95–₹100 per share, and the face value is ₹2 per share. 

Finbud Financial

Finbud Financial IPO will open on November 6, 2025, and close on November 10, 2025. It is a Book Built Issue through which the company aims to raise around ₹71.68 crores via a fresh issue. The price band is ₹140–₹142 per share, and the face value is ₹10 each. 

Curis Lifesciences 

Curis Lifesciences IPO will open on November 7, 2025, and close on November 11, 2025. It is a Book Built Issue aiming to raise about ₹27.52 crores through a fresh issue. The price band for the IPO is ₹120–₹128 per share, and the face value is ₹10 each. 

Pine Labs 

Pine Labs is the latest November 2025 IPO, opening from November 7, 2025, and will close on November 11, 2025. Moreover, the IPO Price band is ₹210 to ₹221 per share. The IPO has an issue size of ₹3,899.91 crores, wherein the fresh issue of ₹2,080 crores and offer for sale up to 82,348,779 equity shares with a face value of ₹1 each. The company has valuable reasons for launching an IPO.

Shining Tools

Shining Tools IPO open date is November 7, 2025, and the IPO will close on November 11, 2025. Shining Tools IPO is a Fixed Price Issue. The company to raise around ₹17.10 crores via IPO, which comprises a fresh issue of ₹17.10 crores with a face value of ₹10 each. Shining Tools IPO price band is ₹114 per share.

Mahamaya Lifesciences

Mahamaya Lifescience IPO is opening from November 11, 2025, and will close on November 13, 2025. Moreover, the company has aimed to raise around ₹70.44 crores, wherein a fresh issue of ₹64.28 crores and offer for sale up to 5,40,800 equity shares with a face value of ₹10 each. In the Mahamaya Lifescience retail quota is 35%, QIB is 50%, and HNI is 15%. 

Mahamaya Lifesciences IPO price band is ₹108 to ₹114 per share. 

PhysicsWallah

PhysicsWallah is planning an IPO in 2025 through a Book Built Issue to raise around ₹3,820 crores. Out of this, ₹3,100 crores will come from the fresh issue of new shares. Each share has a face value of ₹1. The IPO provides investors with an opportunity to buy both new and existing shares of the company. The rest of the details will be given soon

Emmvee Photovoltaic 

Emmvee Photovoltaic Limited is launching its Initial Public Offering (IPO) on November 11, 2025, and the issue will close on November 13, 2025. This is a Book Built Issue through which the company aims to raise around ₹2,900 crores. The IPO consists of a fresh issue of shares worth ₹2,143.86 crores and an offer for sale (OFS) of up to 3,48,45,069 equity shares, each having a face value of ₹2. The price band for the Emmvee Photovoltaic IPO has been set between ₹206 and ₹217 per share. 

Workmates Core2Cloud 

Workmates Core2Cloud IPO open date is November 11, 2025 and the IPO will close on November 13, 2025. Workmates Core2Cloud IPO is a Book Built Issue. The company to raise around ₹69.84 crores via IPO that comprises fresh issue of ₹59.34 crores and offer for sale up to 5,14,800 equity shares with face value of ₹10 each.

Workmates Core2Cloud IPO price band is ₹200 to ₹204 per share.

Tenneco Clean Air

Tenneco Clean Air Limited will open its IPO on November 12, 2025, and it will close on November 14, 2025. This is a Book Built Issue through which the company plans to raise around ₹3,600 crores. The IPO includes an offer for sale (OFS) of up to 9,06,80,101 equity shares with a face value of ₹10 each. The price band for the Tenneco Clean Air IPO is set between ₹378 and ₹397 per share. 

Fujiyama Power Systems IPO aka UTL Solar 

Fujiyama Power Systems Limited, also known as UTL Solar, will open its IPO on November 13, 2025, and close on November 17, 2025. It is a Book Built Issue through which the company aims to raise around ₹[amount not yet announced] crores. The IPO includes a fresh issue of shares worth ₹600 crores and an offer for sale (OFS) of up to 1,00,00,000 equity shares with a face value of ₹1 each. 

Capillary Technologies 

Capillary Technologies is launching its Initial Public Offering (IPO) on November 14, 2025, which will close on November 18, 2025. This is a Book Built Issue through which the company aims to raise around ₹877.50 crores. The IPO consists of a fresh issue worth ₹345 crores and an offer for sale (OFS) of up to 92,28,796 equity shares, each having a face value of ₹2. The price band for the IPO has been set between ₹549 and ₹577 per share.

Gallard Steel

Gallard Steel’s IPO is opening from November 19, 2025, and closing on November 21, 2025. Moreover, the IPO issue size is ₹37.50 crores via fresh issue, with the face value of ₹10 each. Gallard Steel IPO price band is ₹142 to ₹150 per share. 

Excelsoft Technologies

Excelsoft Technologies IPO will open on November 19, 2025 and close on November 21, 2025. It is a Bookbuilt Issue worth about ₹500 crore, including a fresh issue of ₹180 crore and an OFS of 2,66,66,666 shares.

The price band is ₹114–₹120 per share. 

Sudeep Pharma

Sudeep Pharma IPO will open on November 21, 2025, and close on November 25, 2025. It is a Book-built Issue of about ₹895 crore, including a fresh issue of ₹95 crore and an OFS of 1,34,90,726 shares. The price band is ₹563–₹593 per share.

SSMD Agrotech

SSMD Agrotech India IPO will open on November 24, 2025, and close on November 26, 2025. It is a Book Built Issue worth ₹33.80 crore, fully comprising a fresh issue of ₹33.80 crore. The price band is ₹114–₹120 per share.

K K Silk Mills

K K Silk Mills IPO will open on November 26, 2025, and close on November 28, 2025. It is a Book Built Issue of ₹28.50 crore, entirely a fresh issue.

The price band is ₹36–₹38 per share. 

Mother Nutri Foods

Mother Nutri Foods IPO will open on November 26, 2025, and close on November 28, 2025. It is a Book Built Issue of about ₹39.59 crore, including a fresh issue of ₹31.67 crore and an OFS of 6,76,800 shares. The price band is ₹111–₹117 per share.

Vidya Wires

Vidya Wires IPO opening and closing, along with full information, are yet to be announced.

Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.

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