If you are an investor focused on IPOs, then this month brings diverse IPOs from diversified fields. This blog from UnlistedKraft can help you with actionable insights to make an informed decision regarding your investment in IPOs. We regularly update these tables.
List of Upcoming Mainboard IPOs in November 2025The following table shows the mainboard IPOs launched in November 2025. Please note that we will update this table as and when we have additional information:
Key Statistics of Top Mainboard IPOs in November 2025Let us see the key statistics of the top mainboard IPOs of November 2025, which can help you make an informed choice if you are planning to invest in IPOs.
The Tenneco Clean Air IPO is a book-built issue worth ₹3,600 crore, consisting entirely of an offer for sale (OFS). This means that all the proceeds from the IPO will go to the existing shareholders selling their stakes, and the company will not receive any fresh capital. The IPO opens for subscription on November 12, 2025, and closes on November 14, 2025. The basis of allotment is expected to be finalized on November 17, 2025, and the shares are likely to be listed on the NSE and BSE on November 19, 2025.
The price band for the Tenneco Clean Air IPO will be announced soon. JM Financial Ltd. is the book-running lead manager for this issue, while MUFG Intime India Pvt. Ltd. will act as the registrar.
The PhysicsWallah IPO is a book-built issue worth ₹3,480 crore, consisting of a fresh issue of 28.44 crore shares aggregating to ₹3,100 crore and an offer for sale (OFS) of 3.49 crore shares amounting to ₹380 crore. The IPO will open for subscription on November 11, 2025, and close on November 13, 2025. The allotment date is expected on November 14, 2025, while the shares are likely to be listed on NSE and BSE on November 18, 2025.
The price band for the PhysicsWallah IPO is set between ₹103 and ₹109 per share. The lot size is 137 shares, meaning retail investors need to invest at least ₹14,933 at the upper price band. For non-institutional investors (sNII), the minimum application size is 14 lots (1,918 shares) worth ₹2,09,062, and for big non-institutional investors (bNII), it is 67 lots (9,179 shares) worth ₹10,00,511. Kotak Mahindra Capital Co. Ltd. is the book running lead manager, and MUFG Intime India Pvt. Ltd. is the registrar of the PhysicsWallah IPO.
The Emmvee Photovoltaic IPO is a book-built issue worth ₹2,900 crore, comprising a fresh issue of 9.88 crore shares aggregating to ₹2,143.86 crore and an offer for sale (OFS) of 3.48 crore shares amounting to ₹756.14 crore. The IPO will open for subscription on November 11, 2025, and close on November 13, 2025. The allotment is expected to be finalised on November 14, 2025, and the shares are likely to list on NSE and BSE on November 18, 2025.
The price band for the Emmvee Photovoltaic IPO is fixed between ₹206 and ₹217 per share. The lot size is 69 shares, meaning a minimum retail investment of ₹14,973 at the upper price band. For sNII investors, the minimum application size is 14 lots (966 shares) worth ₹2,09,622, while bNII investors can apply for 67 lots (4,623 shares) valued at ₹10,03,191. JM Financial Ltd. is the book-running lead manager, and Kfin Technologies Ltd. is the registrar of the Emmvee Photovoltaic IPO.
Pine Labs IPO is a book-built public issue of ₹3,899.91 crore, comprising a fresh issue of ₹2,080 crore (9.41 crore shares) and an offer for sale of ₹1,819.91 crore (8.23 crore shares). The IPO will open for subscription on November 7, 2025 and close on November 11, 2025, with the allotment expected on November 12, 2025. The shares are scheduled to list on NSE and BSE on November 14, 2025. The Pine Labs IPO price band is set between ₹210 and ₹221 per share, and the lot size is 67 shares, requiring a minimum retail investment of ₹14,807 (based on the upper price band). For non-institutional investors, sNII can apply for 14 lots (938 shares) amounting to ₹2,07,298, while bNII can apply for 68 lots (4,556 shares) totalling ₹10,06,876. Axis Capital Ltd is the book-running lead manager, and Kfin Technologies Ltd is the registrar for the issue.
The Groww IPO is valued at ₹6,632.30 crore. Out of this, ₹1,060 crore will come from a fresh issue of 10.60 crore new shares, while ₹5,572.30 crore will be raised through the sale of 55.72 crore existing shares by current shareholders. The IPO will open on November 4, 2025, and close on November 7, 2025. The allotment is expected on November 10, 2025, and the shares are likely to list on the NSE and BSE on November 12, 2025. The price band for the IPO is ₹95 to ₹100 per share. Investors can apply for a minimum lot of 150 shares, which means retail investors need to invest at least ₹15,000 at the upper price. For sNII investors, the minimum investment is 14 lots or 2,100 shares (₹2,10,000), and for bNII investors, it is 67 lots or 10,050 shares (₹10,05,000).
Lenskart Solutions Ltd., a tech-led eyewear retailer with over 2,000 stores in India and growing international reach, is launching its first IPO backed by strong financial momentum, having grown revenue to ₹7,009 crore and turning profitable with ₹297 crore PAT in FY25. The ₹7,278 crore issue includes a ₹2,150 crore fresh issue focused on store expansion, lease/rent costs, technology upgrades and brand marketing, along with a large ₹5,128 crore OFS from major investors like SoftBank and Temasek. Priced at ₹382–₹402 per share, Lenskart’s valuation touches nearly ₹70,000 crore.
Key risks include its high valuation, intense competition and raw material cost pressures, though its omnichannel network, manufacturing capability and large addressable market strengthen its competitive position. Promoter stakes will dilute post-issue and remain under SEBI lock-in norms.
Studds Accessories Ltd., India’s largest helmet manufacturer and a major global exporter, is coming out with its maiden IPO entirely through an Offer for Sale of 7.79 million shares, valuing the company at about ₹2,302 crore at the upper price band of ₹585. With FY25 revenue of ₹583.8 crore and PAT of ₹69.64 crore, the company has shown steady growth supported by rising safety awareness and two-wheeler demand, while maintaining very low debt levels. Since the IPO is a pure OFS, the company will not receive any fresh capital, which may limit future expansion.
Key risks include raw material cost fluctuations and heavy competition in the accessories market. Despite this, Studds retains a strong market position through wide exports, OEM partnerships and established brands like “Studds” and “SMK,” with promoter shares subject to SEBI lock-in requirements post-listing.
List of Upcoming SME IPOs in November 2025The following table shows the SME IPOs launched in November 2025. Please note that we will update this table as and when we have additional information:
Key Statistics of Top SME IPOs in November 2025Let us see the key statistics of the top mainboard IPOs of November 2025, which can help you make an informed choice if you are planning to invest in IPOs.
Mahamaya Lifesciences IPO is a book-built issue worth ₹70.44 crore, consisting of a fresh issue of 0.56 crore shares totalling ₹64.28 crore and an offer for sale (OFS) of 0.05 crore shares totalling ₹6.16 crore. The IPO will open for subscription on November 11, 2025 and close on November 13, 2025, with the allotment expected on November 14, 2025. The shares are proposed to list on the BSE SME platform on November 18, 2025. The IPO price band is fixed at ₹108 – ₹114 per share, and the lot size is 1,200 shares. Retail investors are required to make a minimum investment of ₹2,73,600 (2,400 shares at the upper band), while HNI investors must apply for a minimum of 3 lots (3,600 shares) worth ₹4,10,400. Oneview Corporate Advisors Pvt. Ltd. is the book-running lead manager to the issue, Kfin Technologies Ltd. is the registrar, and Mansi Share & Stock Broking Pvt. Ltd. will act as the market maker.
Shining Tools IPO is a fixed-price issue of ₹17.10 crore, consisting entirely of a fresh issue of 0.15 crore shares. The IPO will open for subscription on November 7, 2025, and close on November 11, 2025, with the allotment expected on November 12, 2025. The company’s shares are proposed to list on the BSE SME platform on November 14, 2025. The IPO price is ₹114 per share, and the lot size is 1,200 shares. Retail investors must invest a minimum of ₹2,73,600 (2,400 shares), while HNI investors need to apply for at least 3 lots (3,600 shares), amounting to ₹4,10,400. Sobhagya Capital Options Pvt. Ltd. is the book-running lead manager to the issue, Maashitla Securities Pvt. Ltd. is the registrar, and Aftertrade Broking Pvt. Ltd. has been appointed as the market maker.
The Shreeji Global FMCG Ltd IPO is valued at ₹85 crore, and the entire amount will be raised through a fresh issue of 0.68 crore new shares. The IPO will open on November 4, 2025, and close on November 7, 2025. The allotment is expected on November 10, 2025, and the company plans to list on the NSE SME platform on November 12, 2025. The price band for the issue is ₹120 to ₹125 per share. Investors can apply with a minimum lot size of 1,000 shares, which means retail investors need to invest at least ₹2,50,000 (for 2,000 shares at the upper price). For HNI investors, the minimum investment is 3 lots or 3,000 shares, amounting to ₹3,75,000. Interactive Financial Services Ltd is the lead manager for the issue, MUFG Intime India Pvt Ltd is the registrar, and the market makers are Svcm Securities Pvt Ltd and B.N. Rathi Securities Ltd.
The Finbud Financial IPO is worth ₹71.68 crore, and the full amount will be raised through a fresh issue of 0.50 crore new shares. The IPO opens on November 6, 2025, and closes on November 10, 2025. The allotment is expected on November 11, 2025, and the company is likely to list on the NSE SME platform on November 13, 2025. The price band is set between ₹140 and ₹142 per share. Investors need to apply for a minimum lot of 1,000 shares, meaning retail investors must invest at least ₹2,84,000 (for 2,000 shares at the upper price). For HNI investors, the minimum investment is 3 lots or 3,000 shares, which amounts to ₹4,26,000. SKI Capital Services Ltd is the lead manager, Skyline Financial Services Pvt Ltd is the registrar, and SKI Capital Services Ltd will also act as the market maker.
The Curis Lifesciences IPO is valued at ₹27.52 crore, and the entire amount will be raised through a fresh issue of 0.22 crore new shares. The IPO will open on November 7, 2025, and close on November 11, 2025. The allotment is expected to be finalised on November 12, 2025, and the shares are likely to list on the NSE SME platform on November 14, 2025. The price band is set between ₹120 and ₹128 per share. Investors must apply for a minimum lot of 1,000 shares, meaning retail investors need to invest at least ₹2,56,000 (for 2,000 shares at the upper range). For HNI investors, the minimum investment is 3 lots or 3,000 shares, amounting to ₹3,84,000. Finaax Capital Advisors Private Limited is the lead manager, MUFG Intime India Pvt Ltd is the registrar, and RS Wealth Management Private Limited will act as the market maker.
Previous Month IPOsIf you also want to check how October 2025 IPOs performed, we have a dedicated article, List of IPO's in October 2025, where you can find details about their open and close dates, listing dates, lot sizes, issue prices, and more.
Frequently Asked Questions
You can find the IPO calendar November 2025 on unlistedkraft, which lists all the upcoming IPOs in India November 2025 with bidding and listing dates.
Several companies are lined up in the upcoming IPOs India November 2025 list. The November 2025 IPO calendar includes both SME IPOs and mainboard IPOs.
Investors can check the IPO this week November 2025 schedule to know which issues are live. The IPO November 2025 this week IPO calendar highlights ongoing and upcoming subscriptions.
The IPO scheduled for early November 2025 details are available in the official upcoming IPO November 2025 calendar, updated regularly with issue dates.
The IPO next week November 2025 calendar shows which issues are opening soon. It’s updated to include allotment, subscription, and listing timelines.
The upcoming IPOs India November 2025 list is available at the top. However, you can also find them on market portals and SEBI filings. This IPO calendar November 2025 upcoming IPOs guide helps investors plan subscriptions.
The November 2025 IPO calendar is updated daily or weekly, especially to reflect this week’s IPOs november 2025 and any changes in opening or closing dates.
Yes, the IPO November 2025 week IPO calendar includes both SME and mainboard issues, giving investors multiple options.
To apply for upcoming IPOs November 2025 in India, investors can use ASBA via their bank account or UPI through stockbroking apps.
You can stay updated with the latest IPO developments on UnlistedKraft Latest News, which provides regular and updated news on IPOs and unlisted shares.
*Disclaimer: The data and values mentioned have been compiled from various online and other reliable sources. While we strive for accuracy, errors may still occur. We do not take responsibility for any inaccuracies or omissions. Readers are advised to independently verify the information before making any financial or business decision. We shall not be held liable for any losses, damages, or consequences arising from decisions made based on the information provided.
Diwakar Singh is a seasoned financial content strategist with over six years of experience in analysing and writing about financial instruments and markets.
An MBA gold medalist from IMT, he blends academic excellence with practical insight to craft clear and actionable content. His expertise spans banking, investments, insurance, capital markets, and emerging financial technologies.
Known for his research-driven approach and engaging style, Diwakar is recognised as a trusted voice helping readers and businesses navigate the evolving financial landscape with confidence.
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