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 October 2025
The following table shows the mainboard IPOs coming in October 2025. Please note that we will update this table as and when we have additional information:
Key Statistics of Top Mainboard IPOs in October 2025
Let us see the key statistics of the top mainboard IPOs of October 2025, which can help you make an informed choice if you are planning to invest in IPOs.
Studds Accessories Ltd.
Company Overview: Designs, manufactures and sells two-wheeler helmets under the “Studds” and “SMK” brands and other motorcycle accessories; exports to 70+ countries.
Financial Performance: For FY25, the company reported revenue ₹583.8 crore (up 10 %) and PAT ₹69.64 crore (up 22 %) with EBITDA margin rising to 17%.
Purpose of IPO: Entirely an Offer for Sale (OFS) of up to 7.79 million shares; the company will not receive any proceeds.
Valuation & Pricing: Price band set at ₹557–₹585 per share; at the upper end, market cap ₹2,302 crore. P/E at upper end 33.05×.
Promoters & Management: Promoters include Madhu Bhushan Khurana, Sidhartha Bhushan Khurana and family; experienced in helmet & accessories manufacturing.
Shareholding Pattern: Pre-IPO promoter holdings 37.95% (Madhu) and 31.79% (Sidhartha); will dilute post-OFS.
Risks & Challenges: Exposure to raw-material price fluctuations, heavy competition in two-wheeler accessories, and no fresh capital infusion may limit growth initiatives.
Use of IPO Funds: Since this is a pure OFS, the company receives no new funds – proceeds go entirely to selling shareholders.
Debt & Leverage: Reported net debt-equity is very low (0.02 for FY24), and the current ratio is 2.05, indicating manageable leverage.
Market Potential: India’s helmet and two-wheeler accessories market is growing, driven by rising vehicle ownership, export demand and safety awareness.
Competitive Position: Claims to be India’s largest two-wheeler helmet player by revenue for FY24 and the world’s largest by volume for CY24; strong export and OEM tie-ups.
Regulatory Compliance: The company has filed DRHP with the Securities and Exchange Board of India (SEBI) and meets listing norms; manufacturing for OEMs implies regulatory scrutiny.
Dividend Policy: No consistent historical dividend policy is clearly disclosed in publicly available sources.
Past Performance of IPOs: This is the company’s first successful IPO attempt—an earlier filing in 2018 was withdrawn.
Lock-in Period: Promoter shares will be subject to lock-in as per SEBI regulations, typical for IPOs.
Orkla India Ltd.
Company Overview: Orkla India Ltd. (formerly MTR Foods) is a multi-category Indian food company offering spices, masalas, ready-to-eat sweets and breakfast mixes under brands such as MTR, Eastern Condiments and Rasoi Magic.
Financial Performance: For FY25, revenue from operations stood at ₹2,394.71 crore (growth of 1.6 % over the previous year); EBITDA for FY25 was ₹355.05 crore and PAT was ₹255.69 crore (up 13 % YoY) with a PAT margin of 11 %.
Purpose of IPO: The issue is an Offer for Sale (OFS) only—i.e., no fresh shares will be issued, and the company will not receive any proceeds. Selling shareholders will offload up to 2.28 crore equity shares.
Valuation & Pricing: Price band has been set at ₹695 to ₹730 per equity share. The size of the issue is approximately ₹1,667.54 crore entirely via OFS.
Promoters & Management: Promoters include Orkla Asia Pacific Pte Ltd (indirectly part of Norway-based Orkla ASA) and domestic stakeholders such as Navas Meeran and Feroz Meeran. Combined promoter shareholding was 90 % at the time of filing.
Shareholding Pattern: Pre-IPO promoters held about 90 % and will dilute post-OFS; exact post-issue shareholding not disclosed.
Risks & Challenges: Key risks include competition in the packaged foods sector, raw material price fluctuations, dependency on brand strength and distribution reach, and the fact that the company is not raising growth capital via this issue.
Use of IPO Funds: Since the IPO is entirely an OFS, the company receives no funds; all proceeds go to selling shareholders.
Debt & Leverage: The company describes itself as operating on an asset-light, debt-free or low-debt model, which is an advantage in its business context.
Market Potential: The Indian packaged food market is estimated at ₹10.18 lakh crore in FY24 and projected to grow at 10.8 % CAGR from FY19 to FY24. The company operates in the spices and convenience-foods segments, which are growing with urbanisation, rising incomes and changing lifestyles.
Competitive Position: Orkla India has strong brand presence (MTR, Eastern), established distribution and manufacturing footprint (9 manufacturing facilities as of March 31, 2025), which gives it a credible position in its segments.
Regulatory Compliance: The company has received approval from the Securities and Exchange Board of India (SEBI) for the IPO.
Dividend Policy: No consistent historical dividend policy is prominently disclosed.
Past Performance of IPOs: This is the first public offering for Orkla India.
Lock-in Period: Promoter shares will be subject to the lock-in period as per SEBI regulations.
Lenskart Solutions Ltd.
Company Overview: A technology-driven eyewear company offering prescription glasses, sunglasses and contact lenses through an omnichannel network with over 2,000 stores in India and overseas.
Financial Performance: Reported revenue of approximately ₹6,625 crore in FY25 with net profit of about ₹297 crore after turning around from a loss.
Purpose of IPO: Fresh issue worth ₹2,150 crore plus an Offer for Sale by existing shareholders, aiming to raise a total of around ₹7,278 crore.
Valuation & Pricing: Price band set at ₹382-₹402 per share, valuing the company at about US$7.9 billion (₹69,500-70,000 crore).
Promoters & Management: Founded by Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi; backed by major investors such as SoftBank, Temasek and Kedaara Capital.
Shareholding Pattern: Existing shareholders will sell up to 12.75 crore shares under OFS; promoter stake will dilute post-IPO.
Risks & Challenges: Intense competition in eyewear retail, dependency on fashion trends, regulatory and operational risks, including franchisee litigation.
Use of IPO Funds: Proceeds will fund new company-owned stores, technology & cloud infrastructure investment, marketing and general corporate purposes.
Debt & Leverage: As of FY25, borrowing was approximately ₹345.94 crore; debt levels have declined from previous years.
Market Potential: The Indian eyewear market is expected to grow strongly, driven by rising vision impairment, health insurance coverage and increasing retail penetration.
Competitive Position: Strong omnichannel presence, own manufacturing, design capabilities and retail footprint give Lenskart a differentiated position.
Regulatory Compliance: Has filed its DRHP with the Securities and Exchange Board of India (SEBI) and transitioned from private to public company status.
Dividend Policy: No consistent dividend history disclosed; focus is currently on growth and expansion.
Past Performance of IPOs: This is Lenskart’s first public offering.
Lock-in Period: Promoter shares will be subject to lock-in as per SEBI regulations.
Midwest Ltd. IPO
Company Overview: A Telangana-based company specialising in granite mining and quartz processing, operating 16 quarries across Andhra Pradesh and Telangana.
Financial Performance: Revenue and profit details not fully disclosed; growth seen in mining and processing operations.
Purpose of IPO: Fresh issue of ₹250 crore for expansion and Offer for Sale (OFS) of ₹201 crore by existing shareholders.
Valuation & Pricing: Price band set at ₹1,014–₹1,065 per share; P/E ratio and EPS not disclosed.
Promoters & Management: Promoters belong to the Midwest group; experienced in mining and stone processing.
Shareholding Pattern: Pre-IPO promoters hold the majority; post-IPO promoter stake will dilute.
Use of IPO Funds: ₹250 crore fresh issue will be used for expansion; ₹201 crore OFS proceeds go to selling shareholders.
Debt & Leverage: Specific debt details not disclosed; assumed to be manageable for expansion.
Market Potential: Granite and quartz sector with increasing demand from solar glass and engineered stone industries.
Competitive Position: Strong presence in Telangana and Andhra Pradesh; 16 quarries.
Regulatory Compliance: Complies with corporate and mining regulations; no major legal issues reported.
Dividend Policy: No consistent historical dividends disclosed.
Past Performance of IPOs: First IPO; no prior listings.
Lock-in Period: Promoter shares locked in as per SEBI regulations.
Canara HSBC Life Insurance Co. Ltd.
Company Overview: A joint venture between Canara Bank, HSBC Insurance (Asia Pacific), and HSBC Life (Mauritius), offering a range of life insurance products.
Financial Performance: Detailed financials not disclosed; operates in the competitive life insurance sector.
Purpose of IPO: Entirely an Offer for Sale (OFS) of 23.75 crore equity shares, amounting to ₹2,517.50 crore.
Valuation & Pricing: Price band set at ₹100–₹106 per share.
Promoters & Management: Promoters include Canara Bank and HSBC Insurance, with an experienced management team.
Shareholding Pattern: Post-IPO, the promoter stake will dilute; exact post-issue shareholding not specified.
Risks & Challenges: Regulatory changes, competition in the insurance sector, and market volatility.
Use of IPO Funds: As an OFS, the company will not receive any proceeds; funds will go to the selling shareholders.
Debt & Leverage: Debt details not disclosed; financial strength not specified.
Market Potential: A growing life insurance market in India with increasing awareness and penetration.
Competitive Position: Established presence in the insurance sector; faces competition from other life insurers.
Regulatory Compliance: Compliant with IRDAI regulations; no major legal issues reported.
Dividend Policy: Dividend history not specified; future policy not disclosed.
Past Performance of IPOs: This is the company's first public offering.
Lock-in Period: As per SEBI regulations, promoter shares will be locked in for a specified period.
Canara Robeco Asset Management Co. Ltd.
Company Overview: A joint venture between Canara Bank and Robeco Group, managing mutual funds and providing investment advisory services.
Financial Performance: Assets Under Management (AUM) grew by 28.6% from March 2023 to March 2025.
Purpose of IPO: Offer for Sale (OFS) of ₹1,326 crore; no fresh issue.
Valuation & Pricing: Price band set at ₹253–₹266 per share; P/E ratio of 26.4.
Promoters & Management: Promoters include Canara Bank and Robeco Group; an experienced management team.
Shareholding Pattern: Post-IPO, promoter stake will dilute; exact post-issue shareholding not specified.
Risks & Challenges: Market volatility, regulatory changes, and competition in the asset management industry.
Use of IPO Funds: As an OFS, the company will not receive any proceeds; funds will go to the selling shareholders.
Debt & Leverage: Debt details not disclosed; financial strength not specified.
Market Potential: The growing mutual fund industry in India, with increasing investor participation.
Competitive Position: Established presence in the asset management industry; faces competition from other AMCs.
Regulatory Compliance: Compliant with SEBI regulations; no major legal issues reported.
Dividend Policy: Dividend history not specified; future policy not disclosed.
Past Performance of IPOs: This is the company's first public offering.
Lock-in Period: As per SEBI regulations, promoter shares will be locked in for a specified period.
Rubicon Research Ltd.
Company Overview: A research and development company specialising in pharmaceutical formulations, with facilities in India and Canada.
Financial Performance: Detailed financials not disclosed; operates in the competitive pharmaceutical sector.
Purpose of IPO: Offer for Sale (OFS) of ₹1,378 crore; no fresh issue.
Valuation & Pricing: Price band set at ₹461–₹485 per share; P/E ratio not specified.
Promoters & Management: Promoters include the founding team, experienced in pharmaceutical R&D.
Shareholding Pattern: Post-IPO, promoter stake will dilute; exact post-issue shareholding not specified.
Risks & Challenges: Regulatory approvals, R&D risks, and competition in the pharmaceutical industry.
Use of IPO Funds: As an OFS, the company will not receive any proceeds; funds will go to the selling shareholders.
Debt & Leverage: Debt details not disclosed; financial strength not specified.
Market Potential: A Growing pharmaceutical industry with increasing demand for generic formulations.
Competitive Position: Established presence in the pharmaceutical R&D sector; faces competition from other firms.
Regulatory Compliance: Compliant with regulatory standards in India and Canada; no major legal issues reported.
Dividend Policy: Dividend history not specified; future policy not disclosed.
Past Performance of IPOs: This is the company's first public offering.
Lock-in Period: As per SEBI regulations, promoter shares will be locked in for a specified period.
LG Electronics India Ltd.
Company Overview: A subsidiary of LG Electronics Inc., South Korea, engaged in the manufacturing and marketing of consumer electronics and home appliances in India.
Financial Performance: Detailed financials not disclosed; operates in the competitive consumer electronics sector.
Purpose of IPO: Offer for Sale (OFS) of ₹11,607 crore; no fresh issue.
Valuation & Pricing: Price band set at ₹1,080–₹1,140 per share; P/E ratio not specified.
Promoters & Management: Promoter is LG Electronics Inc., an experienced management team in consumer electronics.
Shareholding Pattern: Post-IPO, promoter stake will dilute; exact post-issue shareholding not specified.
Risks & Challenges: Market competition, technological advancements, and regulatory changes.
Use of IPO Funds: As an OFS, the company will not receive any proceeds; funds will go to the selling shareholders.
Debt & Leverage: Debt details not disclosed; financial strength not specified.
Market Potential: Growing demand for consumer electronics and home appliances in India.
Competitive Position: Established brand presence in India; faces competition from other consumer electronics brands.
Regulatory Compliance: Compliant with Indian regulations; no major legal issues reported.
Dividend Policy: Dividend history not specified; future policy not disclosed.
Past Performance of IPOs: This is the company's first public offering in India.
Lock-in Period: As per SEBI regulations, promoter shares will be locked in for a specified period.
Tata Capital Ltd.
Company Overview: A leading non-banking financial company (NBFC) in India, part of the Tata Group, offering a range of financial services including loans, investments, and insurance.
Financial Performance: Detailed financials not disclosed; operates in the competitive NBFC sector.
Purpose of IPO: Offer for Sale (OFS) of ₹15,511.87 crore; no fresh issue.
Valuation & Pricing: Price band set at ₹310–₹326 per share; P/E ratio not specified.
Promoters & Management: Promoter is Tata Sons Pvt. Ltd.; experienced management team in financial services.
Shareholding Pattern: Post-IPO, promoter stake will dilute; exact post-issue shareholding not specified.
Risks & Challenges: Regulatory changes, credit risk, and competition in the financial services industry.
Use of IPO Funds: As an OFS, the company will not receive any proceeds; funds will go to the selling shareholders.
List of Upcoming SME IPOs in October 2025
The following table shows the SME IPOs coming in October 2025. Please note that we will update this table as and when we have additional information:
Let us see the key statistics of the top SME IPOs of October 2025, which can help you make an informed choice if you are planning to invest in IPOs.
Shipwaves Online Ltd.
Company Overview: An online retail platform specialising in a wide range of consumer products, aiming to cater to the growing e-commerce market in India.
Financial Performance: Detailed financials not disclosed; operates in the competitive e-commerce sector.
Purpose of IPO: Entirely an Offer for Sale (OFS) of 23.75 crore equity shares, amounting to ₹2,517.75 crore.
Valuation & Pricing: Price band set at ₹12 per share; P/E ratio not specified.
Promoters & Management: Promoters include the founding team, experienced in e-commerce and retail operations.
Shareholding Pattern: Post-IPO, the promoter stake will dilute; exact post-issue shareholding not specified.
Risks & Challenges: Intense competition in the e-commerce sector, regulatory changes, and operational challenges.
Use of IPO Funds: As an OFS, the company will not receive any proceeds; funds will go to the selling shareholders.
Debt & Leverage: Debt details not disclosed; financial strength not specified.
Market Potential: A growing e-commerce market in India with increasing internet penetration and consumer spending.
Competitive Position: Faces competition from established e-commerce platforms but aims to differentiate through product range and customer service.
Regulatory Compliance: Complies with e-commerce regulations; no major legal issues reported.
Dividend Policy: No consistent historical dividends disclosed.
Past Performance of IPOs: First IPO; no prior listings.
Lock-in Period: Promoter shares will be subject to the lock-in period as per SEBI regulations.
Riddhi Display Equipments Ltd.
Company Overview: Specialises in manufacturing and supplying display counters and kitchen equipment, catering to the hospitality and retail sectors.
Financial Performance: Detailed financials not disclosed; operates in the competitive manufacturing sector.
Purpose of IPO: Entirely an Offer for Sale (OFS) of 1.16 crore equity shares, amounting to ₹24.68 crore.
Valuation & Pricing: Price band set at ₹95–₹100 per share; P/E ratio not specified.
Promoters & Management: Promoters include the founding team, experienced in manufacturing and supply chain management.
Shareholding Pattern: Post-IPO, the promoter stake will dilute; exact post-issue shareholding not specified.
Risks & Challenges: Competition in the manufacturing sector, raw material price fluctuations, and operational challenges.
Use of IPO Funds: As an OFS, the company will not receive any proceeds; funds will go to the selling shareholders.
Debt & Leverage: Debt details not disclosed; financial strength not specified.
Market Potential: Growing demand for display counters and kitchen equipment in the hospitality and retail sectors.
Competitive Position: Established presence in the manufacturing sector; faces competition from other equipment suppliers.
Regulatory Compliance: Complies with manufacturing regulations; no major legal issues reported.
Dividend Policy: No consistent historical dividends disclosed.
Past Performance of IPOs: First IPO; no prior listings.
Lock-in Period: Promoter shares will be subject to the lock-in period as per SEBI regulations.
SK Minerals & Additives Ltd.
Company Overview: Engaged in the production and supply of minerals and additives, serving industries such as construction and manufacturing.
Financial Performance: Detailed financials not disclosed; operates in the minerals and additives sector.
Purpose of IPO: Fresh issue of ₹41.15 crore; no Offer for Sale (OFS) component.
Valuation & Pricing: Price band set at ₹120–₹127 per share; P/E ratio not specified.
Promoters & Management: Promoters include the founding team, experienced in minerals and additives production.
Shareholding Pattern: Post-IPO, the promoter stake will dilute; the exact post-issue shareholding is not specified.
Risks & Challenges: Fluctuations in raw material prices, regulatory changes, and competition in the minerals sector.
Use of IPO Funds: Funds will be used for capacity expansion, working capital requirements, and general corporate purposes.
Debt & Leverage: Debt details not disclosed; financial strength not specified.
Market Potential: Growing demand for minerals and additives in the construction and manufacturing industries.
Competitive Position: Established presence in the minerals sector; faces competition from other suppliers.
Regulatory Compliance: Complies with industry regulations; no major legal issues reported.
Dividend Policy: No consistent historical dividends disclosed.
Past Performance of IPOs: First IPO; no prior listings.
Lock-in Period: Promoter shares will be subject to the lock-in period as per SEBI regulations.
Sihora Industries Ltd.
Company Overview: Involved in the manufacturing of industrial products, serving sectors such as manufacturing and infrastructure.
Financial Performance: Detailed financials not disclosed; operates in the industrial manufacturing sector.
Purpose of IPO: Fresh issue of ₹10.56 crore; no Offer for Sale (OFS) component.
Valuation & Pricing: Price band set at ₹66 per share; P/E ratio not specified.
Promoters & Management: Promoters include the founding team, experienced in industrial manufacturing.
Shareholding Pattern: Pre-issue promoters hold 100%; post-issue, promoter stake will dilute to 69.97%.
Risks & Challenges: Operational challenges, competition in the industrial sector, and regulatory compliance.
Use of IPO Funds: Funds will be used for working capital requirements and general corporate purposes.
Debt & Leverage: Debt details not disclosed; financial strength not specified.
Market Potential: Demand for industrial products in the manufacturing and infrastructure sectors.
Competitive Position: Established presence in the industrial manufacturing sector; faces competition from other manufacturers.
Regulatory Compliance: Complies with industrial regulations; no major legal issues reported.
Dividend Policy: No consistent historical dividends disclosed.
Past Performance of IPOs: First IPO; no prior listings.
Lock-in Period: Promoter shares will be subject to the lock-in period as per SEBI regulations.
Mittal Sections Ltd.
Company Overview: An Ahmedabad-based steel manufacturer, specialising in the production of steel sections and structural components.
Financial Performance: Detailed financials not disclosed; operates in the steel manufacturing sector.
Purpose of IPO: Fresh issue of ₹52.91 crore; no Offer for Sale (OFS) component.
Valuation & Pricing: Price band set at ₹136–₹143 per share; P/E ratio not specified.
Promoters & Management: Promoters include the founding team, experienced in steel manufacturing.
Shareholding Pattern: Pre-issue promoters hold 100%; post-issue, promoter stake will dilute.
Risks & Challenges: Fluctuations in steel prices, competition in the steel manufacturing sector, and regulatory compliance.
Use of IPO Funds: Funds will be used for capacity expansion, working capital requirements, and partial debt repayment.
Debt & Leverage: Debt details not disclosed; financial strength not specified.
Market Potential: Growing demand for steel products in the infrastructure and construction sectors.
Competitive Position: Established presence in the steel manufacturing sector; faces competition from other manufacturers.
Regulatory Compliance: Complies with steel manufacturing regulations; no major legal issues reported.
Previous Month IPOs
If you also want to check how September 2025 IPOs performed, we have a dedicated September 2025 IPOs article where you can find details about their open and close dates, listing dates, lot sizes, issue prices, and more.
Frequently Asked Questions
Where can I check the IPO calendar for October 2025?
You can find the IPO calendar for October 2025 on unlistedkraft that list all the upcoming IPOs in India for October 2025, with bidding and listing dates.
What are the upcoming IPOs in October 2025 in India?
Several companies are lined up for the upcoming IPOs in the October 2025 list. The October 2025 IPO calendar includes both SME IPOs and mainboard IPOs.
Which IPOs are opening this week in October 2025?
Investors can check the IPO this week, the October 2025 schedule to know which issues are live. The IPO in October 2025 this week IPO calendar highlights ongoing and upcoming subscriptions.
How do I track IPOs scheduled for early October 2025?
The IPO scheduled for early October 2025 details are available in the official upcoming IPO October 2025 calendar, updated regularly with issue dates.
What IPOs are coming next week in October 2025?
The IPO next week October 2025 calendar shows which issues are opening soon. It’s updated to include allotment, subscription, and listing timelines.
Where can I find a complete list of upcoming IPOs in India for October 2025?
The upcoming IPOs in India in October 2025 list is available at the top. However, you can also find them on market portals and SEBI filings. This IPO calendar, October 2025 upcoming IPOs guide helps investors plan subscriptions.
How often is the October 2025 IPO calendar updated?
The October 2025 IPO calendar is updated daily or weekly, especially to reflect this week’s IPOs october 2025 and any changes in opening or closing dates.
Are SME IPOs also included in the October 2025 IPO calendar?
Yes, the IPO October 2025 week IPO calendar includes both SME and mainboard issues, giving investors multiple options.
How can I apply for upcoming IPOs in October 2025?
To apply for the upcoming IPOs in October 2025 in India, investors can use ASBA via their bank account or UPI through stockbroking apps.
Where can I get the latest news on IPOs?
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.
Author: Diwakar Singh
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.
List of Upcoming Mainboard IPOs in October 2025
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