IPOs in November 2025

November 2025 had 22 IPOs: 12 mainboard and 10 SME.

Of the 22 that have listed, the average listing gain was +10.3%, and 13 listed above the issue price.

Mainboard IPOs in November 2025

  • Orkla India — ₹695–730 · listed 6 Nov 2025 · subscribed 48.74× · listing gain +2.8%
  • Studds Accessories — ₹557–585 · listed 7 Nov 2025 · subscribed 73.25× · listing gain -3.4%
  • Lenskart Solutions — ₹382–402 · listed 10 Nov 2025 · subscribed 28.26× · listing gain -1.7%
  • Groww — ₹95–100 · listed 12 Nov 2025 · subscribed 17.60× · listing gain +12.0%
  • Pine Labs — ₹210–221 · listed 14 Nov 2025 · subscribed 2.48× · listing gain +9.5%
  • Emmvee Photovoltaic — ₹206–217 · listed 18 Nov 2025 · subscribed 1.02× · listing gain +0.0%
  • PhysicsWallah — ₹103–109 · listed 18 Nov 2025 · subscribed 1.92× · listing gain +33.0%
  • Tenneco Clean Air — ₹378–397 · listed 19 Nov 2025 · subscribed 61.79× · listing gain +27.2%
  • Fujiyama Power Systems — ₹216–228 · listed 20 Nov 2025 · subscribed 2.21× · listing gain -3.5%
  • Capillary Technologies — ₹549–577 · listed 21 Nov 2025 · subscribed 52.95× · listing gain -0.9%
  • Excelsoft Technologies — ₹114–120 · listed 26 Nov 2025 · subscribed 45.46× · listing gain +12.5%
  • Sudeep Pharma — ₹563–593 · listed 28 Nov 2025 · subscribed 93.71× · listing gain +23.1%

SME IPOs in November 2025

  • Jayesh Logistics (SME) — ₹116–122 · listed 3 Nov 2025 · subscribed 65.59× · listing gain -1.6%
  • Game Changers Texfab (SME) — ₹96–102 · listed 4 Nov 2025 · subscribed 1.17× · listing gain +2.1%
  • Safecure (SME) — ₹102 · listed 6 Nov 2025 · subscribed 1.81× · listing gain -20.0%
  • Shreeji Global FMCG (SME) — ₹120–125 · listed 12 Nov 2025 · subscribed 3.27× · listing gain -20.0%
  • Finbud Financial (SME) — ₹140–142 · listed 13 Nov 2025 · subscribed 4.43× · listing gain +10.6%
  • Curis Lifesciences (SME) — ₹120–128 · listed 14 Nov 2025 · subscribed 74.39× · listing gain +14.1%
  • Shining Tools (SME) — ₹114 · listed 14 Nov 2025 · subscribed 1.15× · listing gain -8.8%
  • Workmates Core2Cloud (SME) — ₹200–204 · listed 18 Nov 2025 · subscribed 141.38× · listing gain +90.0%
  • Mahamaya Lifesciences (SME) — ₹108–114 · listed 18 Nov 2025 · subscribed 1.63× · listing gain +1.8%
  • Gallard Steel (SME) — ₹142–150 · listed 26 Nov 2025 · subscribed 375.54× · listing gain +48.7%

Best listing gains in November 2025

Weakest listings in November 2025

← IPOs in October 2025 · IPOs in December 2025 →

IPO listing gains 2025 · IPO calendar · Upcoming IPOs

Information, not investment advice. GMP is an unofficial grey-market indicator; figures come from public sources (InvestorGain) and may be late or wrong. Not registered with or affiliated to SEBI, the exchanges, the registrars or InvestorGain.