The primary market is set for an action-packed November as several marquee companies gear up to launch their much-awaited initial public offerings (IPO s), with an estimated total issue size of around ₹76,000 crore, according to media reports.
Leading the IPO lineup are ICICI Prudential AMC, Groww, Pine Labs, Physics Wallah, and boAt, along with a strong pipeline of mid-cap and renewable energy firms preparing for their market debut.
This flurry of activity comes amid buoyant investor sentiment, with both Sensex and Nifty rising over 5% in October, creating a favorable environment for robust subscriptions and strong listing gains.
🔹 Top 5 Upcoming IPOs in November 2025
1. Pine Labs IPO
Fintech firm Pine Labs will open its IPO for subscription on November 7, closing on November 11. The issue includes a fresh issue of ₹2,080 crore and an offer for sale (OFS) of 8.23 crore shares by existing shareholders.
2. Groww IPO
Investment platform Groww, operated by Billionbrains Garage Ventures, will launch its IPO on November 4, closing on November 7. The ₹6,632.30 crore issue includes a fresh issue of ₹1,060 crore and an OFS worth ₹5,572.30 crore.
3. boAt IPO
Consumer electronics major boAt is preparing to enter the capital market this month following SEBI approval in September. The IPO will include a fresh issue of ₹1,200 crore and a partial OFS, aimed at funding expansion and debt repayment.
4. Physics Wallah IPO
Edtech unicorn Physics Wallah is reportedly in the final stages of launching its IPO, expected to raise around ₹3,820 crore, marking one of the largest tech listings of the year.
5. ICICI Prudential AMC IPO
Mutual fund giant ICICI Prudential AMC, jointly owned by ICICI Bank (51%) and Prudential PLC (49%), is planning a ₹10,000 crore IPO. The company serves over 1.46 crore customers across India and could be among the biggest financial sector listings this year.
