According to the latest reports, India is expected to see six IPOs go live from November 11, 2025, onwards. These comprise a combination of mainboard and SME IPOs across various sectors, including education technology, solar power, life sciences, and clean air solutions. However, here is a comprehensive article on these IPOs that includes all the market buzz details.
Six IPOs to Launch in India Starting November 11, 2025
Starting on November 11, 2025, the Indian capital market is expected to be very busy, with six initial public offerings (IPOs) set to open for subscription. These IPOs span a wide range of fields, including edtech, renewable energy, life sciences, and clean air technology. This shows that investors are once again interested in and confident in the market.
Upcoming IPOs: November 2025
PhysicsWallah Ltd
Industry: Education Technology (EdTech)
IPO Dates: November 11 to November 13, 2025
Issue Size: Approx ₹3,100 crore (fresh issue)
Price Band: ₹103 to ₹109 per equity share
Details: PhysicsWallah is a prominent edtech player aiming to expand its reach via this IPO. The fresh proceeds will be used for business expansion and debt reduction. This is one of the most-awaited IPOs in the current season.
Emmvee Photovoltaic Power Ltd
Industry: Solar Power / Renewable Energy
IPO Dates: November 11 to November 13, 2025
Issue Size: Approx ₹2,143.86 crore (fresh issue)
Price Band: ₹206 to ₹217 per equity share
Details: Emmvee is one of the best companies that makes solar photovoltaic products. The money from the IPO will primarily be used to cover working capital needs and support the growth of clean energy companies.
Mahamaya Lifesciences Ltd (SME IPO)
Industry: Lifesciences / Pharmaceuticals
IPO Dates: November 11 to November 13, 2025
Issue Size: Approx ₹70.44 crore (fresh issue and offer for sale)
Price Band: ₹108 to ₹114 per equity share
Details: This SME IPO targets expansion in the pharmaceutical formulations and contract manufacturing sectors with a mix of new equity and offer for sale shares. The retail subscription quota is set at 35%, with institutional investors allocated 50%.
Tenneco Clean Air India Ltd
Industry: Clean Air Technologies / Auto Components
IPO Dates: November 12 to November 14, 2025
Price Band: ₹378 to ₹397 per equity share
Details: Tenneco Clean Air specializes in automotive emissions control technologies. The IPO will provide capital for capacity enhancement and technology investments.
Workmates Core2Cloud Ltd
Industry: IT Services / Cloud Solutions
IPO Dates: November 11 to November 13, 2025
Price Band: ₹200 to ₹204 per equity share
Details: Workmates Core2Cloud offers cloud consulting and managed IT services. The company aims to leverage the proceeds from its IPO to scale operations and invest in technology upgrades.
Fujiyama Power Ltd
Industry: Power Generation and Management
IPO Dates: November 13 to November 17, 2025
Details: Though price band and size details are yet to be finalized, Fujiyama Power focuses on power solutions and infrastructure development. The recent approval signals investor anticipation.
Market Outlook
The announcement of these six IPOs indicates that the Indian equity capital market is set to be busy again, suggesting that investors are feeling more confident after a few quiet months. The mix of sectors, ranging from edtech to renewable energy and pharma, also demonstrates how investors are increasingly finding diverse ways to generate returns in the market.
Industry experts are optimistic that these IPOs could collectively raise thousands of crores of rupees, providing companies with capital to fuel growth and innovation. Especially notable is the PhysicsWallah IPO, which is expected to garner significant attention given the boom in the online education sector.
How to Participate
Interested investors, both retail and institutional, can apply online via the stock exchanges’ IPO portals, brokers, or registrar websites on the specified dates. It is advisable for investors to carefully read the offer documents, understand the valuation, and assess the company’s business fundamentals before subscribing.