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Upcoming IPOs in November 2025: 1 Mainboard and 3 SME Offerings to Watch

Written by: Suraj Uday SinghUpdated on: 1 Nov 2025, 12:31 am IST
November 2025 has one mainboard and three SME IPOs lined up so far, with more offerings expected, reflecting strong investor interest across finance and consumer goods sectors.
Upcoming IPOs in November 2025: 1 Mainboard and 3 SME Offerings to Watch
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November 2025 is expected to be an active month for India’s primary market, with one mainboard IPO and three SME listings lined up for subscription. These public issues represent diverse sectors ranging from financial services to FMCG and healthcare. Here’s a closer look at the key IPOs opening for investors this month.

Billionbrains Garage Ventures Ltd. IPO (Groww IPO)

  • Subscription Window: November 4 to November 7, 2025
  • Price Band: ₹95 to ₹100 per share
  • Issue Size: ₹6,632.30 crore
  • Listing Exchange: BSE, NSE
  • Lead Manager: Kotak Mahindra Capital Co. Ltd.

The Groww IPO is a book-built issue worth ₹6,632.30 crore, comprising a fresh issue of 10.60 crore shares and an offer for sale of 55.72 crore shares. The issue is expected to attract strong investor attention given its large size and broad retail appeal. The IPO allotment will be finalised on November 10, 2025, and the tentative listing date is set for November 12, 2025. MUFG Intime India Pvt. Ltd. acts as the registrar of the issue.

Shreeji Global FMCG IPO (SME)

  • Subscription Window: November 4 to November 7, 2025
  • Price Band: ₹120 to ₹125 per share
  • Issue Size: ₹85 crore
  • Listing Exchange: NSE SME
  • Lead Manager: B.N. Rathi Securities Ltd.

Shreeji Global FMCG IPO is a book-built issue worth ₹85 crore, entirely consisting of fresh equity shares. The company aims to strengthen its operations in the consumer goods segment. The anchor bidding took place on November 3, 2025, raising ₹14.53 crore from institutional investors. The IPO closes on November 7, with allotment expected on November 10 and tentative listing on November 12, 2025.

Finbud Financial IPO (SME)

  • Subscription Window: November 6 to November 10, 2025
  • Price Band: ₹140 to ₹142 per share
  • Issue Size: ₹71.68 crore
  • Listing Exchange: NSE SME
  • Lead Manager: SKI Capital Services Ltd.

Finbud Financial IPO is a book-built issue comprising 50.48 lakh fresh shares, aggregating to ₹71.68 crore. The financial services company plans to utilise the proceeds to enhance its capital base and support expansion. The allotment is expected on November 11, 2025, and the stock is likely to list on November 13, 2025. Skyline Financial Services Pvt. Ltd. serves as the registrar.

Curis Lifesciences IPO (SME)

  • Subscription Window: November 7 to November 11, 2025
  • Price Band: ₹120 to ₹128 per share
  • Issue Size: ₹27.52 crore
  • Listing Exchange: NSE SME
  • Lead Manager: RS Wealth Management Pvt. Ltd.

Curis Lifesciences IPO, worth ₹27.52 crore, is an SME offering entirely comprising fresh equity shares. The company operates in the pharmaceutical and healthcare segment. The IPO opens on November 7, 2025, and closes on November 11, 2025. The allotment will be finalised on November 12, with a tentative listing scheduled for November 14, 2025.

Read More:India’s IPO Market Hits Record High ₹4 Lakh Crore Drafts Filed

Conclusion

November 2025 brings a diverse mix of public issues across sectors, reflecting the ongoing investor interest in both mainboard and SME platforms. Each IPO offers a unique opportunity for investors to engage with companies at different growth stages as India’s capital markets continue to deepen.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Published on: Oct 31, 2025, 6:56 PM IST

Suraj Uday Singh

Suraj Uday Singh is a skilled financial content writer with 3+ years of experience. At Angel One, he excels in simplifying financial concepts. Previously, he cultivated his expertise at a leading mortgage lending firm and a prominent e-commerce platform, mastering consumer-focused and engaging content strategies.

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