After a quiet Diwali period, the primary market is set to regain momentum with multiple new issues lined up in mid-November 2025.
In the upcoming IPOs this week, five mainboard IPOs and two SME IPOs are scheduled to open, offering investors a diverse mix of opportunities across education technology, renewable energy, automotive components, and SaaS segments.
| Company | Issue Price (₹) | Opening Date |
| PhysicsWallah | 103.00 – 109.00 | Nov 11, 2025 |
| Emmvee Photovoltaic Power | 206.00 – 217.00 | Nov 11, 2025 |
| Mahamaya Lifesciences | 108.00 – 114.00 | Nov 11, 2025 |
| Workmates Core2Cloud Solution | 200.00 – 204.00 | Nov 11, 2025 |
| Tenneco Clean Air India | 378.00 – 397.00 | Nov 12, 2025 |
| Fujiyama Power Systems | 216.00 – 228.00 | Nov 13, 2025 |
| Capillary Technologies India | To be announced | Nov 14, 2025 |
Note: The data above is sorted in chronological order based on the IPO opening dates.
PhysicsWallah, India’s leading edtech company, plans to raise ₹3,480 crore through a mix of fresh issue and offer-for-sale. The proceeds will go toward platform expansion, acquisitions in the test-prep segment, and strengthening its offline learning centers.
Bengaluru-based solar manufacturer Emmvee Photovoltaic Power aims to use IPO funds for scaling up its cell and module manufacturing capacity, renewable technology R&D, and debt repayment.
Tenneco Clean Air India Ltd, an automotive emission control systems manufacturer is raising ₹3,600 crore to strengthen its India operations, set up a new plant in Gujarat, and reduce borrowings.
Fujiyama Power Systems Ltd, an electric vehicle component maker Fujiyama Power Systems will utilize the IPO proceeds to expand its EV battery plant, fund working capital needs, and for general corporate purposes.
Capillary Technologies, a SaaS-based customer engagement platform, is expected to announce its price band and issue size soon. Funds are likely to be used for product innovation, international expansion, and inorganic growth through acquisitions.
Following SME IPOs are also opening this week, offering investors opportunities in niche segments such as lifesciences and cloud-based solutions.
Open: November 11, 2025
Close: November 13, 2025
Price Band: ₹108 – ₹114 per share
Issue Size: ₹70.44 crore
Listing: BSE SME
Lead Manager: Oneview Corporate
Mahamaya Lifesciences operates in the pharmaceutical and biotechnology domain, specializing in formulation development and research-driven products. The IPO proceeds are expected to fund capacity expansion, working capital, and R&D enhancement.
Open: November 11, 2025
Close: November 13, 2025
Price Band: ₹200 – ₹204 per share
Issue Size: ₹69.84 crore
Listing: BSE SME
Lead Manager: Horizon Management
Workmates Core2Cloud Solutions provides cloud infrastructure, cybersecurity, and managed IT services. Funds raised through the issue will be utilized for technology upgrades, new data center infrastructure, and general corporate purposes.
Read More: Key Trends To Watch In November 2025.
The week of November 11–18, 2025, brings a diverse lineup of IPOs across both mainboard and SME platforms. With companies from sectors such as education technology, renewable energy, automotive components, and cloud services entering the market, investors have a wide range of choices. The upcoming listings highlight the continued momentum in India’s primary market following the festive season.
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: Nov 10, 2025, 8:45 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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