The IPO market in November 2025 is anticipated to stay lively, with further subscriptions, listings throughout varied segments . Investor curiosity is prone to stability enthusiasm for development with a deal with valuation self-discipline, believes consultants.
This dynamic setting presents each alternatives and dangers, making thorough due diligence important for potential buyers taking part within the IPO wave in November 2025, in line with consultants.
The IPOs in November 2025 clearly exhibit a strong market urge for food throughout varied sectors, together with notable gamers like Pine Labs in fintech, Emmvee Photovoltaic in renewable power, PhysicsWallah in edtech, and Tenneco Clear Air India in automotive provides. This range underscores the robust demand and potential in these industries.
Pine Labs IPO
The general public subscription for Pine Labs IPO commenced on November 7 and can shut on November 11. On the primary day, Pine Labs IPO subscription standing was at 13%. The retail section noticed a subscription charge of 54%, whereas the Non-Institutional Buyers (NII) class acquired 7% of bids. The Certified Institutional Patrons (QIBs) portion garnered solely 2% of bids. Moreover, the worker section was subscribed at a charge of two.96 instances.
Pine Labs IPO worth band has been established between ₹210 and ₹221 per share, with an goal of surpassing a valuation of ₹25,300 crore.
Pine Labs IPO features a recent share situation valued at ₹2,080 crore and an Supply for Sale (OFS) of over 8.23 crore fairness shares, which is estimated at ₹1,819.9 crore on the increased worth level, from current shareholders.
Pine Labs IPO GMP is ₹5.5. Contemplating the higher finish of the IPO worth band and the present premium within the gray market, the estimated itemizing worth of Pine Labs share worth was indicated at ₹226.5 apiece, which is 2.49% increased than the IPO worth of ₹221.
Emmvee Photovoltaic IPO
Emmvee Photovoltaic Energy IPO might be open for public subscription on November 11 and conclude on November 13. Emmvee Photovoltaic IPO worth band has been set within the vary of ₹206 to ₹217 per share.
The Emmvee Photovoltaic Energy IPO features a recent situation of shares amounting to ₹2,143.86 crore, together with a suggestion on the market (OFS) of shares price ₹756.14 crore from the promoters, bringing the overall dimension of the problem to ₹2,900 crore.
Emmvee Photovoltaic IPO GMP at this time is ₹20. Contemplating the higher finish of the IPO worth band and the present premium within the gray market, the estimated itemizing worth of Emmvee Photovoltaic share worth was indicated at ₹237 apiece, which is 9.22% increased than the IPO worth of ₹217.
PhysicsWallah IPO
PhysicsWallah IPO date of subscription is scheduled for Tuesday, November 11 and can shut on Thursday, November 13. PhysicsWallah IPO worth band has been mounted within the vary of ₹103 to ₹109 per fairness share of the face worth of Re 1.
The PhysicsWallah IPO incorporates a new issuance of fairness shares price ₹3,100 crore, along with a suggestion on the market (OFS) of shares amounting to ₹380 crore by the promoters, as acknowledged.
PhysicsWallah IPO GMP at this time is ₹5. Contemplating the higher finish of the IPO worth band and the present premium within the gray market, the estimated itemizing worth of PhysicsWallah share worth was indicated at ₹114 apiece, which is 4.59% increased than the IPO worth of ₹109.
Tenneco Clear Air India IPO
The Tenneco Clear Air India IPO date of subscription is scheduled for Wednesday, November 12 and can shut on Friday, November 14. Tenneco Clear Air India IPO worth band has been mounted within the vary of ₹378 to ₹397 per fairness share of the face worth of ₹10.
Tenneco Clear Air India IPO is solely an offer-for-sale by its promoter, Tenneco Mauritius Holdings, and doesn’t embody any new issuances, as famous within the Pink Herring Prospectus submitted to the Registrar of Corporations on November 5.
The corporate has elevated its IPO goal to ₹3,600 crore, up from the initially meant ₹3,000 crore talked about within the draft pink herring prospectus filed in June 2025.
Tenneco Clear Air India IPO GMP at this time is ₹86. Contemplating the higher finish of the IPO worth band and the present premium within the gray market, the estimated itemizing worth of Tenneco Clear Air India share worth was indicated at ₹483 apiece, which is 21.66% increased than the IPO worth of ₹397.
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