Mainboard IPOs in 2025
Mainboard IPOs in 2025
Discover all Mainboard IPOs and their market potential.
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Open IPOs
Open - Close13 Nov - 17 Nov
Issue size₹828
Price range₹216 – ₹228
Opens on 13 Nov
Open - Close12 Nov - 14 Nov
Issue size₹3,600
Price range₹378 – ₹397
Closes on 14 Nov
Open - Close11 Nov - 13 Nov
Issue size₹3,480
Price range₹103 – ₹109
Closes at 04:50 PM
Open - Close11 Nov - 13 Nov
Issue size₹2,900
Price range₹206 – ₹217
Closes at 04:50 PM
Name | Open - Close | Issue size | Price range | Subscription | |
|---|---|---|---|---|---|
 Physicswallah IPOMainboard, Educational Institutions | 11 Nov - 13 Nov 7 hrs | ₹3,480Cr | ₹103 – ₹109 | 0.13x | |
Emmvee Photovoltaic Power IPOMainboard | 11 Nov - 13 Nov 7 hrs | ₹2,900Cr | ₹206 – ₹217 | 0.17x | |
Tenneco Clean Air IPOMainboard | 12 Nov - 14 Nov | ₹3,600Cr | ₹378 – ₹397 | 0.57x | |
Fujiyama Power Systems IPOMainboard, Power Generation/Distribution | 13 Nov - 17 Nov | ₹828Cr | ₹216 – ₹228 | --- |
View more open IPOs
Upcoming IPOs
Date announced
Name | Status | |
|---|---|---|
Capillary Technologies India IPOMainboard, IT - Software | 14 Nov 2025 Opening | RHP |
Dates yet to be announced
Closed IPOs
Allotment Date12 Nov 2025
Demat Transfer13 Nov 2025
Listing Date14 Nov 2025
Name | Allotment Date | Demat Transfer | Listing Date | Subscription |
|---|---|---|---|---|
Pine Labs IPOMainboard, Finance - Others | 12 Nov 2025 | 13 Nov 2025 | 14 Nov 2025 | 2.46x |
Listed IPOs
Name | Listing Date | Today's LTP | Listing Price | Listing gains/loss |
|---|---|---|---|---|
Groww (Billionbrains Garage Ventures Limited)Mainboard, Finance - Stock Broking | 12 Nov 2025 | --- | ₹112.00 | 12.00% |
Lenskart Solutions IPOMainboard, Retailing | 10 Nov 2025 | --- | ₹395.00 | -1.74% |
Studds Accessories IPOMainboard, Auto Ancillary | 07 Nov 2025 | --- | ₹565.00 | -3.42% |
Orkla India IPOMainboard, Consumer Food | 06 Nov 2025 | --- | ₹750.10 | 2.75% |
Midwest IPOMainboard, Mining & Minerals | 24 Oct 2025 | --- | ₹1,165.00 | 9.39% |
View more listed IPOs
How to apply for IPOs on Upstox
Step 1
Go to www.upstox.com/ipo or open the Upstox mobile app and select the IPO you wish to apply for from the 'Open IPO' section
Step 2
Click on apply, enter the lot size, price and provide your UPI mandate.
Step 3
Approve the UPI mandate on your UPI app and you are all set!
Latest News on IPO
PhysicsWallah IPO Day 3: The ₹3,480 crore book-build issue is a mix of a fresh issuance of ₹3,100 crore and an offer for sale of ₹380 crore by promoters Alakh Pandey and Prateek Boob. The fresh issue proceeds will be used for the company's expansion and growth initiatives.
3 min read
Fujiyama Power Systems IPO: The initial share sale aims to raise ₹828 crore by fresh issuance of ₹600 crore and an offer for sale of ₹228 crore by promoters Pawan Kumar Garg and Yogesh Dua.
2 min read
Pine Labs IPO allotment status: The company aimed to raise ₹3,899.91 crore via a fresh issue of ₹2,080 crore and an offer for sale of ₹1,819.91 crore. With a price band of ₹210 to ₹221 per equity share, a lot consisted of 67 shares.
4 min read
Excelsoft Technologies IPO: The ₹500 crore initial share sale is a fresh issue of ₹180 crore and an offer for sale (OFS) of ₹320 crore by promoter Pedanta Technologies Pvt Ltd.
2 min read
Groww share price: The initial public offering was a fresh issue of equity shares totalling ₹1,060 crore, along with an offer-for-sale (OFS) component of 55.72 crore shares aggregating to ₹5,572.30 crore.
3 min read
PhysicsWallah IPO, which has an application size of 137 shares, comprises a fresh issuance of shares worth ₹3,100 crore and an Offer for Sale (OFS) of up to ₹380 crore by the promoters.
3 min read
Tenneco Clean Air IPO Day 1: The ₹3,600 crore initial share sale, with a price band of ₹378 to ₹397 per share, is exclusively an offer for sale (OFS) of 9.07 crore shares by promoter Tenneco Mauritius Holdings Limited. There is no fresh issue component.
3 min read
Fujiyama Power IPO aims to raise ₹828 crore through its public issue. The company offers end-to-end rooftop solar systems and power backup products under its flagship brands “UTL Solar” and “Fujiyama Solar. Know about the company’s financials, risks and threats ahead of issue opening.
6 min read
Pine Labs IPO is looking to raise ₹3,899.91 crore by offering new equity shares valued at ₹2,080 crore and an offer for sale (OFS) of ₹1,819.91 crore by existing investors.
3 min read
Emmvee Photovoltaic IPO: The ₹2,900 crore book-building issue is a mix of fresh issuance of ₹2,143.86 crore and an offer for sale of ₹756.14 crore.
3 min read
PhysicsWallah IPO: The ₹3,480 crore book-build issue consists of new equity shares valued at ₹3,100 crore and an offer for sale of shares totalling ₹380 crore by promoters Prateek Boob and Alakh Pandey.
3 min read
Groww IPO Listing Date: The initial share sale sought ₹6,632.30 crore by a combination of new equity shares valued at ₹1,060 crore and an offer for sale of ₹5,572.30 crore.
3 min read
Capillary Technologies IPO: The initial share sale is a fresh issuance of ₹345 crore as well as an offer for sale of ₹532.50 crore by Capillary Technologies International Pte Ltd and Trudy Holdings.
2 min read
Groww IPO allotment status finalised: The ₹6,632.30 crore initial share sale consisted of new equity shares worth ₹1,060 crore and an offer for sale (OFS) of ₹5,572.30 crore by existing investors.
4 min read
Both companies, which filed their preliminary IPO papers with SEBI in August, obtained their observations between October 30 and November 4, according to the update.
2 min read
Pine Labs IPO: The ₹3,899.91 crore initial share sale, which will end on November 11, has set a price band of ₹210 to ₹221 per share. The lot size for an application is 67 shares.
3 min read
Lenskart share price: The ₹7,278.02 crore book-building issue consisted of a fresh issuance of ₹2,150 crore and an offer for sale component of ₹5,128.02 crore by promoters and existing investors.
3 min read
PhysicsWallah IPO aims to raise ₹3,480 crore through its public issue. The company is among the top five education companies in India by revenue. It offers various kinds of courses through online and offline channels. The IPO price band has been fixed between ₹103 and ₹109 per share, with a lot size of 137 shares.
7 min read
Rapido co-founder Aravind Sanka said the firm expects to be very close to posting operational profit in the current financial year as it has no cash burn like competitors and it has been growing at the rate of 100% YoY.
4 min read
Upcoming IPOs: Solar photovoltaic module maker Emmvee Photovoltaic Power's ₹2,900 crore initial share sale will be open from November 11 to November 13. The company has set a price range of ₹206 to ₹217 per share.
4 min read
Fujiyama Power Systems IPO date: The ₹828 crore initial share sale is a fresh issuance of shares worth ₹600 crore and an offer for sale of shares aggregating to ₹228 crore by promoters Pawan Kumar Garg and Yogesh Dua.
2 min read
Financially, InCred Finance reported a profit after tax of ₹372 crore in FY25, up 18% year-on-year, and its total income surged 50% to ₹1,255 crore
2 min read
As part of the transaction, Think Investments picked up 1.07 crore equity shares, amounting to a 0.37% stake in PhysicsWallah, from 14 employees of the edtech firm
2 min read
Pine Labs IPO: The ₹3,899.91 crore initial share sale comprises a fresh issue of shares valued at ₹2,080 crore and an offer for sale (OFS) of over 8.23 crore equity shares aggregating to ₹1,819.91 crore.
3 min read
Groww IPO: The ₹6,632.30 crore public offer is a mix of fresh issuance of shares valued at ₹1,060 crore as well as an offer for sale (OFS) of ₹5,572.30 crore by existing investors.
3 min read
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About Mainboard IPO
A mainboard IPO refers to the process where a large privately held company offers its shares to the public for the first time to raise capital from the primary market. Mainboard IPOs are generally launched on both the leading stock exchanges, the NSE and BSE.To qualify for a mainboard IPO, companies must meet stringent eligibility criteria, including a minimum post-issue paid-up capital of ₹10 crore. Mainboard IPOs in India are regulated by the Securities and Exchange Board of India (SEBI) for transparency and investor protection. For information on current IPOs, you can check the IPO section on the Upstox app and the website.
How to apply for a mainboard IPO on Upstox?
Web: You can apply for an IPO through the Upstox website. Go to https://upstox.com/ipo/mainboard/ and log in. From the Open Mainboard IPOs list, choose your IPO and click apply. Enter cutoff price, lot size, and your UPI ID for the mandate. Approve the UPI mandate in your UPI app. Check your application status under the My Application tab.
App: Applying for a mainboard IPO on Upstox is simple and user-friendly.
- Start by logging into the app using your 6-digit PIN or biometrics.
- Navigate to the More tab, select IPO, and explore the current IPOs list.
- Choose your desired IPO from the available options, including mainboard IPOs, and click Apply Now.
- Fill in the required details, enter your UPI ID and proceed to approve the UPI mandate request in your UPI app.
- Once approved, track your application under the My Application tab. Upstox also provides key details about upcoming mainboard IPOs, allowing investors to keep track of the public offers of big companies.
Frequently asked questions
How does a mainboard IPO differ from an SME IPO?
A mainboard IPO differs from an SME IPO in scale, regulatory requirements and market focus. Here are some major differences:
- The Draft Red Herring Prospectus (DRHP) for a mainboard IPO is filed with SEBI, while the stock exchanges review the draft papers for an SME IPO.
- The minimum investment amount in a mainboard IPO ranges from ₹10,000 to ₹15,000. For SME IPs, the minimum investment generally starts at ₹1,00,000.
- For a mainboard IPO, the company must have at least a post-issue capital of ₹10 crore. The post-issue capital for an SME IPO is capped at ₹25 crore.
- Mainboard IPOs are listed on both the NSE and BME. On the other hand, SME IPOs are listed on the respective SME platforms of stock exchanges, like the BSE SME and NSE Emerge.
- There is no market maker’s portion in a mainboard IPO, while for SME IPOs market making is required.
- The companies launching mainboard IPOs must file financial reports every 3 months. For SMEs, financial reports should be filed every six months.
When does a mainboard IPO start trading on the exchange?
The mainboard IPO listing takes place as per the scheduled date. The IPO listing is done following the finalisation of share allotment and transfer of the shares to the Demat accounts of the allottees. The stock of the company starts trading at 10 am on the BSE and NSE on the date of listing. The trading starts following a pre-open session between 9 am and 10 am. Investors can keep track of current IPOs through the Upstox app.
Which mainboard IPO is expected to open next?
Mainboard IPOs expected to open next are:
Capillary Technologies India IPO opening on 2025-11-14,
Park Medi World Limited,
Wakefit Innovations IPO,
Prestige Hospitality Ventures IPO,
Credila Financial Services IPO
Other IPO Links
Tenneco Clean Air IPO
Trending
View IPO
How to apply for IPOs on Upstox
Step 1
Go to www.upstox.com/ipo or open the Upstox mobile app and select the IPO you wish to apply for from the 'Open IPO' section
Step 2
Click on apply, enter the lot size, price and provide your UPI mandate.
Step 3
Approve the UPI mandate on your UPI app and you are all set!
Other IPO Links