Upcoming Sector-wise IPO Pipeline for November and December: Where’s the Next Big Wave?
The IPO buzz is no longer away, as it’s again the talk of the town in the last months of 2025. If we check IPO statistics in India, the nation is already breaking records, with companies already raising over US$16 billion via public offerings. On the same lines, the new-age ventures are expected to raise over ₹20,000 crore just during November alone.
A majority of diverse sectors (such as fintech, manufacturing, green energy, etc.) are gearing up for IPO listing. In this blog, we are going to cover basic insights for the upcoming IPO wave in India.
Which Sectors Are Dominating the Upcoming IPO Wave?
Financial Services
A lot of banks and fintech companies are in the IPO race. You can consider this as strong economic growth with stability in the investment options.
Technology and Startups
Technology companies and their IPOs have always been in the spotlight for India’s digital growth. You can expect long-term profitability and sustainability from these IPOs.
Manufacturing Verticals
Manufacturing IPOs are going to have sound growth under the government’s Make in India initiative. Such organizations are likely to provide long-term growth and profit opportunities.
Healthcare and Pharma
Healthcare and pharma have strong demand and supply mechanisms driving IPO growth. However, you need to review the company’s record properly.
Consumer and Retail
Lifestyle and FMCG brands are also bringing IPO to target relatable investments from the general public.
Renewable Energy and Infrastructure
Solar and EV-related IPOs like Emmvee Photovoltaic Power are interesting for everyone. This sector is achieving huge popularity and support from the government, too.
Major IPOs to watch in Nov-Dec 2025
| Sector | IPO Name | Start Date | End Date |
| Fintech / Financial Services | Pine Labs Ltd. IPO | Fri, Nov 07, 2025 | Tue, Nov 11, 2025 |
| Pharmaceuticals / Lifesciences | Mahamaya Lifesciences Ltd. IPO | Tue, Nov 11, 2025 | Thu, Nov 13, 2025 |
| Education / EdTech | PhysicsWallah Ltd. IPO | Tue, Nov 11, 2025 | Thu, Nov 13, 2025 |
| Information Technology / Cloud Solutions | Workmates Core2Cloud Solution Ltd. IPO | Tue, Nov 11, 2025 | Thu, Nov 13, 2025 |
| Renewable Energy / Solar | Emmvee Photovoltaic Power Ltd. IPO | Tue, Nov 11, 2025 | Thu, Nov 13, 2025 |
| Manufacturing / Automotive Components | Tenneco Clean Air India Ltd. IPO | Wed, Nov 12, 2025 | Fri, Nov 14, 2025 |
| Retail / Lifestyle | Fabindia Limited IPO | To Be Announced | To Be Announced |
| Automobile / E-commerce | Droom Technology Ltd IPO | To Be Announced | To Be Announced |
| Healthcare / Wellness | VLCC Health Care IPO | To Be Announced | To Be Announced |
| Jewellery / Retail | Joyalukkas India Limited IPO | To Be Announced | To Be Announced |
| Fintech / Digital Payments | EBIXCASH IPO | To Be Announced | To Be Announced |
| Renewable Energy / Solar | Vikram Solar IPO | To Be Announced | To Be Announced |
| Aviation | Go Airlines IPO | To Be Announced | To Be Announced |
| FMCG / Food Processing | Keventer Agro IPO | To Be Announced | To Be Announced |
| Electronics / Mobile Manufacturing | Lava International Ltd IPO | To Be Announced | To Be Announced |
| Edible Oils / FMCG | Gemini Edibles & Fats India Ltd IPO | To Be Announced | To Be Announced |
| Pharmaceuticals | Macleods Pharmaceuticals Limited IPO | To Be Announced | To Be Announced |
| Hospitality / Travel | OYO IPO | To Be Announced | To Be Announced |
| Energy / Power | Bajaj Energy IPO | To Be Announced | To Be Announced |
Source: NSE
Investor Takeaways and What to Watch For
For investors, IPOs bring diverse options for investment, from fintech to edtech. Investors can choose as per their preference, knowledge, familiarity, comfort, and conviction.
Now, the investors also need to focus on valuations, fair prices, and other factors rather than just going with the hype of the brand. Further, it’s also important to invest in the long-term profits rather than just short-term gains.
In the end, go with the sentiment of the market also. We have seen stronger ventures struggling with IPOs when the market is going south.
Conclusion
So, the final two months of 2025 seem to be highly exciting for companies as well as the general public in terms of IPOs. Leading names like Groww, Pine Labs, PhysicsWallah, and Emmvee Photovoltaic Power are going to bring the most amazing IPO season this year.
No matter if you’re a daily investor or just want to explore what’s happening, stick with us to know more insights on the IPO season.
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This analysis is for informational purposes only. Please consult a SEBI-registered financial advisor before investing.
– Chandan Pathak
Equity Research Analyst, StockYaari