Five mega IPOs worth Rs 35,000 crore set to hit Indian markets in November; check details

India’s primary market is witnessing an exceptional run, with five major companies preparing to collectively raise over Rs 35,000 crore through initial public offerings (IPOs) in November.

After the blockbuster issues of Tata Capital and LG Electronics India, which drew strong investor interest, upcoming listings from sectors like fintech, asset management, and consumer electronics are expected to test the market’s sustained appetite.

LensKart: Rs 8,000-Crore Issue

Eyewear retailer Lenskart, backed by Temasek and KKR, is preparing for an Rs 8,000-crore IPO in early November. The company plans to use the proceeds to expand into Tier-2 and Tier-3 cities while strengthening its omnichannel retail presence.

Groww: Rs 7,000 Crore

Online brokerage Groww, supported by Microsoft CEO Satya Nadella, is expected to launch a Rs 7,000-crore IPO in the first week of November. The Bengaluru-based investment platform has over 10 million users and is among India’s fastest-growing fintech companies.

Pine Labs: 5,800-Crore IPO

Fintech major Pine Labs, backed by Peak XV Partners and Mastercard, plans to raise Rs 5,800 crore through its share sale. The company, which provides payment and commerce solutions to over 500,000 merchants, is looking to strengthen its global presence with the fresh funds.

ICICI Prudential AMC: Rs 10,000-Crore Listing

In what could be one of the largest issues this year, ICICI Prudential Asset Management Company, India’s second-largest mutual fund house, is reportedly eyeing a Rs 10,000-crore IPO. UK-based Prudential is expected to offload a 10% stake through the offer.

boAt:  2,000-Crore Issue

Lifestyle electronics brand boAt, backed by Warburg Pincus and Qualcomm, is likely to come out with a Rs 2,000-crore IPO by the end of November. The company aims to use the proceeds to pare debt and expand its manufacturing base.

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Investor Confidence Fuels Record IPO Momentum

The upcoming IPOs follow a remarkable year for India’s capital markets. According to market data, 74 companies have already raised more than Rs 85,000 crore in 2025, excluding Tata Capital and LG Electronics India.

Notably, India is now the fourth-largest IPO market globally by funds raised, trailing only the US, Hong Kong, and China.

(This article has been compiled from multiple verified market sources. Investors are required to do their own research before investing.)