Upcoming IPOs November 2025: Groww, Lenskart, boAt, Pine Labs & More

Overview
November 2025 is shaping up as a vibrant month for IPO activity in India, with marquee names from fintech, consumer goods, healthcare, and more gearing up to access public markets. This robust pipeline reflects renewed investor appetite and positive market sentiment after a cautious first half of the year.

Offer Snapshot

• Groww (Billionbrains Garage Ventures):
  • IPO Dates: November 4–7, 2025
  • Price Band: ₹95–₹100
  • Expected Listing: November 12, 2025
  • Sector: Fintech and stockbroking platform
• Lenskart Solutions:
  • IPO Dates: October 31 – November 4, 2025
  • Price Band: ₹390–₹402
  • Expected Listing: November 6–10, 2025
  • Sector: Eyewear retail and D2C
• boAt (Imagine Marketing Ltd):
  • Expected in November 2025
  • Estimated IPO Size: ₹2,000–2,200 crore earmarked
  • Sector: Consumer electronics and wearables
• Pine Labs:
  • Expected IPO in November 2025
  • Estimated Size: ₹2,600 crore with fresh issue and OFS
  • Sector: Fintech and payment solutions
• Park Medi World:
  • Expected IPO in November 2025
  • Estimated Size: ₹1,260 crore
  • Sector: Healthcare services with NABH-accredited network
• Shreeji Global FMCG (SME IPO):
  • Dates: November 4–7, 2025
  • Price Band: ₹120–₹125
  • Sector: FMCG spices and grains processor

Financials
Across fintech leaders like Groww and Pine Labs, revenues are growing rapidly fueled by retail digitization and payments penetration. Consumer brands like boAt and Lenskart enjoy robust sales with improving profitability. Healthcare players like Park Medi World demonstrate steady margin expansion and organic growth in a regulated space. SME listings such as Shreeji Global FMCG continue regional leadership with steady revenue growth.

Business Highlights

• Groww aims to leverage its comprehensive investing platform in a booming Indian fintech market.
• Lenskart and boAt cater to strong consumer demand for digital-first retail and lifestyle products.
• Pine Labs positions itself as a comprehensive payment infrastructure provider across India and South Asia.
• Park Medi World expands affordable healthcare reach in North India.
• Shreeji Global FMCG utilizes a blend of technology and traditional sourcing to scale operations.

Use of Proceeds
Majority of fresh issues plan to invest in capacity expansion, technology upgrades, brand marketing, and working capital. OFS proceeds facilitate partial exits for early investors and promoters while enabling broader public ownership in strategic sectors.

Risks
Market volatility, competition intensity, and regulatory shifts remain key risks. IPO success and post-listing performance will depend on pricing, investor sentiment, and execution capabilities in fast-evolving sectors.

What to Watch Next

• Subscription trends for marquee IPOs, especially fintech and consumer brands
• Competitive landscape updates and pricing announcement timelines
• Allotment and listing schedules for smooth market debut
• Broader macro factors impacting investor risk appetite and valuations

FAQs
Q1: Which IPOs are launching in November 2025?
Groww, Lenskart, boAt, Pine Labs, Park Medi World, and Shreeji Global FMCG (SME) are key IPOs slated for November.

Q2: What sectors dominate the November IPO calendar?
Fintech, consumer electronics, eyewear retail, healthcare, and FMCG are the major sectors.

Q3: Are these IPOs large or SME?
Most are mainboard IPOs; Shreeji Global FMCG is an SME IPO.

Q4: What is the expected subscription and listing timeline?
Subscription typically opens between early to mid-November with listings following within the week post allotment.

Q5: How are IPO proceeds typically used?
Funds generally support expansion, marketing, product development, and promoter/investor exits.