Best IPOs and Worst IPOs - SME & Mainboard - November 2025

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The best performing and worst performing SME & Mainboard IPOs in November 2025. This IPO screener table also looks at the subscription status, current gains, listing gains, and issue size.

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Listing day open Analysis - November 2025

No. of Stocks Listed in Profit14 (63.6%)
No. of Stocks Listed in Loss8 (36.4%)
Avg Listing Gains10.3%

In November 2025, 14 stocks opened on listing day in profit and 8 opened in loss, with an average listing gain of 10.34%.

Listing day close Analysis - November 2025

No. of Stocks Closed in Profit15 (68.2%)
No. of Stocks Closed in Loss7 (31.8%)
End of Listing Day Avg Gain11.4%

In November 2025, at listing day close, 15 stocks were profitable and 7 were in loss, with an average EOD gain of 11.38%.

IPO Till Date Analysis - November 2025

No. of Stocks in Profit13 (59.1%)
No. of Stocks in Loss9 (40.9%)
Average returns till date15.3%

Out of all IPOs that listed in November 2025, 13 stocks are in profit and 9 in loss till date, reflecting an overall average gain of 15.31%.

Search in Table
IPO screener results: company, price, market cap, listing date, issue details, subscription figures and listing gains. Column headers are buttons that sort the table.
Sudeep Pharma957.510815.428 Nov 25895.0 Cr₹ 593213.1x116.7x15.7x93.7x730.0774.1+23.1%+61.5%
Excelsoft Technologies83.7962.726 Nov 25500.0 Cr₹ 12047.5x101.7x15.6x43.2x135.0126.0+12.5%-30.3%
Gallard Steel158.9151.026 Nov 2537.5 Cr₹ 150120.9x837.4x466.6x349.4x223.1234.3+48.7%+6.0%
Capillary Technologies560.54461.321 Nov 25877.5 Cr₹ 57757.3x69.8x15.8x53.0x571.9606.5-0.9%-2.9%
Fujiyama Power Systems389.911967.620 Nov 25828.0 Cr₹ 2285.2x0.9x1.0x2.1x220.0208.4-3.5%+71.0%
Tenneco Clean Air562.822714.919 Nov 253600.0 Cr₹ 397166.4x40.7x5.1x58.8x505.0490.8+27.2%+41.8%
EMMVEE Photovoltaic Power318.922078.918 Nov 252900.0 Cr₹ 2171.3x0.3x1.1x1.0x217.0219.40.0%+47.0%
Physicswallah131.638172.818 Nov 253480.0 Cr₹ 1092.7x0.5x1.1x1.8x145.0155.2+33.0%+20.7%
Mahamaya Lifesciences169.8397.518 Nov 2570.4 Cr₹ 1140.6x5.3x1.4x1.6x116.0116.0+1.8%+49.0%
Workmates Core2Cloud Solution334.0431.518 Nov 2569.8 Cr₹ 20479.2x268.5x147.3x131.6x387.6368.3+90.0%+63.7%
Pine Labs154.417820.214 Nov 253899.9 Cr₹ 2214.0x0.3x1.2x2.5x242.0250.9+9.5%-30.1%
Curis Lifesciences107.086.514 Nov 2527.5 Cr₹ 12851.0x154.3x58.8x69.3x146.1141.0+14.1%-16.4%
Shining Tools87.049.214 Nov 2517.1 Cr₹ 114-0.5x1.8x1.1x104.098.8-8.8%-23.7%
Finbud Financial Services140.2267.113 Nov 2571.7 Cr₹ 1422.3x11.6x3.9x4.2x157.0164.8+10.6%-1.3%
Billionbrains Garage Ventures (Groww)190.5119530.612 Nov 256632.3 Cr₹ 10022.0x14.2x9.4x17.6x112.0131.3+12.0%+90.5%
Shreeji Global FMCG163.1371.212 Nov 2585.0 Cr₹ 1250.5x8.5x4.7x3.1x100.0101.7-20.0%+30.5%
Lenskart Solutions569.799054.910 Nov 257278.0 Cr₹ 40240.4x18.2x7.5x28.3x395.0403.1-1.7%+41.7%
Studds Accessories438.81726.607 Nov 25455.5 Cr₹ 585160.0x77.0x22.1x73.3x565.0560.3-3.4%-25.0%
Orkla566.97765.206 Nov 251667.5 Cr₹ 730117.6x54.4x7.0x48.7x750.1713.6+2.8%-22.4%
Safecure Services23.923.906 Nov 2530.6 Cr₹ 102-0.4x3.1x1.8x81.677.5-20.0%-76.6%
Game Changers Texfab129.2231.104 Nov 2554.8 Cr₹ 1020.7x2.1x1.4x1.2x104.2109.3+2.1%+26.6%
Jayesh Logistics140.8122.403 Nov 2528.6 Cr₹ 12225.4x173.5x64.5x61.3x120.0117.8-1.6%+15.4%

FAQ

An initial public offering (IPO) is a procedure by which private companies sell their shares to public investors through a book-building process. Investors will bid to buy shares within a price band, and based on the highest number of bids received at a particular price, the issue price will be determined.

QIBs are the registered institutional investors that directly apply in the Qualified Institutional Bidders category.

HNIs are investors who apply for shares in an IPO worth above Rs 2 lakh and come under non individual investor (or HNI) category.

Retail investors are individuals who apply for shares less than Rs 2 lakh in an IPO.

Investors should have a demat account with their broker. If you have a demat account, you can look for the IPO section in your demat account and select the company in which you want to invest in. Based on the amount you bid for, you will be classified either as a retail or HNI investor. Remember, the value of the shares for which you have placed bids in an IPO will be blocked from your account till the allotment of shares is completed. If you are allotted shares in the IPO, then any balance amount will be unblocked or credited into your account.

The IPO allotment process depends on the category of investors:

  1. Retail Individual Investor (RII) Category Retail investors can bid for shares up to ₹2,00,000. Shares are allotted through a lottery system if the IPO is oversubscribed in this category. Each eligible applicant has an equal chance of receiving at least one lot, regardless of when the application was submitted, provided the application is valid.
  2. High Net-Worth Individual (HNI) Investors who bid for shares worth more than ₹2,00,000 fall under this category. Allotment in the HNI category is done on a proportionate basis, i.e., in proportion to the amount of the bid. For example, if you apply for 1% of the total shares available in this category, you will receive 1% of the shares allotted to HNIs.

General Notes:

  • Oversubscription: If an IPO is heavily oversubscribed, the chances of allotment in the RII category decrease, and it is purely based on a random lottery.
  • Application Modes: Investors can apply through ASBA (Applications Supported by Blocked Amount) via their banks or through online platforms provided by brokers.