Which Mainboard and SME IPOs Should Investors Track Right Now?
About the Latest IPO Activity
The IPO market continues to remain active with both Mainboard and SME offerings seeing strong investor attention. Below is a consolidated and structured snapshot of all IPOs currently open as of 13 November 2025, along with issue details and prevailing Grey Market Premium (GMP). This helps retail investors compare pricing, lot size requirements and demand sentiment before applying.
These IPOs cover renewable energy, education tech, auto components, power systems, cloud solutions and healthcare verticals—making it important for investors to assess underlying business strength along with GMP trends.
Mainboard IPOs (13 November 2025)
| Company | Issue Size | Price Band | Lot Size | Retail Amount | GMP |
|---|---|---|---|---|---|
| Emmvee Photovoltaic Power | ₹2,900 Cr | ₹206–217 | 69 shares | ₹14,973 | 1% |
| PhysicsWallah Ltd | ₹3,480 Cr | ₹103–109 | 137 shares | ₹14,933 | 1% |
| Tenneco Clean Air India | ₹3,600 Cr | ₹378–397 | 37 shares | ₹14,689 | 21% |
| Fujiyama Power Systems | ₹828 Cr | ₹216–228 | 65 shares | ₹14,820 | Nil |
Mainboard IPOs show moderate GMP activity except Tenneco Clean Air, which is reflecting strong premium demand. Investors should still verify fundamentals and avoid depending solely on GMP.
You may analyse broader market setups with curated insights available through our Nifty guidance for better decision support.
SME IPOs (13 November 2025)
| Company | Issue Size | Price Band | Lot Size | Retail Amount | GMP |
|---|---|---|---|---|---|
| Workmates Core2Cloud Solution | ₹69.84 Cr | ₹200–204 | 600 shares | ₹2,44,800 | 15% |
| Mahamaya Lifesciences | ₹70.44 Cr | ₹108–114 | 1200 shares | ₹2,73,600 | Nil |
Strengths & Weaknesses of Current IPO Trends
Strengths
|
Weaknesses
|
Opportunities & Threats
|
|
Investor Takeaway
Nifty and Bank Nifty Expert Gulshan Khera, CFP®, who is a SEBI Regd Investment Adviser, advises investors to focus on fundamentals and business strength rather than relying solely on GMP. Explore detailed IPO and market analysis at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
