Major IPOs in the Indian Market — October & November 2025

Introduction

India’s IPO market is buzzing again — and this time, it’s not about what’s coming, but what’s already here.

After months of anticipation, several big names have hit the market, drawing strong interest from both retail and institutional investors.

From consumer brands like Orkla India (MTR Foods) and Studds Accessories Ltd., to fast-growing innovators like Lenskart Solutions, the current IPO lineup showcases India’s expanding growth story across FMCG, automotive, and retail technology sectors.

While the sentiment is clearly positive, investors are also being more selective — focusing on fundamentals, brand strength, and valuation comfort. With multiple listings opening and closing within days, knowing which IPOs are worth applying for right now can make all the difference.

Ongoing IPOs

Lenskart Solutions Ltd

About the Company

Lenskart has revolutionised eyewear shopping in India by combining digital convenience with an expansive offline network. With over 2,000 domestic and 600 international stores, it stands among India’s most recognisable lifestyle brands.

IPO Highlights

• Dates: Oct 31 – Nov 4, 2025
  
  

• Price Band: Rs. 382–402 per share
  
  

• Issue Size: Rs. 7,278.02 crore
  
  

• Lot Size: 37 shares
  
  

• Minimum Investment: Rs. 14,134
  
  

Key Metrics

• FY25 Revenue: Rs. 3,800 crore
  
  

• PAT Margin: ~8%
  
  

• FY25 Net Profit: Rs. 310 crore
  
  

Investor View

Lenskart offers strong brand recall, profitability, and visible growth. However, valuation comfort remains key — it’s priced more like a premium lifestyle company than a traditional retailer.

Easy Apply

Orkla India Ltd

About the Company

Orkla India Limited, part of Norway’s Orkla ASA Group, owns popular Indian food brands like MTR and Eastern. The company offers a wide range of packaged foods — from ready mixes and snacks to beverages and desserts — catering to India’s rapidly expanding FMCG market.

IPO Highlights

• Dates: Oct 29 – Oct 31, 2025
  
  

• Price Band: Rs. 695 – Rs. 730 per share
  
  

• Issue Size: Rs. 1,667 crore
  
  

• Lot Size: 20 shares
  
  

• Minimum Investment: Rs. 13,900
  
  

Key Metrics

• FY25 Revenue: Rs. 2,950 crore
  
  

• PAT Margin: ~7%
  
  

• FY25 Net Profit: Rs. 210 crore
  
  

Investor View

Orkla India brings a legacy of strong brand recognition through MTR and Eastern. Its steady growth and FMCG stability make it a low-risk, steady-growth play. However, being an Offer for Sale (OFS) issue, no fresh capital will enter the company, slightly limiting near-term expansion upside.

Easy Apply

Studds Accessories Ltd

About the Company

Studds Accessories Ltd., based in Faridabad, Haryana, is India’s largest manufacturer of two-wheeler helmets and motorcycle accessories. With a global presence across 40+ countries, Studds has positioned itself as a trusted safety brand among riders.

IPO Highlights

• Dates: Oct 30 – Nov 3, 2025
  
  

• Price Band: Rs. 557 – Rs. 585 per share
  
  

• Issue Size: Rs. 455 crore
  
  

• Lot Size: 25 shares
  
  

• Minimum Investment: Rs. 13,925
  
  

Key Metrics

• FY25 Revenue: Rs. 680 crore
  
  

• PAT Margin: ~10%
  
  

• FY25 Net Profit: Rs. 68 crore
  
  

Investor View

Studds benefits from strong domestic demand and an expanding export base. It’s a niche market leader with consistent financials. However, being a 100% OFS, investors should focus on valuation and post-listing performance rather than near-term growth triggers.

Easy Apply

Billionbrains Garage Ventures Ltd (Groww) — Upcoming IPO

About the Company

Groww is one of India’s fastest-growing fintech and investment platforms, offering online stockbroking, mutual fund investments, and ETFs. The company has revolutionised retail investing through a simple, mobile-first interface and transparent pricing.

IPO Highlights

• Dates: Nov 4 – Nov 7, 2025
  
  

• Price Band: Rs. 95 – Rs. 100
  
  

• Issue Size: Rs. 6,632.30 crore
  
  

• Lot Size: 150 shares
  
  

• Minimum Investment: Rs. 14,250
  
  

Key Metrics

• FY25 Revenue: Rs. 1,498 crore
  
  

• PAT Margin: ~12%
  
  

• FY25 Net Profit: Rs. 180 crore
  
  

Investor View

Groww’s IPO is one to watch — it combines profitability with scale in India’s booming fintech space. The brand enjoys high trust among retail investors. Key factors to watch include valuation multiples and regulatory developments before final pricing is announced.

How Investors Should Approach Each IPO

1. Don’t Get Swayed by Brand Names
   Familiar brands create buzz, but markets reward earnings — not hype. Evaluate    profitability, leverage, and valuation before subscribing.
   
   

2. Seek Industry Tailwinds
   Sectors such as EVs, fintech, and SaaS have structural growth. Investors with a 2–3-year view can consider selective participation.
   
   

3. Balance Your Allocation
   Diversify across 2–3 IPOs rather than concentrating funds in one issue.
   
   

4. Watch for Overvaluation
   A bullish market often pushes pricing higher. Avoid IPOs that appear stretched relative to earnings prospects.
   
   

Market Context — Why Q4 2025 Looks Promising

Liquidity Support: Monthly SIP inflows above Rs. 23,000 crore ensure ample domestic participation.

Global Stability: Cooling inflation and steady rates are bringing foreign flows back to India.

Sector Rotation: Investors are moving beyond IT and BFSI into consumer, fintech, and EV themes — mirroring this IPO pipeline.

Policy Environment: Budget expectations for FY26 include tax reforms and manufacturing incentives, lifting market sentiment.

FAQ

1. How can I apply for Lenskart IPO?
You can apply directly through your Enrich Money trading account.
Just log in, go to the IPO section, select Lenskart Limited, enter the lot size, and submit your bid.Apply for the Lenskart IPO via Enrich Money

 

2. Can I pre-apply for an IPO before it officially opens?
Yes. Enrich Money allows pre-application two days before the IPO opens for the public. This helps investors avoid last-minute UPI or bank delays.

 

3. What is the minimum investment amount for IPOs?
The minimum amount depends on the lot size and price band. You can check this on the Enrich Money IPO dashboard once bidding opens.

 

4. Where can I track my IPO status and allotment results?
First, log into ORCA and go to the IPO section.
Then, open the “My IPO” tab to view your current IPO applications, allotment results, and refund status once the issue closes.

Conclusion

The ongoing IPO wave of late 2025 marks an exciting phase for India’s equity markets — where trusted consumer names and new-age disruptors are coming together on Dalal Street.

From Lenskart’s tech-driven retail model and Orkla India’s FMCG legacy, to Studds Accessories’ leadership in automotive safety gear, each IPO reflects a different strength of India’s evolving economy.

Meanwhile, Groww’s upcoming fintech debut promises to be one of the most closely watched listings of the year, symbolising the growing maturity of India’s digital investing ecosystem.

However, even in this vibrant IPO season, selectivity matters. Investors should look beyond brand popularity and evaluate financial performance, profitability, and valuation comfort before subscribing.

In short, this IPO phase isn’t just about new listings — it’s about India’s transformation into a broad-based investor economy, where participation and prudence go hand in hand.

Those who invest with insight today could be holding tomorrow’s market leaders.