Indian IPO Market Activity Analyzed

Next week, November 24th to 28th, 2025, will see a slowdown in initial public offerings (IPOs) in India. The biggest part of the market, called the ‘mainboard,’ won’t have any new companies starting to sell shares to the public. However, smaller companies, known as ‘SMEs,’ will have several new IPOs available.

Key Points

• Mainboard IPOs paused; only two companies launching next week.
• SME platform offers three new IPOs for investors’ consideration.
• Excelsoft Technologies seeks ₹500 crore through its IPO.
• Sudeep Pharma’s IPO aims to raise ₹895 crore this week.
• Gallard Steel’s SME IPO closes today, seeking ₹37.5 crore.
• Selective opportunities exist; investors should carefully evaluate choices.

Excelsoft Technologies is planning to start selling shares on Wednesday, November 26th, 2025, and they want to raise ₹500 crore. They finished taking applications for their shares recently, and they’ll announce who gets to own them on Monday, November 24th. Investors can look forward to seeing how this goes.

Sudeep Pharma has already started selling its shares this week to raise ₹895 crore. Their IPO will be open until Tuesday, November 25th, and they’ll decide who gets shares on Wednesday, November 26th. It’s important to keep track of these dates.

In the smaller company section, called the ‘SME platform,’ Gallard Steel will list its shares on Wednesday, November 26th, 2025, and is looking to raise ₹37.5 crore. They’ve already completed taking applications for these shares.

There are three other SME IPOs coming up next week: Mother Nutri Foods, K K Silk Mills, and SSMD Agrotech India. K K Silk Mills will start accepting applications on Wednesday, November 26th, while SSMD Agrotech India’s IPO opens on Tuesday, November 25th.

Ultimately, the Indian primary market provides carefully considered opportunities for investors to diversify their portfolios.