IPO buzz: Rs 40,000 crore set to be raised by firms from upcoming listings; led by ICICI Prudential AMC, Meesho
The upcoming slate also features prominent companies such as AI-focused Fractal Analytics, home and sleep solutions brand Wakefit Innovations, technology-driven security firm Innovatiview India, and hospital chain Park Medi World.
This strong pipeline reflects both the confidence of the issuers and investors’ eagerness to capture early gains or back businesses with long-term growth prospects, reported ET.Firms across all market capitalisations—large, mid, and small caps—are gearing up to enter the IPO route in the coming weeks.
Analysts attribute the surge to growing retail participation and steady domestic inflows, which have helped maintain fundraising momentum.This year alone, 96 companies have debuted on stock exchanges, raising a total of Rs 1.6 lakh crore.
Over 40 of these listings were completed in the last three months, underscoring the heightened activity in the primary market.
In comparison, 91 IPOs collectively mobilised Rs 1.6 lakh crore in 2024, aided by healthy retail participation, strong private capital expenditure, and a buoyant economic environment.Thomas Stephen, Head – Preferred at Anand Rathi Share and Stock Brokers, said, “With several IPOs scheduled for December, the total fundraising in 2025 could touch Rs 2 lakh crore, setting a new record for India’s primary markets.
This is remarkable given the global volatility and a muted secondary market.
Strong domestic liquidity has supported high valuations, and mutual funds, earlier cautious on pre-IPO deals, are now meaningfully increasing allocations.”Stephen also noted that India’s strong consumption story, bolstered by GST and income-tax rationalisation, has encouraged many consumer-oriented businesses to consider public listings.
Supporting this view, Shantanu Awasthi, Co-founder & CEO of Mavenark, said, “Companies previously hesitant about tapping the public markets now recognise that sustained growth will require substantial capital infusion.”The funds raised through these IPOs are expected to help companies expand operations, invest in capital projects, repay debt, and meet other corporate objectives.
ICICI Prudential AMC plans to raise Rs 10,000 crore in the second half of December through an offer for sale (OFS) of 1.76 crore shares by its UK-based promoter Prudential Corporation Holdings.SoftBank-backed Meesho is targeting Rs 5,421 crore through an IPO opening for public from December 3, comprising a fresh issue of Rs 4,250 crore and an OFS of 10.55 crore shares valued at Rs 1,171 crore.
Other significant upcoming offerings include Aequs (Rs 922 crore), Vidya Wires (Rs 300 crore), Clean Max Enviro Energy Solutions (Rs 5,200 crore), Fractal Analytics (Rs 4,900 crore), and Juniper Green Energy (Rs 3,000 crore).Additional firms preparing to enter the market between December and January include Manipal Payment, Kanodia Cement, Corona Remedies, Milky Mist, Amagi Media Labs, Nephrocare Health Services, Veeda Clinical, LCC Projects, Waterways Leisure, KSH International, Skyways Air Services, Ardee Engineering, PNGS Reva Diamond, and CIEL HR Services.
Combined, these companies are expected to raise Rs 40,000 crore, merchant bankers said, as reported by ET.Among major main-board listings this year, Tata Capital led with Rs 15,512 crore, followed by LG Electronics (Rs 11,607 crore), Lenskart Solutions (Rs 7,278 crore), and Billionbrains Garage Ventures, the parent of Groww, which raised Rs 6,632 crore.Mavenark’s Awasthi advised investors to exercise caution, saying, “Investors should remain mindful of valuations and the underlying business narratives before investing.”
