It was a hectic November for startups, with four new-age companies — Lenskart, Groww, Pine Labs, and PhysicsWallah, collectively raising around ₹21,300 crore through initial public offerings (IPOs). The momentum is expected to continue in December as three more players — Meesho, Wakefit, and AceVector — prepare to hit Dalal Street, aiming to mobilise nearly ₹7,900 crore.

E-commerce firm Meesho is preparing to launch its ₹6,000-crore public issue in early December, while home-furnishings brand Wakefit looks to garner around ₹1,400 crore. AceVector, the parent company of Snapdeal, Unicommerce, and Stellaro Brands, is expected to raise around ₹500 crore by listing its shares on the domestic bourses.

Here’s all you need to know about the upcoming new-age IPOs:

Meesho IPO

The e-commerce firm is gearing up for one of the biggest internet listings of the year. The Bengaluru-based company aims to raise around ₹6,000 crore through its much-anticipated IPO, comprising a fresh issue of ₹4,250 crore and an offer for sale (OFS) of up to 17.57 crore equity shares. The issue will allow early backers such as Elevation Capital and Peak XV Partners to partially exit.

According to industry sources, Meesho is targeting a listing in the second week of December and expects to mobilise around ₹6,000 crore from investors.

Backed by marquee investors including SoftBank, Prosus, and Elevation Capital, Meesho filed its updated draft red herring prospectus (UDRHP) with the market regulator Sebi last month.

Under the OFS component, existing investors such as Elevation Capital V Limited, Peak XV Partners Investments V, Highway Series 1 (Venture Highway SPVs LLC), Y Combinator Continuity Holdings I LLC, Golden Summit Limited, VH Capital, VH Capital XI, and individual shareholders including Vidit Aatrey, Sanjeev Kumar, and Man Hay Tam will sell part of their stakes.

Meesho plans to deploy the proceeds from the fresh issue to strengthen its cloud infrastructure through subsidiary Meesho Technologies Private Limited, fund salaries for AI, machine learning, and technology teams, and invest in marketing, brand initiatives, and strategic acquisitions. A portion will also be set aside for general corporate purposes.

Wakefit Innovations IPO

The Bengaluru-based home and furnishings company looks to raise around ₹1,400 crore through its IPO, which consists of a fresh issue of ₹468.22 crore and an offer for sale (OFS) of up to 5.84 crore equity shares. Under the OFS, Peak XV Partners, Redwood Trust, Verlinvest, SAI Global India Fund, and Investcorp will be offloading shares in the company.

The D2C startup, which competes with the likes of The Sleep Company, Duroflex, Kurlon, and Sleepwell in the mattress and home décor market, plans to utilise the fresh issue proceeds for setting up 117 new COCO – Regular Stores and one COCO – Jumbo Store, as well as for lease, sub-lease rent, and licence fee payments for existing COCO – Regular Stores. A part of the capital will be used for purchasing new equipment and machinery, marketing and advertising expenses, and the remainder will go towards general corporate purposes.

AceVector IPO

AceVector, the parent company of Snapdeal, which recently received Sebi approval for its IPO, is expected to launch the issue next month. The IPO will include a fresh issue of shares to raise approximately ₹500 crore, which will be used for technological and logistical expansion, working capital needs, general corporate purposes, and potential strategic acquisitions.

The Gurugram-based firm had confidentially filed its draft papers with Sebi for its proposed IPO in July 2025. Founded by Kunal Bahl and Rohit Bansal, AceVector is also the parent of software-as-a-service (SaaS) firm Unicommerce and brand-building company Stellaro Brands. Unicommerce made its stock market debut earlier this year, with its IPO drawing strong investor interest and being oversubscribed by 168.32 times.

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