December IPO rush: Meesho, ICICI Prudential, Fractal Analytics, 10 others to raise ₹30,000 cr
ADVERTISEMENT
The strong momentum in India’s primary market is set to continue in December, with 13 confirmed companies slated to launch their IPOs. A slate of marquee names and fast-growing consumer-tech players, including Meesho, Clean Max Enviro Energy Solutions, Fractal Analytics, and ICICI Prudential Asset Management Co., are lining up public issues worth around ₹30,000 crore.
So far in 2025, 93 mainboard companies have debuted on the domestic bourses, raising more than ₹1.54 lakh crore, the highest mobilisation for this period in any calendar year. October led the charts with fundraising of ₹45,188 crore, followed by ₹23,572 crore in November. The surge was driven by big-ticket listings such as Tata Capital, LG Electronics, Lenskart, and Billionbrains Garage Ventures (Groww), which together accounted for over 40% of the total capital garnered in the past two months.
Here’s all you need to know about upcoming IPOs:
In the first week of December, three mainboard IPOs — Meesho, Aequs, and Vidya Wires — are set to hit the market, looking to collectively garner ₹6,642 crore. While Flipkart-rival Meesho aims to raise ₹5,421 crore, Vidya Wires and precision component manufacturer Aequs target ₹300 crore and ₹921.81 crore, respectively.
November 2025
The annual Fortune India special issue of India’s Best CEOs celebrates leaders who have transformed their businesses while navigating an uncertain environment, leading from the front.
All three IPOs will open for subscription on December 3 and close on December 5. Allotments of shares are expected to be finalised on December 8, while the tentative listing date on the BSE and NSE is December 10.
Among the notable industrial and renewable players, Clean Max Enviro Energy Solutions is expected to raise ₹5,200 crore, while Juniper Green Energy is planning a ₹3,000-crore issue. Hero Fincorp, the NBFC arm of the Hero Group, is slated to raise approximately ₹3,358 crore, underscoring renewed investor appetite for financial services plays.
The December pipeline also features upcoming issues from Milky Mist Dairy Food (₹2,035 crore), Innovatiview (₹2,000 crore), Park Medi World (₹1,260 crore), Wakefit Innovations (₹1,400 crore), Corona Remedies (₹800 crore), Skyways Air Services (₹600 crore), AceVector (₹500 crore) and Vidya Wires (₹300 crore).
288 firms seeking to raise ₹4 lakh crore file DRHPs in a year
Abhinav Tiwari, Research Analyst at Bonanza, said the IPO market in 2025 has remained exceptionally strong despite weakness in the secondary market. “What’s even more striking is the surge in filings — nearly 288 companies have submitted draft papers in the past year, aiming to raise over ₹4 lakh crore. This clearly reflects strong confidence in India’s long-term growth story,” he said.
On a year-to-date basis, the equity benchmark Sensex has risen more than 9%, while the NSE Nifty has gained over 10%, with both indices hitting record highs of 86,056 and 26,310, respectively, on November 27, 2025.
Tiwari further said that the primary market is doing well mainly because domestic institutional investors, especially mutual funds, continue to invest heavily in IPOs. FPIs may be selling in the secondary market due to global uncertainties, but they are still participating in good quality IPOs for better price discovery and listing gains.
As per the NSDL data, foreign investors have pulled out ₹2.67 lakh crore from the secondary market on year-to-date (YTD) basis, while domestic institutions infused over ₹7 lakh crore, cushioning volatility and driving the market forward.