IPO ahoy! 2025 set for new record with Rs 2-trillion-plus fundraise

Indian Primary Market Surges to Record Fundraising, Nearing Rs 2 Trillion

With 11 more IPOs set to hit the market this week, the primary market has already surpassed the Rs 1.59 trillion raised in 2024 and is on track to reach Rs 2 trillion by the end of 2025.

Key Highlights:

• 96 mainboard issues have been completed, raising Rs 1,52,623 crore.
• Three upcoming IPOs are expected to mop up Rs 6,644 crore.
• Total fund raise has already reached a record of Rs 1,59,867 crore.
• Over a dozen big issues are queued up for the next four weeks.

Upcoming IPOs:

The three upcoming IPOs opening from December 3 are:

• Meesho, backed by SoftBank, raising Rs 5,422 crore.
• Aequs, an aviation-focused precision component maker, raising Rs 922 crore.
• Vidya Wires, raising Rs 300 crore.

Other Companies in Line for Market Debut:

Among the companies in line for market debut are:

• ICICI Purdential Life AMC, launching a Rs 10,000 crore OFS.
• Clean Max Enviro Energy Solutions, planning a Rs 5,200 crore issue.
• Fractal Analytics, raising Rs 4,900 crore.
• Juniper Green Energy, an artificial intelligence firm, raising Rs 3,000 crore.
• Arcil, a private sector ARC, raising Rs 1,500 crore.
• Wakefit Innovations, a home and sleep solutions brand, raising Rs 1,000 crore.
• Innovatiview India, a technology-led security and surveillance firm, raising Rs 2,000 crore.
• Park Medi World, a hospital chain, raising Rs 1,260 crore.
• Manipal Payment, raising Rs 750 crore.
• Kanodia Cement, raising at least Rs 1,490 crore.
• Corona Remedies, raising Rs 800 crore.
• Milky Mist, raising Rs 2030.
• Amagi Media Labs, raising Rs 2,000 crore.
• Nephrocare Health Services, raising Rs 750 crore.
• Veeda Clinical, raising Rs 830 crore.
• Waterways Leisure, raising Rs 727 crore.
• KSH International, raising Rs 745 crore.
• Skyways Air Services, raising Rs 600 crore.
• Ardee Engineering, raising Rs 580 crore.
• Ciel HR Services, raising Rs 355 crore.
• PNGS Reva Diamond, raising an unspecified amount.
• LCC Projects, raising an unspecified amount.

Experts Attribute Momentum to Rising Retail Participation and Resilient Domestic Inflows

Experts have attributed the momentum to rising retail participation and resilient domestic inflows, which have been instrumental in sustaining the fundraising surge.

Record Fundraising in 2025:

So far this year, 96 companies have debuted on the stock exchanges mainboard alone, raising Rs 1.6 lakh crore. More than 40 of these listings occurred in the last three months alone, highlighting the heightened activity in the primary market.