IPO boom continues! December set to be another big month; ICIC Pru, Juniper & more

India's Primary Market Sees Surge with Rs 30,000 Crore IPOs Expected

India's primary market is set for a massive year-end, with December poised to raise nearly Rs 30,000 crore from around 25 IPOs.

Major Listings Leading the Charge

• ICICI Prudential AMC: Rs 10,000 crore
• Meesho: Rs 5,400 crore
• Clean Max Enviro Energy Solutions: Rs 5,200 crore
• Fractal Analytics: Rs 4,900 crore
• Juniper Green Energy: Rs 3,000 crore

Market watchers describe the momentum as evidence of both strong business confidence and a selective yet optimistic investor base.

Mid-Sized IPOs Poised to Raise Capital

• Wakefit Innovations: Rs 1,500 crore
• Innovatiview: Rs 1,500 crore
• Park Medi World: Rs 1,200 crore
• Nephroplus: Rs 1,000 crore
• Aequs: Rs 1,000 crore

Deep Liquidity in Domestic Markets Supports Surge

Systematic investment plan (SIP) contributions of about Rs 30,000 crore every month continue to offer a dependable capital base as foreign flows fluctuate.

Stability in the Market Despite OFS Deals

Despite close to two-thirds of recent IPO funding coming from shareholder exits, the market has remained stable, said Gaurav Sood, managing director and head of equity capital markets at Avendus Capital.

Record Year for India's Primary Markets

Main-board IPO issuances have already crossed last year's milestone of Rs 1.5 lakh crore, and the month has only just begun, according to Neha Agarwal, managing director and head of equity capital markets at JM Financial Institutional Securities Ltd.