IPO Frenzy Continues: December to see nearly Rs 30,000 crore worth of public issues

Synopsis December promises a surge in India's IPO market, with around 25 public issues worth nearly ₹30,000 crore planned. This follows a record-breaking year. Major companies like ICICI Prudential Asset Management, Meesho, and Clean Max Enviro Energy Solutions are leading the pack. This strong pipeline validates a structural bull market, driven by entrepreneurial energy and investor appetite. Mumbai: December is set to be another busy month for India's red-hot initial public offering (IPO) market, with public issues worth nearly ₹30,000 crore scheduled to hit the street, a fitting crescendo to mark the end of what has already been a record-breaking year. The IPO market is set to accelerate in December with around 25 launches, compared with 10 in October (raising ₹45,188 crore) and nine in November (₹23,613 crore). Leading the pack are five mega issues - ICICI Prudential Asset Management Co (Rs 10,000 crore), ecommerce unicorn Meesho (₹5,400 crore), renewable energy platform Clean Max Enviro Energy Solutions (₹5,200 crore), AI-driven Fractal Analytics (₹4,900 crore) and Juniper Green Energy (₹3,000 crore). The companies didn't respond to queries. These share sales will mark a strong finish to the year, said Neha Agarwal, MD and head of equity capital markets, JM Financial Institutional Securities Ltd. "The IPO rush is driven not by indiscriminate issuance but by a meaningful confluence of entrepreneurial energy and discerning investor appetite," she said. Live Events Structural Liquidity Comfort "What's encouraging is the quality-first filtration investors are applying - strong management, governance and credible business models are being rewarded, while anything with uncertainty rightly faces pushback." A strong mid-cap pipeline follows, including Wakefit Innovations (₹1,500 crore), edtech-turned-exams player Innovatiview (₹1,500 crore), healthcare player Park Medi World (₹1,200 crore), Nephroplus (₹1,000 crore) and precision manufacturing company Aequs (₹1,000 crore), among others. Companies such as Meesho and Aequs have already announced IPO dates - December 3-5 - while others are yet to announce their timetable. This is validation of a structural bull market, said Gaurav Sood, managing director and head of equity capital markets at Avendus Capital. "We believe this is not just a year-end rush but the culmination of a record year for India's primary markets," he said. Investment bankers said the street is getting comfort from the structural liquidity underpinning this supply of issuances. Systematic investment plan (SIP) inflows trending at around ₹30,000 crore a month continue to provide steady local demand as global flows remain choppy, while domestic institutional investor (DII) participation has been consistently strong over the past two years. OFS transactions Nearly two-thirds of recent IPO fundraising has come via offer for sale (OFS) led transactions, demonstrating that the market has repeatedly absorbed large shareholder exits without destabilising secondary market liquidity, Sood said. "When you combine this domestic flow strength with the proven ability to execute large and diverse deals across sectors, it's clear why the market is comfortable running a heavy December calendar and why promoter confidence, filing volumes and broader IPO momentum are likely to stay elevated into 2026," he said. Main-board equity issuances this year have already surpassed 2024's ₹1.5 lakh crore, Agarwal said. (You can now subscribe to our ETMarkets WhatsApp channel) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price ...moreless How a Sebi report reopened Indiabulls-YES Bank saga that was fading Ever wondered why cos' financials look good before IPO, but not after? From near collapse to INR50k cr value: The journey of MCX AI is forcing a rethink. Can Indian IT finally build a serious corporate VC muscle? Stock Radar: 20% rally in 1 month! BHEL breaks above falling trendline resistance to hot fresh 52-week high Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus 1 2 3