This exceptional pipeline not only reflected issuer confidence, but also highlighted investors’ willingness to capture trading day gains or back companies with strong long-term growth potential.Additionally, companies across the spectrum – large, medium and small – are gearing up to embark on the IPO journey in the coming weeks.
Experts attribute this momentum to rising retail participation and resilient domestic inflows, which have been instrumental in sustaining the fundraising surge.
So far this year, 96 companies have made their debut on the stock exchanges, raising Rs 1.6 lakh crore. More than 40 of these listings have occurred in the last three months alone, highlighting the increased activity in the primary market. In comparison, 91 public offerings have collectively mobilized Rs 1.6 lakh crore in 2024, supported by resilient retail participation, strong private capital investment and a booming economy. With several IPOs planned for December, total fundraising could touch Rs 2 lakh crore by 2025, setting a new record for the Indian economy. primary markets, says Thomas Stephen, Head – Preferred, Anand Rathi Share and Stock Brokers.
“This is notable given global volatility and a muted secondary market. Strong domestic liquidity has supported high valuations, and mutual funds, previously cautious about pre-IPO deals, are now significantly increasing their allocations,” Stephen added.
According to him, India’s robust consumption story, aided by GST and income tax rationalization, has prompted many consumer-facing companies to consider listing on stock exchanges.
Echoing this sentiment, Shantanu Awasthi, co-founder and CEO of Mavenark, noted that companies that were previously hesitant to tap the public markets are now realizing that sustainable growth will require a substantial capital infusion.
The fundraising wave is expected to help companies finance expansion, capital expenditures, debt service and other corporate purposes.
Among the key players in the upcoming IPO, ICICI Prudential AMC is looking to raise Rs 10,000 crore in the second half of December, investment bankers said.
As per the draft red herring prospectus (DRHP), the issue will consist entirely of an offer for sale (OFS) of equity shares of Rs 1.76 crore by UK promoter Prudential Corporation Holdings.
Meanwhile, SoftBank-backed Meesho plans to raise Rs 5,421 crore through an issue opening on December 3. The IPO includes a fresh issue worth Rs 4,250 crore and an OFS of 10.55 crore shares worth Rs 1,171 crore in the upper band. At the same time, Precision component maker Aequs’ Rs 922 crore public offering and Vidya Wires’ Rs 300 crore public offering would be available for subscriptions.
Other sizable offerings slated for December included Clean Max Enviro Energy Solutions (Rs 5,200 crore), Fractal Analytics (Rs 4,900 crore) and Juniper Green Energy (Rs 3,000 crore).
Also preparing for the market between December and January are: Manipal Payment, Kanodia Cement, Corona Remedies, Milky Mist, Amagi Media Labs, Nephrocare Health Services, Veeda Clinical, LCC Projects, Waterways Leisure, KSH International, Skyways Air Services, Ardee Engineering, PNGS Reva Diamond and CIEL HR Services.
Collectively, these companies are expected to raise Rs 40,000 crore, the investment bankers said.
Among the top entries on this year’s mainboard, Tata Capital led the way with Rs 15,512 crore, followed by LG Electronics (Rs 11,607 crore), Lenskart Solutions (Rs 7,278 crore) and Billionbrains Garage Ventures, the parent of Groww, which raised Rs 6,632 crore.
Mavenark’s Awasthi advised investors to consider the valuations and underlying business stories before investing
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