Athira Sethu
Kochi, 2 Dec 2025
December will be yet another busy month for the rapidly growing Indian stock market, particularly in the domain of Initial Public Offers. An estimated ₹ 30,000 crores-worth of IPOs are lined up to hit the market this month, making for a strong finish to a record-breaking year for IPOs.
About 25 IPOs are in the pipeline this month, a sharp increase from 10 issues launched in October that mobilised ₹45,188 crore and 9 issues launched in November that raised ₹23,613 crore.
The large IPOs expected this month include ICICI Prudential Asset Management Co at ₹10,000 crore, online retailer Meesho at ₹5,400 crore, renewable energy firm Clean Max Enviro Energy Solutions at ₹5,200 crore, AI company Fractal Analytics at ₹4,900 crore, and Juniper Green Energy at ₹3,000 crore. These firms are yet to comment on media queries, but their IPOs are seen as events of importance.
Experts said the IPO rush is not just about a flood of companies rushing to launch their shares but reflects a strong entrepreneurial spirit and investor interest. According to Neha Agarwal, MD and Head of Equity Capital Markets at JM Financial, investors are being more discerning and choosing businesses with strong management, good governance, and solid business models. She said that these companies are getting rewarded, while others with uncertainty are facing resistance.
Along with these big IPOs, several mid-sized companies are also launching their shares. These include Wakefit Innovations at ₹1,500 crore, edtech company Innovatiview at ₹1,500 crore, healthcare company Park Medi World at ₹1,200 crore, Nephroplus at ₹1,000 crore, and precision manufacturing company Aequs at ₹1,000 crore. While some of these companies, like Meesho and Aequs, have already announced the dates for their IPOs-from December 3 to 5-others are yet to announce their schedule.
According to Gaurav Sood, Managing Director at Avendus Capital, this is not just a year-end rush but a signal that the bull market in India is strong and continuous. He says the market is solidly getting support from both domestic and foreign investors. Monthly SIP inflows, around ₹30,000 crore, continue to bring in a steady stream of domestic demand, while foreign money is more mercurial.
Investment bankers also refer to the fact that much of the recent fundraising through IPOs has come from “offer for sale” transactions, which indicates that large shareholder exits can be absorbed without impacting the overall stock market. Looking ahead, experts remain confident that the strong IPO momentum will flow into 2026. Mainboard equity issuances have already crossed ₹1.5 lakh crore this year, beating records set last year in 2024. And with high investor interest and strong support from the domestic market, the outlook for India’s IPO market remains positive.
