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Record Month Expected as Meesho, ICICI Prudential, Fractal Lead Fundraising
India’s capital markets will see major activity in December. Seven companies plan to launch IPOs next month and raise about ₹31,000 crore. December could be the biggest IPO month India has ever seen.
The timing shows companies believe now is the right moment to go public.
Meesho Leads E-commerce IPO Push
E-commerce platform Meesho is raising ₹6,000 crore. Of this, ₹4,250 crore is new money from the IPO and ₹1,750 crore comes from existing owners selling their stakes.
Meesho runs the biggest social commerce platform in India by user numbers. It has 21.3 crore users buying and selling goods. Last year, ₹8,679 crore in transactions happened on the platform. The company connects buyers and sellers across smaller towns and villages.
The IPO will test if investors believe in social commerce growth in India.
ICICI Prudential AMC Largest Mutual Fund IPO
ICICI Prudential AMC wants to raise ₹10,000 crore. Right now, the company manages ₹9.14 lakh crore in mutual funds.
ICICI Prudential holds one-seventh of all mutual fund money in India. Over 20 million Indians have money invested with them. The company manages investments for individuals and large institutions.
The IPO shows that India’s wealth management business is growing fast.
Clean Max Renewable Energy IPO
Clean Max Enviro Energy Solutions is raising ₹5,200 crore. The company builds and operates solar power systems for large factories and companies.
Clean Max already works with major Indian corporations. The company sells solar power and other renewable energy sources. As Indian companies face higher pollution fines, they turn to companies like Clean Max.
The IPO reflects India’s move toward cleaner energy sources.
Fractal Analytics AI-Focused Technology IPO
Fractal Analytics is raising ₹5,000 crore. Unlike many IPO candidates, Fractal already makes money. The company earned ₹2,765 crore last year with ₹220 crore in net profit.
Fractal works with India’s biggest companies, helping them use AI and data better. The company is not gambling on future technology. It’s already selling to real clients.
The IPO comes because every Indian company wants AI expertise now.
Milky Mist Dairy IPO
Dairy company Milky Mist is raising ₹2,035 crore. This is the largest amount any dairy company has raised in an IPO in India.
Milky Mist operates factories across India and sells milk products everywhere. The company has built a recognizable brand over many years. As Indians earn more money, they buy better quality milk and milk products.
The IPO reflects growing milk consumption in Indian households.
Hero FinCorp Financing IPO
Hero FinCorp is raising ₹3,668 crore. The company lends money to everyday Indians and small business owners.
Hero FinCorp has lending offices in many states across India. The company lends for motorcycles, cars, and small business needs. Most banks won’t lend to these customers. Hero FinCorp does.
The IPO reflects growing credit demand across India.
What These IPOs Mean
December will be busy. Investors will have many choices. Some IPOs are stable and boring. Some are risky and exciting. Each company offers something different.
After December, more IPOs are planned. Reliance Jio is coming. The NSE itself plans to go public. Other big tech and finance companies will also list. 2025 will end as India’s best year for IPO fundraising.
Before You Invest
Read the prospectus before applying. The prospectus tells you everything about the company. How much money does it make? How fast is it growing? Who are its competitors? What are the risks?
Check the company’s financial statements. Look at profits, not just sales. Profitable companies are safer than companies that lose money.
Compare each company to similar public companies. If Meesho’s valuation looks too high compared to other e-commerce companies, think twice.
Don’t invest money you need for bills or emergencies.
What Comes Next
December’s IPO activity shows confidence in India’s economy. Companies across different sectors want to go public. That means they believe business will keep growing.
Investors have seven good companies to choose from. Each one operates in a different industry. That gives investors real options.
December will be an important month for India’s stock market.
