With the key benchmark indices hitting new highs, large corporates are gearing up to raise about ₹40,000 crore next month through primary issuance of equity shares.
Armed with capital market regulator SEBI’s approval, at least 10 companies are set tap the market in December with all round bullish sentiment.
India’s GDP registered its highest growth in six quarters at 8.2 per cent in the second quarter of FY26 compared to 5.6 per cent logged last year despite US’ steep trade tariff threatening exports across sectors.
Late last week, the bellwether Nifty and Sensex surpassed the previous all-time highs, touched in September 2024, powered by receding concerns on high valuation, expectations of an earnings recovery and a resilient economy supported by favourable fiscal and monetary policies.
JP Morgan expects the Nifty to climb to 30,000 by end of next year, implying an upside of about 15 per cent.
Among large issues, e-commerce platform Meesho plans to raise ₹6,000 crore through its IPO in December. Of the fund generated from IPO, ₹4,250 crore will be through equity issuance while ₹1,750 crore will be offer for sale from existing investors. Meesho operates as the largest social commerce platform in India in terms of user base, boasting 21.3 crore users engaged in buying and selling products.
ICICI Pru Asset Management Company will hit the market with its ₹10,000 crore public offering with UK-based Prudential divesting 10 per cent ownership. The IPO values the AMC at about $11 billion. As of June, its assets under management was ₹9.44 lakh crore. It registered an annual revenue was ₹4,977 crore and net profit of ₹2,650 crore.
Tamil Nadu-based Milky Mist Dairy Food will raise ₹2,035 crore through new share issuance worth ₹1,785 crore and OFS of ₹250 crore. The funds raised will be allocated for settling debts, expanding and upgrading its Perundurai facility, installing retail infrastructure like visi-coolers and freezers and fulfilling other corporate needs.
Other major issues include boAT (₹1,500 crore), Hero FinCorp (₹3,600 crore), Fractal Analytics (₹4000 crore), CleanMax Enviro (₹5,200 crore), Juniper Green Energy (₹3,000 crore), Park Medi World (₹1,260 crore) and Innovatiview India (₹2,000 crore).
Krishna Patwari, Founder and MD, Wealth Wisdom India said the IPO market is buzzing again supported by record highs in the key indices and improved risk appetite among retail investors.
Participation has been particularly strong in offerings where the companies have clear brand visibility and scalable business models, he said.
Though listing-day gains has been mixed across the broader market, well-known names such as boAt and other large corporates may witness meaningful retail participation provided pricing remains reasonable and growth visibility is strong, he said.
Published on November 29, 2025
