₹30,000 Crore IPO Wave Set for December 2025: What Investors Should Know

India’s primary market is gearing up for one of its busiest months ever, with nearly ₹30,000 crore worth of IPOs scheduled to open in December 2025. Backed by strong momentum from the past two years, investor appetite for new listings remains robust despite global economic uncertainty.

Data from investment banks and stock exchanges indicates that around 25 companies are set to tap the market this month. The lineup features major names including Meesho, ICICI Prudential Asset Management Company (ICICI Pru AMC), Clean Max Enviro Energy Solutions, Fractal Analytics, Juniper Green Energy, and several mid-sized and SME issuers. Collectively, these IPOs are expected to raise close to ₹30,000 crore.

This surge follows the record-breaking December 2024, when 15 companies raised ₹25,425 crore, the highest December fundraising tally since 1996. That month saw blockbuster issues from Vishal Mega Mart, International Gemological Institute India, One MobiKwik Systems, and DAM Capital Advisors.

According to Ratiraj Tibrewal, CEO of Choice Capital, the strong pipeline underscores continued confidence in Indian markets.
He said: “If Meesho, ICICI Pru AMC and others push this month’s tally beyond last year’s record, it shows that investor demand and corporate confidence remain firm despite global headwinds.”

Top IPOs Opening This Month

The most anticipated listing is Meesho, which opened on December 3 with a ₹5,421 crore issue, gaining immediate traction thanks to its strong presence in India’s high-growth value e-commerce market.

Other active issues include:

• Aequs – ₹921 crore (fresh issue + OFS)

• Vidya Wires – ₹300 crore

All three IPOs were fully subscribed on Day 1 and close on December 5, with listings scheduled for December 10.

What Should Investors Watch Out For?

Analysts caution that while demand for IPOs remains strong, valuation discipline is crucial. This is because average listing gains have fallen sharply—from 30% in 2023 and 2024 to 9% in 2025.

Dr V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, says that investor expectations must be realistic.
“Many high-priced IPOs have slipped below issue price. The key determinant now is valuation. There is strong appetite for fairly priced IPOs, but the market is no longer rewarding excessive pricing.”

Given the crowded IPO calendar, experts advise retail investors to evaluate:

• Profitability vs. losses

• Proportion of OFS (indicates promoter/VC exit)

• Anchor investor participation

• Debt levels and cash flow

• Long-term earnings visibility

A busy IPO market does not imply reduced demand, analysts say; instead, it signals a market rich with opportunities across risk categories and themes. However, selectivity and due diligence will be essential for investors seeking sustainable gains.

(Disclaimer: The views expressed are those of market experts and do not represent the opinions of AIS. Investors should consult a qualified advisor before making decisions.)