IPO Rush: December Set to Smash Records with ₹30,000 Crore Pipeline
The Indian primary market is poised for its busiest December ever, with a remarkable pipeline of eight companies expected to launch Initial Public Offerings (IPOs) worth more than ₹30,000 crore. If realized, this figure would significantly surpass the record of ₹25,438 crore raised in December 2024. This year-end rush underscores the resilience of the primary market despite a subdued performance in the secondary market.
The Pack Leaders: High-Value Offerings
The upcoming launches feature a diverse range of companies, including technology, finance, energy, and manufacturing, with several issues exceeding the ₹5,000 crore mark.
Other notable issues include Skyways Air Services (₹600 crore), Corona Remedies (₹800 crore), and Aequs Ltd (₹720 crore).
Market Activity vs. Listing Performance
The primary market has been highly active throughout 2025, with 96 firms raising over ₹1.53 lakh crore so far. However, the listing performance has been distinctly mixed, signaling a more discerning and volatile environment for new issues:
Below Issue Price: 32 IPOs debuted below their issue price, disappointing investors seeking quick returns.
Modest Gains: 31 IPOs posted modest gains of between 1-10 per cent.
Listing Pops: Only four IPOs managed to deliver listing gains exceeding 50 per cent.
The high volume of upcoming offerings suggests that companies and investment banks are betting on market stability and leveraging regulatory approvals before the calendar year concludes.
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