Sensex and Nifty recently achieved new record highs twice within a short period as significant activity energizes Dalal Street. The primary market in December is showing robust activity, with 16 companies preparing to launch their public offerings.
Among the upcoming IPOs are Meesho, Wakefit Innovations, Aequs, and Vidya Wires. Additionally, several SME issues are set to follow throughout the month.
The surge in IPO activity coincides with the recent approval granted by the Securities and Exchange Board of India (Sebi) to four more companies, namely ICICI Prudential Asset Management Company Ltd, Annu Projects Ltd, Technocraft Ventures Ltd, and Powerica Ltd, indicating a strong pipeline as the year concludes.
The mainboard IPOs are expected to draw considerable retail interest, featuring renowned consumer and manufacturing brands.
Meesho’s IPO, the largest among the four, amounts to Rs 5,421.20 crore, comprising a fresh issue of Rs 4,250 crore and an offer for sale of Rs 1,171.20 crore. The IPO is scheduled to open on December 3, close on December 5, with allotment anticipated on December 8, and shares set to list on December 10.
Aequs will also launch its IPO on December 3, closing on December 5, with a total issue size of Rs 921.81 crore. The price band is set at Rs 118 to Rs 124, with allotment finalization on December 8 and listing on December 10.
Vidya Wires’ IPO, opening on December 3 and closing on December 5, aims to raise Rs 300.01 crore. The price band for this IPO is Rs 48 to Rs 52, with allotment on December 8 and listing on December 10.
Wakefit Innovations’ IPO will open from December 8 to December 10, with a total issue size of Rs 1,288.89 crore and a price band of Rs 185 to Rs 195 per share. Allotment is slated for December 11, and listing will occur on December 15.
In addition to the mainboard IPOs, 12 SME issues are set to open in December, including Ravelcare, Clear Secured Services, Speb Adhesives, Invicta Diagnostic, and others. The steady flow of SME IPOs is expected to appeal to small investors seeking quick listing gains.
More launches are on the horizon as Sebi has granted final approval to ICICI Prudential AMC, Annu Projects, Technocraft Ventures, and Powerica, indicating a growing momentum in India’s primary market.
With 16 IPOs lined up and more approvals expected, December is poised to be an active period for investors tracking new listings.