IPO Alert: Meesho, boAt, Fractal Lead ₹40K Cr December Rush

Approximately 10 firms are queued up. Here’s the latest field report on the big names, including newly confirmed dates and price details:

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1. Meesho (E-commerce/Social Commerce)

• • Status: Confirmed, Subscription opens December 3, 2025.

  • Issue Size: ₹5,421.20 crore (at upper price band).

  • Price Band: ₹105 to ₹111 per share.

  • The Thing Is: This is India’s largest social commerce platform. The ₹4,250 crore Fresh Issue will fund key growth areas: scaling cloud infrastructure (₹1,390 crore), boosting marketing/branding (₹1,020 crore), and investing in AI/ML teams (₹480 crore). Investors like Peak XV and Elevation Capital are partially exiting via the Offer for Sale (OFS).

2. ICICI Prudential Asset Management Co.

• Status: SEBI-approved, Expected Second Week of December.

• Issue Size: Estimated ₹10,000 crore (approx 1.2 billion).

• Structure: Entirely an Offer for Sale (OFS).

• The Kicker: UK-based Prudential Plc is divesting a 10% ownership stake. This is a pure-play opportunity driven by the booming mutual fund AUM growth in India. The listing is tentatively expected around December 19.

3. Fractal Analytics (AI & Data Science)

• Status: SEBI-approved, Likely December Launch.

• Issue Size: Approximately ₹4,900 crore.

• Structure: ₹1,279 crore Fresh Issue + ₹3,621 crore OFS.

• The Goal: Funds will be deployed for debt repayment in its US subsidiary and to boost research in Generative AI. This is poised to be one of the first major AI-focused listings.

4. Hero FinCorp (Financial Services)

• Status: SEBI-approved, Dates Not Yet Finalised.

• Issue Size: ₹3,668 crore.

• Structure: ₹2,100 crore Fresh Issue + ₹1,568 crore OFS.

• Let’s Be Real: The price band is still not officially set, but market talk suggests it could be around ₹428+ per share. The Fresh Issue portion will mainly augment the company’s Tier-I capital base for future lending.

5. Imagine Marketing (boAt)

• Status: SEBI-approved, Launch Timing Subject to Market Conditions.

• Issue Size: Approximately ₹1,500 to ₹2,000 crore.

• Key Detail: This is a combination of Fresh Issue (₹500 crore) and a larger OFS (₹1,000 crore), with the fresh capital mainly earmarked for debt repayment, R&D, and working capital.

Other Notable Pipeline Issues

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