December saw the listing of many prominent companies in India. These include the highly anticipated initial public offerings of ICICI Prudential Asset Management Company and Meesho. Additionally, the IPOs of smaller companies, such as Wakefit Innovations and Aequs, saw significant investor participation.
The buzz surrounding these IPOs was evident in Google Trends throughout the month as their bidding and listing dates approached. Here is a look at the events timeline of these IPOs and their buzz on Google Trends-
ICICI Prudential Asset Management
ICICI Prudential Asset Management IPO was one of the highest searched and trending IPO of December. The company has fixed a price band of Rs 2,061-2,165 per share for the issue, valuing it at approximately Rs 1.07 lakh crore, and it was open for bids from December 12 to December 16. The current market cap of the company is Rs 1.30 lakh crore.
ICICI Prudential Asset Management was listed on December 19. The IPO received bids worth Rs 3 lakh crore, making it the fourth-most-subscribed IPO in India. It saw the highest bids after those of Reliance Power in 2007, LG Electronics India this year, and Bajaj Housing Finance in 2024.
Meesho
E-commerce firm Meesho’s initial public offering opened on December 3 and closed on December 5, with a final subscription at 79.02 times. The company was listed on December 12.
The Shoftbank-backed digital marketplace company floated an offer to raise Rs 5,421 crore and has fixed a price band of Rs 105-111 per share, valuing the company at Rs 50,096 crore ($5.6 billion) at the upper end.
The current market cap of the company is Rs 89.34 thousand crore.
Wakefit Innovation
Mattress maker Wakefit’s invited bid for its Rs 1,289 crore IPO, comprising a fresh issue of equity shares worth up to Rs 377.18 crore and an offer for sale of 4,67,54,405 shares, was on December 8. The IPO closed on December 10.
The company was listed on December 15 with an issue price of Rs 195 per share. On the final day of bidding, the IPO was subscribed to more than twice, receiving bids for 9,16,72,720 shares against 3,63,53,276 shares on offer. The home and furnishings company had collected Rs 580 crore from anchor investors. The current market cap of the company is Rs 6.10 thousand crore.
Aequs
Aequs IPO opened on December 3 and garnered 101.63 times subscription by the closing day on December 5. The company had fixed a price band at Rs 118-124 per share for the Rs 912 crore IPO, which was a mix of fresh issue of shares worth Rs 670 crore, along with an offer for sale of 2.03 crore shares, valuing Aequs at over Rs 8,300 crore. The current market cap of the company is Rs 9.38 thousand crore.
These were among the most searched IPOs in December so far.
