Startups/VC
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Updated on 10 Nov 2025, 12:15 am
Reviewed By
Akshat Lakshkar | Whalesbook News Team
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E-commerce marketplace Meesho and artificial intelligence (AI) firm Fractal Analytics are preparing to launch their public market listings between late November and early December. Fractal Analytics plans to initiate its ₹4,900 crore ($560 million) initial public offering (IPO) in the first week of next month, aiming for a listing by mid-December. Meanwhile, Meesho is targeting an $800-850 million issue, comprising an offer-for-sale and a fresh issue, at a valuation of $8-8.2 billion, with plans to list in the last week of November or early next month. These two companies will join a growing list of startups like Groww, Lenskart, and PhysicsWallah seeking to go public this quarter, signalling a very active period for the capital markets.
Pranav Haldea, managing director at Prime Database, noted an "amazing confluence of demand and supply" with active demand from investors, particularly domestic institutions. He highlighted that nearly 60% of IPO volumes historically occur in the last three months of the year, and this year has seen a record number of filings.
Impact This news is highly significant for the Indian stock market. The launch of IPOs by major new-age companies like Meesho and Fractal Analytics is expected to inject substantial capital into the market, create investment opportunities, and potentially boost investor confidence in the technology and e-commerce sectors. It signifies a strong pipeline of growth companies entering the public domain, contributing to market depth and activity. The success of these IPOs could also influence investor appetite for future tech listings. Rating: 7/10
Definitions: * **Initial Public Offering (IPO):** The process by which a private company offers its shares to the public for the first time, becoming a publicly traded company. * **Offer for Sale (OFS):** A component of an IPO where existing shareholders sell a portion of their stake in the company to new investors. The funds from an OFS go to the selling shareholders, not the company. * **Fresh Issue:** A component of an IPO where the company issues new shares to raise capital. The funds from a fresh issue go directly to the company for its business operations and growth. * **Valuation:** The estimated worth of a company, typically determined by its assets, earnings, and market conditions. In an IPO, it's the price at which the company's shares are offered to the public. * **Domestic Institutions:** Financial institutions based within India, such as mutual funds, insurance companies, and pension funds, that invest large sums of money in the stock market. * **PE-VC Investors (Private Equity/Venture Capital Investors):** Investors who provide capital to private companies in exchange for equity. Private equity typically invests in more established companies, while venture capital focuses on startups and early-stage businesses. Their participation often signals a company's growth potential. * **Draft Red Herring Prospectus (DRHP):** A preliminary registration document filed by a company with the stock market regulator (like SEBI in India) before an IPO. It contains detailed information about the company, its financials, risks, and the proposed IPO, but may be subject to changes before the final prospectus.