Upcoming IPOs: Meesho, Aequs Limited, and Vidya Wires Set to Launch This Week
Investor sentiment in India’s unlisted market is showing a positive trend as three major initial public offerings (IPOs) prepare to open for subscription from December 3 to December 5. The companies—Meesho, Aequs Limited, and Vidya Wires—are currently trading at significant premiums in the grey market, suggesting strong expectations for their listing-day performance. Analysts attribute this optimism to robust business prospects, participation from anchor investors, and the overall growth potential of these firms.
Meesho IPO Details
Meesho, a SoftBank-backed e-commerce platform, is set to launch its IPO valued at ₹5,421 crore, with a price band ranging from ₹105 to ₹111 per share. The offering includes a fresh issue of ₹4,250 crore and an offer-for-sale (OFS) of 10.55 crore shares from existing investors, including Elevation Capital V Ltd, Vidit Aatrey, Sanjeev Kumar, Peak XV Partners, and Venture Highway. The subscription period is scheduled from December 3 to December 5, with the listing expected on December 10. Analysts note that Meesho has solidified its position in India’s value-focused online retail market, showcasing improved unit economics and scale, which could attract substantial investor interest.
Aequs Limited IPO Overview
Aequs Limited, based in Belagavi, specializes in manufacturing aerospace and consumer products. The company aims to raise ₹921.81 crore through its IPO, which has a price range set between ₹118 and ₹124 per share. This offering consists of a fresh issue of ₹670 crore and an OFS of ₹251.81 crore. Retail investors can apply for a minimum of 120 shares, costing ₹14,880 at the upper price band. Additionally, employees will benefit from a discount of ₹11 per share under a reserved quota. The grey market premium for Aequs has surged to ₹41–43, indicating a potential listing gain of approximately 33%, reflecting strong demand from prospective investors.
Vidya Wires IPO Insights
Vidya Wires, a manufacturer of winding and conductivity products located in Gujarat, is looking to raise ₹300 crore through its IPO, which also opens for subscription on December 3. The price band for this offering is set between ₹48 and ₹52 per share, comprising a fresh issue of ₹274 crore and an OFS of ₹26 crore from promoter shareholders. The grey market is currently valuing Vidya Wires at a premium of around ₹9–10, suggesting a possible listing gain of over 17% if current trends persist. The steady demand in the grey market indicates a favorable outlook for the company as it prepares to enter the public market.
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