Upcoming IPOs: Meesho, Aequs, and Vidya Wires Set for Launch

Investors in the primary market are anticipating a busy period as three companies prepare to launch their initial public offerings (IPOs) this week. Meesho Ltd., a prominent e-commerce platform, is set to debut its IPO on 3 December 2025. Alongside Meesho, Aequs Ltd., a diversified contract manufacturing firm, and Vidya Wires Ltd., a producer of metal wires, will also launch their IPOs on the same day.

Grey Market Premium Trends

The grey market premium (GMP) for these three forthcoming IPOs has begun to attract attention, with private market investors expressing optimism about potential gains once the shares become available. As of 1 December, the GMP for the Meesho IPO was reported at ₹42 per share. This figure suggests an expected listing price of ₹153, which reflects a premium of approximately 37.84% over the upper end of the issue price band of ₹111.

Meesho aims to raise ₹5,421.2 crore through its IPO, which consists of a fresh issuance of 38.29 crore shares worth ₹4,250 crore, alongside an offer-for-sale (OFS) of 10.55 crore shares valued at ₹1,171.2 crore. The IPO price band is set between ₹105 and ₹111 per share, with a minimum investment of ₹14,985 required for retail investors to apply for a single lot of 135 shares.

The company, backed by SoftBank, has established itself as a significant player in the Indian e-commerce sector, offering competitively priced products similar to those available on platforms like Temu. A portion of the proceeds from the IPO will be directed towards expanding its reach in smaller towns across India, the world's largest consumer market.

Aequs IPO Details

The GMP for the Aequs IPO was reported at ₹43.5 on 1 December, indicating a potential listing price of ₹167.5 per share, which suggests a premium of 35.08% above the upper issue price of ₹124. The Aequs IPO aims to raise ₹921.81 crore, comprising a fresh issuance of 5.4 crore shares amounting to ₹670 crore and an OFS segment of 2.03 crore shares valued at ₹251.81 crore. The price band for this IPO has been set between ₹118 and ₹124 per share, with retail investors needing to bid for at least 120 shares, translating to a minimum investment of ₹14,880.

Vidya Wires IPO Insights

For Vidya Wires, the GMP as of 1 December was ₹10 per share, leading to an estimated listing price of ₹62, which indicates a 19.23% premium relative to the upper issue price of ₹52. This IPO, valued at ₹300 crore, consists of a fresh issue of 5.27 crore shares worth ₹274 crore and an OFS portion of 50 lakh shares valued at ₹26.01 crore. The price band for the Vidya Wires IPO has been established between ₹48 and ₹52 per share, requiring retail investors to apply for a minimum of 288 shares, amounting to an investment of ₹14,976.

Key Dates and Finalisation

All three IPOs will be open for subscription from 3 December to 5 December 2025. The share allotment for these offerings is set to be finalised on 8 December, followed by refunds and the transfer of shares to investors' Demat accounts on 9 December. Furthermore, the shares of Meesho, Aequs, and Vidya Wires are tentatively scheduled to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on 10 December.

It is important to note that the grey market premium does not represent official data and is based primarily on speculation. Investors are advised to consult financial advisors and carefully read the red herring prospectus prior to investing in IPOs, as these investments carry inherent market risks.