IPO watch: Three issues – Meesho, Aequs Limited & Vidya Wires – to hit the market this week; What investors should know
NEW DELHI: Investor sentiment in the unlisted market appears optimistic as three mainboard IPOs – Meesho, Aequs Limited and Vidya Wires prepare to open for subscription between December 3 and December 5.All three issues are currently trading at notable premiums in the grey market, indicating expectations of healthy listing-day activity, according to IPO tracking platforms.
Meesho is commanding a grey market premium (GMP) of Rs 39–40, Aequs is quoting at Rs 41–43, while Vidya Wires is trading around Rs 9–10.
These price trends suggest indicative listing gains of roughly 17–35% over their respective upper price bands, according to a report by ET.
Market watchers attribute the upbeat sentiment to strong business visibility, anchor investor participation and growth prospects across the three companies.
Meesho IPO
SoftBank-backed e-commerce platform Meesho will launch its Rs 5,421-crore IPO with a price band of Rs 105–111 per share.
The public offer consists of a fresh issue of Rs 4,250 crore and an offer-for-sale (OFS) of 10.55 crore shares by existing investors including Elevation Capital V Ltd, Vidit Aatrey, Sanjeev Kumar, Peak XV Partners and Venture Highway.The subscription window is scheduled from December 3 to December 5, with listing likely on December 10.Analysts said that the company has strengthened its foothold in India’s value-focused online retail market through scale and improving unit economics.
Aequs Limited IPO
Belagavi-based Aequs Limited, which manufactures aerospace and consumer products is set to raise Rs 921.81 crore through its IPO in a price range of Rs 118–124 per share.
The offer includes a fresh issue of Rs 670 crore and an Offer for Sale (OFS) of Rs 251.81 crore.Retail investors can apply for a minimum of 120 shares, amounting to Rs 14,880 at the upper price band.
Employees will receive a Rs 11 discount per share under the reserved quota.Aequs’ GMP has risen to Rs 41–43, indicating a possible listing premium of about 33%, signalling robust appetite among prospective investors.
Vidya Wires IPO
Vidya Wires, a Gujarat-based manufacturer of winding and conductivity products, aims to raise Rs 300 crore with its IPO.
The company is also opening its subscription window on December 3.
The price band is set at Rs 48–52 per share, comprising a fresh issue of Rs 274 crore and an OFS of Rs 26 crore by promoter shareholders.The IPO is also seeing steady demand in the grey market, where the premium is around Rs 9–10.
This indicates a possible listing gain of more than 17% if current trends continue.Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own.
These opinions do not represent the views of The Times of India
