Meesho, Aequs and Vidya Wires to Debut on Markets Tomorrow; Grey Market Signals Strong Listing Gains
Meesho, Aequs and Vidya Wires debut on December 10 with strong grey-market premiums, signaling positive listing sentiment across all three IPOs.
Meesho, Aequs and Vidya Wires set for December 10 market debut with strong grey-market premiums.
Shares of Meesho, Aequs and Vidya Wires are set to list on the stock exchanges on December 10, with all three companies witnessing healthy investor interest ahead of their debut. According to grey market data from Investorgain, the IPOs are currently commanding premiums of up to 35 percent.
Meesho’s IPO, backed by SoftBank, has been among the most closely tracked issues of the year. The ₹5,421-crore public offering was subscribed 79.02 times on the final day. Priced at ₹105–111 per share, the issue values the e-commerce firm at ₹50,096 crore at the upper band. The company intends to deploy the funds toward cloud infrastructure, marketing, brand building, potential acquisitions and other strategic initiatives.
Aequs Ltd, a contract manufacturer specialising in consumer durables and aerospace components, saw even stronger demand. Its IPO was subscribed 101.63 times, with a price band of ₹118–124, valuing the company at over ₹8,300 crore. Proceeds from the issue will support loan repayments for the firm and its subsidiaries, machinery purchases, and future expansion plans including potential acquisitions.
Vidya Wires, which priced its issue at ₹48–52 per share, received 26.59 times subscription. The company aims to utilise the capital for new projects in subsidiary ALCU, debt repayment and general corporate requirements.
Grey Market Premium (GMP) Trends
Meesho: ~35%
Aequs: ~27%
Vidya Wires: ~8%
The steady grey market premiums indicate expectations of a firm listing for all three companies on debut day. However, market experts advise investors to monitor broader market sentiment and company fundamentals before making listing-day decisions.
