All three issues are commanding a notable grey market premium (GMP), which market watchers interpret as an early signal of possible listing-day enthusiasm. According to IPO tracking platforms, Meesho is commanding a GMP of Rs 39–40, Aequs is quoting at Rs 41–43, and Vidya Wires is hovering around Rs 9–10. These translate to indicative listing gains of approximately 17–35% over their respective upper price bands.
Among them, Meesho and Aequs appear to be leading the GMP charts, with premiums exceeding 30% ahead of their issue opening. The strong demand in the unlisted market has been driven by multiple factors, including business model visibility, anchor investor interest, and robust growth expectations.
Meanwhile, Vidya Wires is also attracting attention with a double-digit GMP, despite being the smallest issue in size. Here’s a detailed look at all three upcoming IPOs.
Here are the details of these upcoming IPOs:
Meesho IPO
SoftBank-backed e-commerce platform Meesho is set to launch its Rs 5,421-crore IPO with a price band of Rs 105–111 per share. The issue comprises a fresh equity component of Rs 4,250 crore and an offer-for-sale (OFS) of 10.55 crore shares by existing shareholders, including Elevation Capital V Ltd, Vidit Aatrey, Sanjeev Kumar, Peak XV Partners, and Venture Highway.
The issue will open on December 3 and close on December 5, with the listing expected on December 10.
Grey market activity suggests strong investor interest, with the stock quoting at a GMP of Rs 39–40, implying a potential listing price of around Rs 150–151, a premium of a little over 35%.
Analysts have noted that Meesho has established a solid, defensible position in India’s value-driven e-commerce segment, backed by user engagement, scale, and improving unit economics.
According to Perumal Raja K.J., Equity Research – Associate Director, FundsIndia: “With a 31% GMP and improving fundamentals, the company offers a medium-term growth opportunity for investors comfortable with early-stage platform risk.”
Aequs Ltd IPO
Belagavi-based aerospace and consumer manufacturing firm Aequs Limited is coming out with a Rs 921.81-crore IPO in the price band of Rs 118–124 per share. The offer includes a fresh issue of 5.40 crore shares aggregating Rs 670 crore and an OFS of 2.03 crore shares worth Rs 251.81 crore.
At the upper band, the issue size totals Rs 921.81 crore. Retail investors can bid for a minimum of 120 shares, which translates into an investment of Rs 14,880 at the upper end.
As of the latest update, the grey market premium for Aequs has surged to Rs 41–43, up from 20% earlier, indicating potential listing around Rs 165–167, a premium of about 33%. The rising enthusiasm signals strong investor appetite ahead of the opening.
Employees participating in the reserved quota will also receive a discount of Rs 11 per share, reducing their effective cost.
Vidya Wires IPO
Vidya Wires, a Gujarat-based manufacturer of winding and conductivity products, is opening its Rs 300-crore IPO alongside Meesho and Aequs. The issue is priced between Rs 48 and 52 per share and includes a fresh equity issue of Rs 274 crore and an OFS of Rs 26 crore by promoter shareholders Shyamsundar Rathi and Shailesh Rathi, who will offload 50.01 lakh shares.
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The grey market premium for Vidya Wires is currently in the range of Rs 9–10, implying an estimated listing price of Rs 61–62 per share, and a potential upside of over 17% from the upper price band.
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