This week is set to be busy on the IPO front.
Three major IPOs are opening on December 3, 2025, aiming to raise a total of around Rs 6,000 crore.
The companies are very different:
Meesho – a popular ecommerce platform
Aequs – a global aerospace supplier
Vidya Wires – a maker of electrical components for power and mobility
With all three attracting attention in the grey market, here’s a simple guide for investors to understand what each IPO offers.
Grey Market Trends
In the grey market, shares are trading at a premium:
Meesho: Around Rs 153, nearly 38% above its upper price band of Rs 111
Aequs: About Rs 167, roughly 35% above the top band
Vidya Wires: Premium of Rs 10, implying an estimated listed price of Rs 62, 19% above the upper band of Rs 52
Remember, GMP (Grey Market Premium) is not the official listing price and can fluctuate based on market sentiment.
IPO Size, Structure, and Fund Utilisation
Meesho aims to raise Rs 5,421 crore, mostly through a fresh issue of Rs 4,250 crore.
Funds will strengthen its balance sheet, expand operations, and improve marketing efficiency.
Early investors are selling fewer shares than planned.
Aequs plans to raise Rs 921.81 crore (fresh issue of Rs 670 crore).
Proceeds will go into loan repayment, new machinery, and investments in subsidiaries.
Vidya Wires is the smallest, raising Rs 300 crore, with Rs 274 crore going directly into the company.
Funds will be used to set up a new ALCO unit and repay debt.
Stakeholders Selling Shares
Meesho: Some early investors, including Elevation Capital, Peak XV Partners, and even founders, are selling a small portion, but founders still retain significant stakes.
Aequs: OFS is happening through Melligeri Private Family Foundation, Amicus Capital, and other investors.
Vidya Wires: OFS is minimal at Rs 26 crore, indicating limited selling by existing shareholders.
Business Fundamentals and Listing Timelines
The companies operate in very different sectors:
Meesho: Large online marketplace relying on seller growth and logistics efficiency
Aequs: Manufacturing high-precision aerospace and consumer components
Vidya Wires: Produces copper, aluminium, and enamelled conductors used in motors, transformers, solar equipment, and railways
Listing dates:
Meesho: December 10
Aequs: December 12
Vidya Wires: December 10
All three IPOs close on December 5, giving investors a short window to decide.
