Meesho, Aequs, Vidya Wires IPOs: Day 3 bids soar, GMPs rise
Meesho, Aequs, Vidya Wires IPOs: Day 3 bids soar, GMPs rise
Three mainboard IPOs close strong as demand stays firm and grey market premiums climb ahead of listing.
Three mainboard IPOs - Meesho, Aequs and Vidya Wires - cumulatively raising more than Rs 6,643 crore, continued to attract a strong response from investors on the final day of the bidding. All three issues, which kicked off for bidding on Wednesday, December 3, were set to close for subscription on Friday, December 5.
Meesho’s IPO stood out in the data released by BSE, with bids booked 20 times as of 1.20 pm on Friday. Retail investors booked 14.75 times the retail quota, non-institutional bidders 27.58 times, and qualified institutional bidders 17.92 times. Meesho is offering shares in a price band of Rs 105-111 with a lot size of 135 shares, aiming to raise about Rs 5,421.20 crore. Market chatter has been buoyant, with grey market premiums hovering around Rs 46-48 per share, suggesting a listing pop in the vicinity of 37-38 percent for investors.
Vidya Wires, a Rs 300-crore IPO, also drew robust demand on its final day, with its GMP moving higher to around Rs 10.6. The firm reported 8.26 times subscriptions, underlining strong retail and non-institutional participation. Analysts say the stock could list near Rs 57.5 per share if current demand sustains, supported by sector tailwinds and attractive valuations.
Aequs, the third in the trio, rounded out a trio of high-interest listings that continued to attract bids as the clock ticked toward closure. While granular day-3 figures for Aequs aren’t highlighted in the latest data, the combined response underscores a buoyant sentiment in the current Indian IPO window.
investors keep an eye on how the final allocations pan out and what the listing day will bring, as GMP trends and oversubscription levels often hint at listing performance. With all three issuances closing today, participants are weighing risk and reward in what remains one of the busier IPO periods in recent memory.
Cover image source: Meesho vs Aequs vs Vidya Wires: Check Day 2 subscription & GMPs of 3 IPOs 🔗
