Meesho IPO vs Vidya Wires IPO vs Aequs IPO: What GMP signals about upcoming IPOs

The intense primary market activity witnessed in November is likely to continue into December as three mainboard initial public offerings (IPOs) are scheduled to open on Wednesday, December 3.

While analysts caution that the fatigue factor might set in the market following a robust IPO pipeline over the last few months, there are some positive signs. However, the overall level of optimism is not particularly strong. Meesho IPO, Vidya Wires IPO, and Aequs IPO are the three offers set to open for subscription this week.

Let's take a look at the grey market premium (GMP) trends and details:

Meesho IPO GMP today

Meesho IPO GMP today stands at ₹42. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Meesho is indicated at ₹153 apiece, which is 37.84% higher than the IPO price of ₹111.

Considering the grey market activities from the last five sessions, Meesho IPO GMP today is trending upwards, indicating a robust listing. The lowest GMP for Messho is ₹33, whereas the maximum GMP is ₹42, as per experts.

Meesho, an e-commerce platform supported by SoftBank, aims to raise ₹5,421 crore through its upcoming initial public offering, which is scheduled to open for subscription on December 3.

The company has set a share price range of ₹105-111, which places Meesho's valuation at ₹50,096 crore (USD 5.6 billion) at the upper end of the price scale. In the announcement made on Friday, Meesho stated that the public offering will close on December 5, with allocations for anchor investors to take place on December 2.

Vidya Wires IPO GMP today

Vidya Wires IPO GMP today stands at ₹10. Considering the upper end of the IPO price band and the current grey market premium, the estimated listing price of Vidya Wires is ₹62 apiece, which is 19.23% above the IPO price of ₹52.

Considering the grey market activity over the last four sessions, today's IPO GMP shows an upward trend and suggests a solid listing. Experts indicate that the lowest GMP stands at ₹8 while the highest is ₹10.

Winding and conductivity products producer Vidya Wires has set a price range of ₹48-52 per share for its upcoming ₹300-crore initial public offering. If the price reaches the upper limit, the company's valuation will surpass ₹1,100 crore.

The initial public offering will be open for subscription from December 3 to December 5, with allocations for anchor investors planned for December 2.

Aequs IPO GMP today

Aequs IPO GMP today stands at ₹43.5. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Aequs is indicated at ₹167.5 apiece, which is 35.08% higher than the IPO price of ₹124.

Aequs, a contract manufacturing firm specialising in consumer durable goods and aerospace components, revealed on Friday a price range of ₹118-124 per share for its forthcoming initial share sale valued at ₹922 crore.

At the maximum price, the company's valuation is above ₹8,300 crore. The share offering is set to open for subscriptions on December 3 and will close on December 5, with allocations for anchor investors scheduled for December 2, as per Aequs's public announcement.

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