The initial public offerings (IPOs) of Meesho, Aequs, and Vidya Wires opened for subscription today, December 3, 2025, generating significant interest in the primary market. Here's a comprehensive overview of each IPO, including subscription status, grey market premium (GMP), and other key details.
Meesho IPO
The Meesho IPO, which opened today, aims to raise ₹5,421.20 crore. The IPO includes a fresh issue of shares worth ₹4,250 crore and an offer for sale (OFS) of 10.55 crore shares, valued at ₹1,171.20 crore at the upper price band. The price band for the IPO is set at ₹105 to ₹111 per equity share.
As of 11:09:42 AM on December 3, 2025, the IPO has been subscribed 0.33 times. The retail category has been subscribed 1.21 times, while the NII category has been subscribed 0.39 times. The QIB portion is yet to see any subscription.
The grey market premium (GMP) for Meesho IPO is ₹49 today, indicating a potential listing price of ₹160, which is a 44.14% premium over the issue price.
The IPO will remain open for subscription until December 5, 2025, and the shares are expected to be listed on December 10, 2025.
Aequs IPO
Aequs, a precision manufacturing company, is aiming to raise ₹921.81 crore through its IPO. The IPO includes a fresh issue of 5.4 crore shares, amounting to ₹670 crore, and an offer for sale (OFS) of 2.03 crore shares, aggregating to ₹251.81 crore. The price band for the IPO has been set at ₹118 to ₹124 per share.
As of 10:14:40 AM on December 3, 2025, the IPO has been subscribed 0.18 times. The retail category has been subscribed 0.68 times, the NII category 0.21 times, and the QIB portion is at 0.00 times.
The grey market premium (GMP) for Aequs IPO is ₹46.5, suggesting a listing price of ₹170.5 per share, which is a 37.50% premium over the upper price band.
The IPO will be open for subscription until December 5, 2025, and the shares are expected to be listed on December 10, 2025.
Vidya Wires IPO
Vidya Wires, a key player in the winding and conductive products industry, is looking to raise ₹300.01 crore through its IPO. The IPO comprises a fresh issue of ₹274 crore and an offer for sale (OFS) of 50.01 lakh shares, estimated at ₹26 crore. The price band is fixed at ₹48 to ₹52 per share.
The retail quota is 35%, QIB is 50% and NII is 15%. Retail investors must apply for at least 288 shares, translating to a minimum investment of around ₹14,976 at the upper price.
The grey market premium (GMP) for Vidya Wires IPO is ₹6, indicating that the unlisted shares were trading at ₹58 per share, which is an 11.54% premium over the upper end of the issue price.
The IPO opened today and closes on December 5, with allotment expected on December 8 and listing on December 10.
Market Sentiment and Analyst Views
The IPOs are launching amidst positive market sentiment, with analysts closely monitoring the subscription levels and grey market premium to gauge investor interest. For Meesho, analysts suggest a 'subscribe' tag for long-term investment, highlighting its unique market position and positive cash flow.
Important Dates and Information
- IPO Dates: December 3-5, 2025
- Allotment Date (Tentative): December 8, 2025
- Listing Date (Tentative): December 10, 2025
Disclaimer: Grey Market Premium (GMP) is not regulated by stock exchanges or SEBI. It is an unofficial indication of the possible listing price and should not be the sole basis for investment decisions.
