Meesho, Aequs & Vidya Wires IPOs Enter Final Bidding Day With Soaring GMP & Heavy Subscription
As India’s primary markets close another hectic week, three major IPOs — Meesho IPO, Aequs IPO and Vidya Wires IPO — are drawing extraordinary investor attention. On the final bidding day, all three issues have witnessed strong oversubscription and a jump in IPO GMP (Grey Market Premium), signalling an upbeat sentiment across the unlisted market.
Meesho IPO GMP Climbs, Subscription Stays Strong
Backed by SoftBank, Meesho IPO GMP touched nearly 45%, reflecting the strong interest in the e-commerce company’s public issue. The IPO was subscribed 7.97 times by the end of the second bidding day, with significant participation from retail, QIB and NII categories.
Market trackers say that Meesho IPO GMP today indicates an estimated listing price near ₹160–₹165, considerably higher than its upper band of ₹111. Analysts attribute the demand to Meesho’s strong growth in Tier-2 and Tier-3 markets, a zero-commission model and improving financial metrics.
Aequs IPO GMP Gains Momentum
The Aequs IPO, priced at ₹118–₹124, has recorded one of the highest subscription levels among the three. With oversubscription standing at 11.10 times, the manufacturing firm seems on track for a healthy listing.
The grey market is quoting Aequs IPO GMP at around 33%, suggesting a potential premium on listing day. Investors are particularly encouraged by its manufacturing capabilities, anchor book strength and diversified global clientele.
Vidya Wires IPO Continues to Draw Retail Interest
The Vidya Wires IPO, a relatively smaller issue, has also gained significant retail traction. With 8.26× subscription, the wire manufacturer’s issue is witnessing optimism from small investors as well as NIIs.
The Vidya Wires IPO GMP, hovering around 11%, shows moderate but stable demand within grey markets. Analysts say the company’s scale, niche product line and competitive pricing strategy work in its favour.
GMP Trend Signals Broad-Based Market Confidence
Market experts point out that the rise in live IPO GMP across all three issues demonstrates the overall positive mood among investors. Despite global uncertainties, India’s IPO pipeline remains strong, backed by liquidity, domestic participation and the ongoing rally in capital markets.
Grey market operators say the uptrend in IPO GMP today stems from strong anchor investor participation and improving fundamentals in consumer-tech and manufacturing companies.
Key Dates & Listing Outlook
All three issues — Meesho, Aequs and Vidya Wires IPO — are scheduled to be listed on NSE and BSE on December 10, while allotments are expected to be finalised on December 8. If GMP trends sustain, analysts expect solid listing gains across categories.
