Large Trade Deal: Meesho, Aequs, Vidya Wires IPOs Enter Final Bidding Day as GMPs Surge on Strong Demand

The IPO market witnessed strong action on Friday as Meesho, Aequs, and Vidya Wires entered the final day of bidding with all three public issues receiving robust subscription across investor categories. Alongside strong bidding demand, the Grey Market Premiums (GMPs) for these IPOs also inched higher in the unregulated market, signalling heightened investor enthusiasm, according to Investorgain.

These three IPOs—Meesho, Aequs, and Vidya Wires—are scheduled to be listed on NSE and BSE on December 10, while the IPO allotment is likely to be finalised on December 8.

GMPs Rise as Investor Appetite Stays Strong

All three IPOs showed rising premiums in the grey market. The GMPs, compared to their respective price bands, reflected optimistic sentiment among investors. The available details are as follows:

The data indicates that Meesho commands the strongest premium, suggesting high demand and positive expectations.

Meesho IPO: Strong Subscription Momentum Continues

The SoftBank-backed Meesho IPO continued its strong performance on the second day of bidding on Thursday. Its IPO was subscribed 7.97 times by the end of the second day.

According to NSE data, the Meesho issue received bids for 221.60 crore shares against 27.79 crore shares on offer—a clear indicator of investor confidence.

Here is a detailed breakdown of the category-wise subscription:

• Non-institutional investors (NII): 9.18 times

• Retail investors (RII): 9.14 times

• Qualified institutional buyers (QIB): 6.96 times

On the first day of bidding (Wednesday), Meesho had seen a 2.35 times subscription, showcasing rapid momentum from the start.

Before opening for public subscription, Meesho also raised a little over ₹2,439 crore from anchor investors on Tuesday. Its ₹5,421-crore IPO, priced at ₹105–111 per share, closes today (Friday).

Also Read: RBI Cuts Repo Rate to 5.25%; Announces ₹1 Lakh Crore OMO & $5 Billion USD/INR Swap

Aequs and Vidya Wires Also Witness Healthy Demand

While specific subscription figures for Aequs and Vidya Wires have not been mentioned, both IPOs are reportedly witnessing strong interest from investors, supported by their rising GMPs.

The increasing grey market premiums for all three IPOs suggest that demand remains consistent and momentum is building as the bidding window draws to a close.

All Eyes on December 10 Listing

With the bidding ending today and allotments set to be finalised on December 8, investor focus will soon shift to the December 10 market debut of all three IPOs.

Given the strong subscription numbers and rising GMPs, the listing performance of Meesho, Aequs, and Vidya Wires will be closely watched by the market.

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