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Three IPOs Launch Dec 3 Amid Strong Market Buzz
1 Dec
Summary
- Three major IPOs, Meesho, Vidya Wires, and Aequs, launch December 3.
- All three IPOs currently show positive grey market premiums.
- Meesho aims to raise ₹5,421 crore, Vidya Wires ₹300 crore, Aequs ₹922 crore.
The primary market is poised for continued activity as December commences, with three mainboard IPOs scheduled to open on Wednesday, December 3. These include prominent companies such as Meesho, Vidya Wires, and Aequs, all of which are set to launch their initial public offerings.
Indications from the grey market are currently positive, with all three IPOs exhibiting upward trends in their premiums. This suggests a strong potential for successful listings, building on the momentum from a busy November IPO season. Experts note the grey market premium (GMP) is trending upwards.
Aequs, a contract manufacturing firm, plans to raise ₹922 crore with a share price range of ₹118-124. Vidya Wires, a producer of winding and conductivity products, is looking to raise ₹300 crore, setting its share price between ₹48-52. E-commerce platform Meesho, backed by SoftBank, aims for the largest offering at ₹5,421 crore, with shares priced between ₹105-111.
