Three major IPOs are opening in the first week of December in the stock market. Investors can subscribe to Meesho, Vidya Wires, and Aequs from December 3rd. Based on Grey Market Premium, these IPOs are likely to have a b listing.
IPO Update: The primary market witnessed activity in the stock market in November, and this is expected to continue in December. Three mainboard Initial Public Offerings (IPOs) are set to open in the first week. These include Meesho IPO, Vidya Wires IPO, and Aequs IPO.
Experts believe that the market might show signs of fatigue after a b IPO lineup in recent months. However, there are also some positive indicators. Investors can subscribe to these three IPOs this week starting from December 3rd.
Aequs IPO and Grey Market Premium
Aequs IPO's Grey Market Premium (GMP) stood at ₹43.5 on Monday. Considering the upper end of the IPO price band and the GMP, the estimated listing price for Aequs is considered to be ₹167.5 per share. This is 35.08 percent higher than the IPO price band of ₹124.
Aequs engages in contract manufacturing of consumer durables and aerospace parts. The company stated that the IPO price band has been set at ₹118 to ₹124 per share, and the total issue size is ₹922 crore. The IPO will open on December 3rd and close on December 5th, while the allotment for anchor investors will be done on December 2nd.
Meesho IPO and Grey Market Premium
Meesho IPO's GMP stood at ₹42 on Monday. Considering the upper end of the price band and the GMP, the estimated listing price for Meesho is considered to be approximately ₹153 per share. This is 37.84 percent higher than the price band of ₹111.
Grey market trends over the past five sessions indicate that Meesho's GMP has been consistently rising, signaling a b listing. Meesho, a SoftBank-backed e-commerce platform, plans to raise ₹5,421 crore through its IPO. The IPO price band has been set at ₹105-111 per share. At the upper end of the price band, the company's valuation stands at ₹50,096 crore. The IPO will open on December 3rd and close on December 5th, while the allotment for anchor investors will be done on December 2nd.
Vidya Wires IPO and Grey Market Premium
Vidya Wires IPO's GMP is at ₹10 on Monday. Considering the upper end of the price band and the GMP, the estimated listing price for Vidya Wires is considered to be approximately ₹62 per share. This is 19.23 percent higher than the price band of ₹52.
Grey market activities over the past four sessions indicate that Vidya Wires IPO's GMP is trending upwards, signaling a b listing. Vidya Wires, which manufactures winding and conductivity products, has set the IPO price band at ₹48-52 per share. The total issue size is ₹300 crore. The IPO will be open for subscription from December 3rd to December 5th, while the allotment for anchor investors will take place on December 2nd.
