Meesho IPO: The week’s main highlight
The Rs 5,421 crore IPO of Meesho opens on December 3 and will be the most closely watched issue of the week. The e-commerce marketplace is offering shares in the Rs 105-111 band. With its scale, customer growth and improving operational metrics, Meesho’s listing is expected to draw significant investor interest.
The company operates on a zero-commission model and is India’s largest e-commerce platform by annual transacting users and order volumes. The issue includes both a fresh allotment and a sizeable offer for sale by early backers and founders.
Aequs and Vidya Wires also tap mainboard investors
Two more mainboard IPOs open alongside Meesho next week. Aequs, an aerospace and precision-manufacturing supplier, plans to raise Rs 921.81 crore at a price band of Rs 118-124. Vidya Wires, offering specialty wires used across industrial applications, is aiming to raise Rs 300 crore with a price band of Rs 48–52.
Both issues open on December 3 and close on December 5. Together with Meesho, these three mainboard IPOs account for more than Rs 6,640 crore of the week’s fundraising.
SME IPOs add another Rs 250 crore to the lineup
While the mainboard dominates in size, the SME segment will contribute meaningfully to overall activity. Across the week, nine SME IPOs will be open for subscription, together raising around Rs 252 crore. These include Astron Multigrain (Rs 18.40 crore), Invicta Diagnostic (Rs 28.12 crore), Speb Adhesives (Rs 33.73 crore), Clear Secured Services (Rs 85.60 crore), Ravelcare (Rs 24.10 crore), Helloji Holidays (Rs 10.96 crore), Neochem Bio Solutions (Rs 44.97 crore) and Luxury Time (Rs 18.74 crore).The SME pipeline for the week stands at roughly Rs 250 crore, keeping interest high among small-cap investors looking for niche, early-stage businesses.
With nearly Rs 7,000 crore on the table from both mainboard and SME offerings, next week marks one of the most active windows of the year for IPO watchers. Meesho’s large issue will set the tone, but Aequs and Vidya Wires add depth to the mainboard, while smaller companies across manufacturing, diagnostics, consumer products and software round out the SME roster.
Also read: India’s blockbuster 8.2% Q2 GDP growth beats expectations. But is it enough to lift the markets?Mainboard investors will be focused on subscription trends and anchor interest in Meesho, which is expected to dictate overall sentiment. For the SME segment, market participants will track oversubscription levels and listing premiums, which have cooled in recent weeks.
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