IPO market today: Aequs, Meesho and Vidya Wires’ IPOs draw heavy bidding on final day

Market sentiment suggests healthy listing expectations, though the final subscription figures at the end of the day will shape valuation comfort and debut-day performance.
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All three ongoing mainboard IPOs — Aequs, Meesho and Vidya Wires — are witnessing robust investor interest ahead of the closure today.

They were fully subscribed on the very first day, setting a strong tone for the issues right from the start. The momentum carried forward into day two, with steady inflows across investor categories, particularly from retail and non-institutional bidders. As the issues head into their final hours today, the pace of bidding has remained strong. QIB demand varied across offerings.

Market sentiment suggests healthy listing expectations, though the final subscription figures at the end of the day will shape valuation comfort and debut-day performance.

Aequs IPO

Aequs IPO had been subscribed 22.12 times, reflecting a strong appetite for the precision manufacturing and aerospace components firm. As at 12.06 pm, the QIBs subscribed 2.09 times, NIIs stood at 42.18 times, retail investors at 50.95 times, and the employee segment at 22.21 times.

The contract manufacturing firm launched its ₹922-crore IPO on December 3, 2025, at a price of ₹118-12, consisting of a fresh issue of shares worth ₹670 crore and an offer for sale (OFS) of 2.03 crore shares valued at ₹252 crore by promoters and existing investors. Ahead of the IPO, it collected ₹414 crore from anchor investors.

The IPO size tailored to fund capacity enhancement and working capital requirements.

Meesho IPO

Meesho’s highly anticipated offering was subscribed 15.03 times at 12.06 pm, underscoring the market’s confidence in the value-focused e-commerce platform. The subscription breakup showed QIBs at 12.16 times, NIIs at 21.88 times and retail bidders at 13.22 times.

The ₹5,421 crore IPO comprised of a fresh issue of shares worth ₹4,250 crore, and an OFS of 10.55 crore shares valued at ₹1,171 crore at the upper band. It had a price band of ₹105-111 per share. This Softbank-backed firm will use the proceeds for investment in cloud infrastructure, marketing and brand initiatives, as well as funding inorganic growth through acquisitions and other strategic initiatives, and general corporate purposes.

Ahead of the IPO, the company raised ₹2,439.54 crore from anchor investors.

Market observers expect a strong debut, supported by brand visibility, high-growth metrics and subscription trends, though profitability challenges in the value e-commerce segment could influence post-listing sustainability.

Vidya Wires IPO

The IPO of Winding and conductivity products maker Vidya Wires saw equally spirited demand, with overall subscription reaching 14.70 times by 12.06 pm.

QIB interest reached 1.36 times, indicating moderate institutional participation, while demand from non-institutional investors was significantly stronger at 24.20 times. Retail investors also showed robust appetite for the issue, subscribing 18.18 times.

The ₹300-crore IPO comprised of fresh issue of shares worth ₹274 crore and OFS of 50.01 lakh shares valued at ₹26 crore, at a price band of ₹48-52 per share. The company raised ₹90 crore from anchor investors.

The company will use the funds to meet capital expenditure requirements for setting up new projects in subsidiary ALCU, payment of debt, and for general corporate purposes.

With all three IPOs showing solid mid-day subscription numbers, the closing hours will be crucial in shaping final sentiment and setting expectations for market debut. These stocks will likely debut on NSE and BSE on December 10, 2025.

Published on December 5, 2025