It is an action-packed week for the primary market as three mainboard IPOs are set to open tomorrow — Meesho IPO, Vidya Wires IPO, and Aequs IPO. All three share sales will open on December 3 and close on December 5.
Meesho IPO is a combination of fresh issue of 38.29 crore shares aggregating to ₹4,250 crore and offer for sale (OFS) of 10.55 crore shares aggregating to ₹1,171.20 crore.
Meanwhile, Vidya Wires IPO is a mix of fresh issue of 5.27 crore shares aggregating to ₹274 crore and OFS of 0.50 crore shares aggregating to ₹26.01 crore.
Aequs looks to raise ₹922 crore via public offer, which is a combination of fresh issue of 5.40 crore shares aggregating to ₹670 crore and OFS of 2.03 crore shares aggregating to ₹251.81 crore.
Meesho IPO vs Vidya Wires IPO vs Aequs IPO: Here’s what GMP indicates ahead of subscription
Ahead of the subscription period, Meesho IPO and Aequs IPO are witnessing strong grey buzz, while sentiment for Vidya Wires IPO in the grey market appears to be weakening.
The shares of Meesho IPO are currently trading at a premium of ₹48, suggesting a likely listing price at ₹159 — a premium of 43%.
At the same time, shares of Vidya Wires IPO and Aequs IPO are trading at premia of ₹6 and ₹44.5, respectively.
As per Investorgain, Vidya Wires’ IPO GMP indicates a listing price of about ₹58 — a premium of 11.5%. Meanwhile, Aequs IPO GMP signals a possibility of listing at a 35.89% premium at ₹168.5.
Meesho IPO vs Vidya Wires IPO vs Aequs IPO: Here’s what experts say
Prasenjit Paul, Equity Research Analyst at Paul Asset & Fund Manager of 129 Wealth Fund, believes that the investment in the upcoming IPOs depends on whether you are seeking immediate listing gains or long-term investment.
“If your primary goal is to earn listing gains, then we suggest Meesho, being a high-growth ecommerce company with huge growth headroom in India’s massive Tier 2 & 3 cities and beyond. Although it has turned profitable recently, the sustainability of its profits and its high valuation are key monitorables,” Paul said.
Paul further said that Aequs has a presence in the high-potential aerospace and consumer manufacturing sectors and is riding on the “Made in India” theme, but it is a loss-making entity. Thus, he believes, it is suited for long-term investors with a higher risk profile.
On Vidya Wires IPO, the analyst said that the company is engaged in manufacturing copper and aluminium wires and may not generate high listing gains compared to Meesho and Aequs.
On the other hand, Prashanth Tapse, Research Analyst at Mehta Equities Ltd, said that for growth-oriented investors who are willing to take a measured level of risk for potentially higher long-term returns, Meesho’s offering appears more attractive given its strong scale advantages, meaningful growth potential in under-penetrated mass-market e-commerce, and improving cash-flow trajectory.
“If the company continues to execute well on its expansion and profitability roadmap, it stands to benefit from the structural rise in India’s value-driven online retail segment. On the other hand, investors who prefer value-driven opportunities, export-led manufacturing exposure, and a more conservative risk profile may find Aequs Ltd better aligned with their objectives,” Tapse said.
Tapse believes that Aequs offers compelling long-term investment potential as it provides niche exposure to India’s “Make in India, Make for the World” manufacturing theme, particularly within the high-value aerospace and precision engineering segments.
“Aequs looks like a differentiated and strategically positioned business, well-suited for investors seeking long-term exposure to high-barrier, export-driven manufacturing growth,” Tapse added.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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