The Indian primary market is buzzing with activity as several high-profile Initial Public Offerings (IPOs) capture investor attention. Among the most watched are the public issues from social commerce giant Meesho, aerospace components manufacturer Aequs Aerospace, and cable maker Vidya Wires and Cables. The grey market premiums (GMP) for these IPOs are being closely monitored as indicators of potential listing gains.
Grey Market Signals for Key IPOs
The unofficial grey market provides early sentiment for upcoming listings. As of the latest updates, Meesho's IPO GMP is reportedly around Rs 150 to Rs 160 per share. This suggests strong investor demand for the SoftBank-backed e-commerce platform, which is planning a massive fundraising exercise. Meanwhile, Aequs Aerospace's IPO GMP is hovering in the range of Rs 70 to Rs 80 above its issue price, reflecting optimism in the aerospace and defence manufacturing sector. For Vidya Wires and Cables, the GMP is observed to be between Rs 25 and Rs 30, indicating a positive but more modest expectation for its market debut.
Critical Dates and Allotment Details
Investors who have applied for these IPOs must track key timelines. The allotment status for the Aequs Aerospace IPO is expected to be finalized around February 17, 2025. Successful applicants will see shares credited to their demat accounts, while refunds will be initiated for others. The listing date for Aequs on both BSE and NSE is tentatively set for February 20, 2025.
For the Vidya Wires and Cables IPO, the basis of allotment is likely to be completed by February 16, 2025. Its shares are scheduled to list on the exchanges on February 19, 2025. The exact dates for Meesho's allotment and listing are yet to be officially announced but are anticipated in the coming weeks, following the closure of its subscription period.
Understanding the IPO Subscription and Process
Each of these IPOs represents a different segment of the growing Indian economy. Meesho's offer is one of the most awaited tech IPOs, aiming to leverage its vast user base in tier 2 and tier 3 cities. Aequs Aerospace taps into the 'Make in India' momentum for defence and aviation, and Vidya Wires represents the industrial and infrastructure sector.
Post-subscription, the registrar processes the applications to ensure a fair allotment. Investors can check their status online using their application number or PAN on the registrar's website or the BSE/NSE portals. The grey market premium (GMP) is an unofficial measure and can fluctuate daily based on demand and supply in the unofficial market, making it a volatile but keenly watched metric.
Important Note: Grey market premiums are based on unofficial, over-the-counter trading and are not endorsed by SEBI or the stock exchanges. They should not be the sole criterion for investment decisions. Investors are advised to rely on the company's red herring prospectus (RHP), fundamentals, and their own risk assessment.
