The initial public offerings (IPOs) of Aequs, Vidya Wires, and Meesho experienced significant interest from investors on Thursday, with all three offerings oversubscribed ahead of their conclusion on Friday.
Retail and non-institutional investors (NIIs) were the primary contributors to the heightened demand, while qualified institutional buyers (QIBs) also participated steadily.
Vidya Wires IPO: Broad-Based Participation Elevates Subscription
Vidya Wires reported an impressive subscription rate of 8.26 times on the second day of bidding. Retail investors notably led the charge, bidding 11.45 times their allocated share. NIIs followed with a robust subscription of 10 times. However, QIBs were less active, achieving a subscription level of only 1.30 times.
The copper and aluminium winding wire manufacturer is seeking to raise funds for capacity expansion and working capital. The IPO will remain open for public bidding until tomorrow.
Aequs IPO: Strong Retail Momentum Fuels Demand
Aequs recorded the highest level of retail interest among the three IPOs, with an overall subscription of 11.10 times. The retail segment surged to 32.92 times, while NIIs subscribed at 16.82 times. In contrast, QIB participation was modest at 0.73 times. The employee quota also saw substantial engagement, achieving a subscription rate of 15.18 times.
The aerospace components manufacturer’s IPO, which opened yesterday, includes both fresh issuance and an offer for sale. The offering will close tomorrow, with a listing anticipated for next week. Positive market sentiment has been backed by Aequs’ specialized manufacturing base and expanding portfolio of global clients.
Meesho IPO: Strong Interest Across Categories
Meesho’s IPO maintained steady momentum, achieving an overall subscription of 7.97 times. QIBs expressed strong confidence, bidding 6.96 times their reserved portion. The NII and retail segments also showed robust performance, with subscription levels at 9.18 times and 9.14 times, respectively.
As one of India’s largest social commerce and e-commerce platforms, Meesho plans to utilize the proceeds for technology enhancements and to strengthen its logistics and seller ecosystem. The IPO, attracting considerable attention due to the company’s scale and growth prospects, is set to close tomorrow.
Published on December 4, 2025.
