IPO GMP Today Live Updates: In an increased activity in the primary markets, three mainboard IPOs – Meesho Ltd, Aequs Ltd, and Vidya Wires Ltd – opened today, Wednesday, December 3. The initial public offerings will remain open for public subscription till 5 pm on Friday.
Aequs IPO: Key Dates, GMP, Structure, Listing
The initial public offering of Aequs Ltd, a contract manufacturing firm specialising in consumer durable goods and aerospace parts, has been opened for public bidding today. The price band of the Rs 921.81-crore IPO has been fixed in the range of Rs 118 to Rs 124. According to market observers, the grey market premium (GMP) rose to Rs 46.5 (or 37.5% premium) over the upper IPO price, indicating potential for a strong listing gain.
The IPO comprises a fresh issue of shares worth Rs 670 crore, along with an Offer For Sale (OFS) of 2.03 crore shares valued at Rs 252 crore by promoters and existing investors, taking the total issue size to Rs 922 crore. It will make a market debut on December 10 on both BSE and NSE.
Vidya Wires IPO: Key Dates, GMP, Structure, Listing
The initial public offering of Vidya Wires Ltd, a wire manufacturing company, opened for public subscription today. The Rs 300.01-crore book-built IPO has a price band of Rs 48 to Rs 52 per share. The issue comprises a fresh issue of 5.27 crore shares worth Rs 274 crore and an Offer For Sale (OFS) of 0.50 crore shares amounting to Rs 26.01 crore, taking the total size to Rs 300 crore.
According to market observers, the grey market premium (GMP) rose to Rs 6 (or 11.54% premium) over the upper IPO price, indicating moderate listing for the company.
The IPO will remain open from December 3 to 5, with allotment expected on December 8 and listing tentatively scheduled for December 10 on the BSE and NSE.
Meesho IPO: Key Dates, GMP, Structure, Listing
The initial public offering of Meesho Ltd, an e-commerce platform focused on social commerce and value-driven online retail, opened for public subscription today. The Rs 5,421.20-crore book-built IPO has a price band of Rs 105 to Rs 111 per share. The issue comprises a fresh issue of 38.29 crore shares worth Rs 4,250 crore and an Offer For Sale (OFS) of 10.55 crore shares amounting to Rs 1,171.20 crore, taking the total issue size to Rs 5,421.20 crore.
According to market observers, the grey market premium (GMP) rose to Rs 46 (or 41.44% premium) over the upper IPO price, indicating strong listing for the company.
The IPO opened on December 3 and will close on December 5. Allotment is expected on December 8, with a tentative listing date of December 10 on the BSE and NSE.
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