Three mainboard initial public offerings (IPOs) of Meesho, Aequs, and Vidya Wires are set to hit Dalal Street tomorrow, looking to collectively raise ₹6,642 crore by listing their shares on the domestic bourses. Ahead of the opening of the IPOs, the grey market premium (GMP) is heating up in the unlisted market, with Meesho and Aequs commanding strong investor interest, while Vidya Wires has also managed to garner a steady premium.

Meesho IPO’s latest GMP stands at ₹45 as of December 2, according to data available on multiple websites that track grey market trends. Based on the upper end of the price band of ₹111, the e-commerce firm’s estimated listing price is pegged at around ₹156, a 40.54% premium over the issue price.

In a similar trend, the Aequs IPO GMP climbed to ₹44.5 today, indicating a potential listing at around ₹168.5 per share. At the upper end of the price band of ₹124 per share, the stock is expected to debut at a premium of 35.89%.

On the other hand, the Vidya Wires IPO saw moderate grey market movement, with a last reported GMP of ₹5 as of today. Against its price band of ₹52, the implied listing price is ₹57, translating into a potential gain of 9.62%.

It is notable that grey market trends are unofficial and highly volatile; prices may change significantly based on market conditions and should not be considered reliable indicators of actual listing performance.

While Flipkart-rival Meesho aims to raise ₹5,421 crore, Vidya Wires and precision component manufacturer Aequs target ₹300 crore and ₹921.81 crore, respectively. All three IPOs are a combination of a fresh equity issue and an offer for sale by existing shareholders.

Meesho has set the price band at ₹105–₹111 per equity share, aiming to raise ₹5,421 crore at a market valuation of ₹50,096 crore at the upper end of the range. The IPO of the Bengaluru-based company comprises a fresh issue of equity shares worth ₹4,250 crore and an offer for sale (OFS) of 10.55 crore shares worth ₹1,171 crore.

Karnataka-based Aequs, which has a strong presence in the aerospace segment, aims to raise ₹670 crore via fresh equity issuance and another ₹251.81 crore via OFS. The company has fixed the price band at ₹118–₹124 per share. The lot size for retail investors is 120 shares, requiring a minimum investment of ₹14,880 at the upper end of the price band.

The ₹300 crore IPO of Vidya Wires comprises a fresh issue of 5.27 crore equity shares aggregating to ₹274 crore and an OFS of 0.50 crore shares worth ₹26.01 crore. The Gujarat-based copper and aluminium wires manufacturer has fixed the price band at ₹48–₹52 per share. The minimum lot size is 288 shares, requiring retail investors to invest ₹14,976 at the upper end of the band.

All three IPOs will open for subscription on December 3 and close on December 5. Allotments of shares are expected to be finalised on December 8, while the tentative listing date on the BSE and NSE is December 10.

(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)