| Company | Business / Sector | Size of IPO (approx) | What stands out | Risk / What investors should watch out |
|---|---|---|---|---|
| Meesho | E-commerce / value-commerce (mass-market) | ₹5,421 crore | • Huge user-base & scale; strong demand, high grey-market premium (GMP ~ 38–40%) suggests big listing hope • Believed to have long-term growth potential, especially targeting tier-2/3 markets and value-sensitive consumers | • Still not consistently profitable (losses reported), though free-cash flow is improving • High expectations baked in — any mis-step may lead to volatility |
| Aequs Ltd | Precision aerospace / manufacturing (global aircraft parts) | ₹922 crore | • Plays in aerospace manufacturing (supplying to global aircraft makers) — a niche, high-entry barrier business • Some analysts say it offers better balance of growth + clarity compared to “hyped” tech plays | • Company has had losses for a few years; depends heavily on global demand, long product cycles and cycles in aerospace industry • More suitable for investors comfortable with risk and a long-term horizon |
| Vidya Wires | Manufacturing — copper/conductor wires & related products | ~₹300 crore | • Most “stable” among three: established business, predictable demand, less hype — simpler business model • Lower valuation expectations, which may mean lower downside risk. | • Possibly limited upside — low grey-market premium (~8%), modest listing gains expected • Not very glamorous; slow-growth manufacturing — may not attract investors looking for big returns |
What the Markets & Experts Are Saying (Pre-Listing)
- According to reports, Meesho shows the strongest investor interest going into listing: grey-market premium (GMP) around 38%–40%, suggesting strong expected listing gains.
- Aequs also enjoys decent GMP (~28%), and some analysts believe it may be the most balanced pick among the three — a company with industrial business, global buyers, and long-term potential rather than short-term hype.
- Vidya Wires shows relatively muted GMP (~8%), indicating less listing-day optimism; it’s seen as the most conservative, stable — but unlikely to deliver explosive gains.
- Experts tend to highlight: Meesho if you want potential short-term listing gains + long-term growth, Aequs if you can stomach risk and want a longer-term industrial growth story, and Vidya Wires if you prefer stability and lower volatility.
✅ Which IPO Fits Which Investor Profile
- Looking for listing-day gains or willing to ride volatility? → Meesho — high scale, high interest, possibility of big jump on listing.
- Willing to bet on a long-term industrial / manufacturing growth story (with higher risk tolerance)? → Aequs Ltd — aerospace-linked, potential for good upside if global demand holds.
- Prefer lower risk, steady business, conservative choice? → Vidya Wires — stable, simpler business, reasonable downside risk, but modest upside.
⚠️ What to Watch Out For (Risks Across the Board)
- Grey-market premium (GMP) is not a guarantee — it reflects sentiment, not fundamentals. Once listed, actual demand and performance matters.
- IPO valuations may already include high expectations. If macro environment sours, consumer demand dips or global economy slows (for manufacturing plays), gains may erode quickly.
- For newer or unprofitable companies (like Meesho, Aequs) — profitability, cash flow sustainability, execution (supply chain, costs, demand) will be critical.
