Kolkata: Three major IPOs which recently conducted their allocations are set to enter the market this morning. Which of them will get the highest listing gains, is a common curiosity among investors. many of them could have bid for all three. Going by GMP Meesho is leading with 38%, while Aequs is showing balanced enthusiasm at 28%. Vidya Wires is at only 8% GMP, which indicates limited listing momentum.
Meesho IPO
Meesho’s IPO has been the most talked about of the three issues. There was widespread investor interest in this Rs 5,421 crore issue. In FY25, Meesho witnessed 23.42 crore annual transacting users and 1.834 billion orders, demonstrating its strong foothold in India’s e-commerce ecosystem.
The company’s revenue was Rs 9,901 crore in FY25, though it incurred a loss of Rs 3,942 crore. However, there are divided opinions on the sustainability on the company’s turnaround. The brand value, scale, and high-growth narrative have massively boosted interest in this issue and that it why Meesho is receiving the highest GMP support for its listing.
Aequs IPO
Aequs is a company focussed on high-precision aerospace manufacturing. While the Rs 922-crore issue may be small in size, its positioning, skill base and order book make it attractive to investors. The company makes structural, landing, cargo, and actuation parts to global aircraft programs and has already produced over 5,000 components by September 2025clients include Boeing and Airbus.
The business is capital-intensive. Aequs will using the IPO proceeds to reduce its debt by Rs 433 crore. The reduced debt will increase the company’s profits over the next 12 to 24 months. Broker reports are also bullish about Aequs. Many analysts believe that this IPO will perform well on listing day. Its GMP of 28% reflects this optimism.
Vidya Wires IPO
Vidya Wires’ IPO presents the most traditional and stable business model on this list. SBI Securities recommended investment in it. This Rs 300 crore issue is based on copper conductor manufacturing and supplies to renowned brands like ABB, Siemens and Crompton. In FY25, the company recorded revenue of Rs 1,491.45 crore and a PAT of Rs 40.87 crore and its ROE was about 25%.
The company’s expansion plans could boost profits, but the stock doesn’t appear prepared for a strong performance on its initial listing. The 8% GMP indicates cautious market sentiment. One view is that Vidya Wires may underperform the other two IPOs.
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