December is kicking off with a robust line-up of mainboard offerings. Three mainboard IPOs are all set to open tomorrow, Wednesday, 03 December 2025.?
These include e-commerce player Meesho, aerospace/precision-manufacturing firm Aequs, and wire manufacturer Vidya Wires. Collectively, they aim to raise around ?6,643.02 crore through a mix of fresh issue and offer for sale (OFS).
Meesho IPO Details
- Issue Structure: The IPO is a book-building issue of ?5,421.20 crore, consisting of a fresh issue of ?4,250 crore and an offer for sale (OFS) of ?1,171.20 crore.
- Price Band:? The price band is set between ?105 and ?111 apiece.
- Minimum Investment Requirement
- For retail investors: ?14,985
- For sNII: ?2,09,790
- For bNII: ?10,03,995
- Allotment & Listing: The basis of allotment will be finalised by December 8, 2025, and the tentative listing on NSE and BSE is December 10, 2025
- Book-running lead managers: Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, and Citigroup Global Markets India Private Limited
- Registrar: KFin Technologies Limited?
- Use of Proceeds: The net proceeds from the fresh issue will be used towards the following objectives:
- Invest in cloud infrastructure for the subsidiary, Meesho Technologies Private Limited, and fund marketing and brand initiatives.
- Payment of salaries of existing and replacement hires for the machine learning, AI and technology teams undertaken by Meesho Technologies Private Limited.
- Funding inorganic growth through acquisitions and other strategic initiatives
- General corporate purposes
Aequs IPO Details
- Issue Structure: Aequs IPO is a book-building issue of ?921.81 crore, consisting of a fresh issue of ?670 crore and an offer for sale (OFS) of ?251.81 crore.
- Price Band:? ?118 to ?124 per share
- Minimum Investment Requirement
- For retail investors: ?14,880
- For sNII: ?2,08,320
- For bNII: ?10,11,840
- Allotment & Listing: The basis of allotment will be finalised by December 8, 2025, and the tentative listing on NSE and BSE is December 10, 2025
- Book-running lead managers: JM Financial Limited, IIFL Capital Services Limited, Kotak Mahindra Capital Company Limited
- Registrar: KFin Technologies Limited?
- Use of Proceeds: The net proceeds from the fresh issue will be used to?
- Repay/prepay outstanding borrowings availed by Aequs and its subsidiaries, including AeroStructures Manufacturing, Aequs Consumer Products and Aequs Engineered Plastics?
- Fund capital expenditure towards the purchase of machinery and equipment by Aequs and its subsidiary, AeroStructures Manufacturing.?
- Funding inorganic growth through unidentified acquisitions
- Other strategic initiatives?
- General corporate purposes
Vidya Wires IPO Details
- Issue Structure: The IPO is a book-building issue of ?300 crore, consisting of a fresh issue of ?274 crore and an offer for sale (OFS) of ?26.01 crore.
- Price Band: ?48 to ?52 per share
- Minimum Investment Requirement
- For retail investors: ?14,976
- For sNII: ?2,09,664
- For bNII: ?10,03,392
- Allotment & Listing: The basis of allotment will be finalised by December 8, 2025, and the tentative listing on NSE and BSE is December 10, 2025
- Book-running lead managers: Pantomath Capital Advisors Private Limited and IDBI Capital Markets & Securities Limited
- Registrar: MUFG Intime India Private Limited
- Use of Proceeds: The net proceeds from the fresh issue will be used to?
- Repay/prepay outstanding borrowings availed by the company?
- Fund capital expenditure towards setting up a new project in the subsidiary, viz. ALCU?
- General corporate purposes
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