Author: Aditya Pareek | EQMint | Opinion article
India’s IPO pipeline continues to heat up, and December 2025 brings three very different companies to the primary markets — each targeting distinct sectors, growth models, and investor risk appetites.
While Meesho grabs market attention with its explosive growth trajectory in e-commerce, Aequs Ltd. positions itself as a strategic aerospace manufacturing play, and Vidya Wires enters as a stable, industrial manufacturer supporting India’s electrification push.
The three IPOs open in the same early-December window, but their stories could not be more different. And for investors, matching outlook with investment personality is critical.
Meesho IPO: The Hype Rocket of India’s E-Commerce Market
Meesho — one of India’s most recognized online retail platforms — is finally arriving in the IPO lane. Set to open around December 3, 2025, the company is aiming to raise approximately ₹5,421 crore via its public issue.
Why the Market Is Buzzing
Grey Market Premium (GMP) expectations have been aggressive — first around 37–38% and now indicating 43–45% potential listing gains. The strong user base, particularly from Tier-2 and Tier-3 regions, has established Meesho as a low-cost distribution engine in “social commerce + mainstream e-commerce.”
Growth Story with Major Upside
- Massive penetration into aspirational middle-income markets
- Low-cost acquisition model through social reselling
- High engagement from metro and non-metro consumers
- Rising adoption among small sellers and entrepreneurs
For investors, this translates into a high-growth, high-reward play.
Risks & Concerns
However, the story does not come without risk:
- Platform monetization remains volatile
- Competition from giants like Amazon, Flipkart, and JioMart
- Unit economics and profitability challenges
- Valuation may reflect future growth rather than current numbers
Analysts categorize Meesho as ideal for:
- Short-term listing gain seekers, and
- Long-term high-risk believers in digital commerce
It is not a preferred pick for extremely conservative or strictly fundamentals-based investors.
Aequs Ltd. IPO: The Strength Play in Aerospace Manufacturing
Aequs Ltd., a precision manufacturing firm operating in aerospace and consumer parts, is also hitting the IPO market at the same time.
Its offering is sized at approximately ₹922–₹923 crore, with a price band in the ₹118–₹124 range.
Positioning in a Strategic Growth Sector
The company’s major strength is its global aerospace footprint — supplying critical components to names like Airbus and Boeing. At a time when the global industry aims to diversify supply chains away from over-concentrated geographies, India becomes a natural relocation magnet.
Why Investors Like Aequs
- Embedded in the “China-plus-one” narrative
- High entry-barrier manufacturing
- Strong industry demand cycles ahead
- Alignment with India’s “Make in India” strategy
But This Is Not a Short-Term Sprint
Aequs is currently loss-making, like many companies in advanced manufacturing phases.
Its potential payoff is long-term, reliant on:
- Scaling operations
- Sustained global demand
- Margin improvement
- Execution quality
GMP expectations of 35–37% listing gains suggest strong market sentiment, but investors should treat it as a strategic, patient capital story.
Vidya Wires IPO: The Stable Winner in India’s Electrification Growth
Vidya Wires Ltd., operating in copper and aluminium winding wires, enters the IPO space with perhaps the least glamour — but potentially the most dependable fundamentals.
Its issue size is significantly smaller than the others, around ₹300 crore, with a price band of ₹48–₹52.
Business Grounded in Tangible, Everyday Demand
Vidya Wires manufactures critical components used in:
- Power equipment
- Electrical grids and utilities
- EV systems
- Railways & infrastructure
- Renewable-energy installations
In other words, while not flashy, the company touches essential electrification infrastructure.
With India rapidly scaling renewable power, industrial electrification, and EV charging networks, Vidya Wires stands to benefit from multiple structural trends.
Listing Expectations
Grey market signals indicate a ~₹6 per share premium, implying a listing around ₹58, representing an ~11–12% upside — lower than Meesho or Aequs, but also with lower downside risk.
Who Should Consider This IPO
- Conservative investors
- Those seeking business longevity
- Investors betting on India’s infrastructure growth
- Low-volatility portfolio builders
Vidya Wires may not deliver huge hype-based returns, but its demand base is steady and recurring.
Which IPO Fits Which Investor?
| Investor Mindset | Best Fit | “Vibe” Summary |
|---|---|---|
| Quick listing gains + high-risk exposure | Meesho | Hype growth rocket |
| Patient capital, 3–5 year strategic play | Aequs | Global manufacturing strength |
| Stability-focused, industrial exposure | Vidya Wires | Conservative, reliable |
A seasoned analyst summarized the trio well: “None are risk-free, but Meesho carries the most valuation risk. Aequs is strategic and transformative but time-consuming. Vidya Wires is boring — but boring can be beautiful in infrastructure-linked businesses.”
Why The IPO Week Matters for India’s Markets
These three IPOs — totally distinct in personality — speak volumes about market maturity:
- From digital commerce to aerospace to electrical infrastructure, investors have genuine sector diversity.
- The “China-plus-one” supply-chain shift supports Aequs.
- India’s electrification, renewables, and EV rollout supports Vidya Wires.
- Consumer digitization and social retail trends back Meesho.
The trio together represents India’s multi-dimensional growth story.
For more such information visit EQMint
Disclaimer: This article is for informational and educational purposes only. It is not investment advice. Investors must read the Red Herring Prospectus, assess their risk profile, and consult qualified advisors before making financial decisions.
