Meesho, Aequs, and Vidya Wires IPOs in 2025. Understand risks, strengths, and which IPO suits your goals.
December 2025 has turned out to be a big month for India’s primary markets.
Three very different companies —
Meesho,
Aequs, and
Vidya Wires — have all
launched their IPOs at the same time.
Since each company comes from a completely different sector (e-commerce,
aerospace manufacturing, and industrial wires), investors naturally want to
know:
Which IPO is better for listing gains?
Which one is safer for the long term?
Which has the best risk-reward balance?
IPO Quick Facts
All three IPOs opened on
3 December 2025 and close
on 5 December 2025.
Tentative listing date:
10 December 2025
Combined fundraising target: Around ₹6,640 crore
IPO Sizes
- Meesho: ~₹5,421 crore
- Aequs:
~₹922 crore
- Vidya Wires: ~₹300 crore
Price Bands
-
Meesho: ₹105–₹111
-
Aequs:
₹118–₹124
-
Vidya Wires: ₹48–₹52
Grey Market Sentiment (Approx.)
-
Meesho:
Strong (40%+ premium)
-
Aequs:
Good (33–37% premium)
-
Vidya Wires:
Mild (12–20% premium)
Quick Comparison: Meesho vs Aequs vs Vidya Wires
| Attribute | Meesho | Aequs | Vidya Wires |
|---|---|---|---|
| Sector | E-commerce / Social-Commerce | Aerospace & Contract Manufacturing | Copper & Aluminium Wires Manufacturing |
| IPO Size | ~₹5,421 cr | ~₹922 cr | ~₹300 cr |
| Price Band | ₹105–111 | ₹118–124 | ₹48–52 |
| Grey Market Premium (Approx.) | High (≈44% premium) | Good (≈33–37% premium) | Moderate (≈12–20% premium) |
| Risk Level | High | Medium–High | Low–Medium |
| Ideal For | Aggressive investors | Balanced, long-term investors | Conservative investors |
Business Models & Growth Potential: What Each IPO Offers
Meesho :- Digital Retail & Social Commerce Play
Meesho represents the new-age digital commerce wave. As a social-commerce / e-commerce marketplace, it aims to serve value-conscious customers, especially in smaller towns and cities where growth potential remains largely untapped. With rising internet & smartphone penetration, and increasing demand for affordable products, Meesho hopes to exploit a large addressable market. Its business model is asset-light compared to traditional retail, using tech infrastructure, logistics partnerships, and a seller network rather than heavy inventory.
IPO proceeds are earmarked for infrastructure build-out, scaling technology/logistics stack, marketing, expansion into new verticals — all aimed at aggressive growth. This could help Meesho scale fast if execution goes smoothly. Given strong anchor investor backing and high grey-market interest, initial sentiment is favorable.
But risk remains high: competition in e-commerce is stiff, margins thin, and profitability depends on scale + efficient operations + sustainable consumer demand. If marketplace fails to scale or retention/demand weakens, valuation could feel stretched given high expectations.
Aequs :- Aerospace & Precision Manufacturing Opportunity
Aequs offers a fundamentally different narrative: manufacturing, precision engineering — sectors that tend to have longer gestation but stable cash flows (assuming order books stay healthy). The company is positioned in aerospace components manufacturing and contract manufacturing, areas where India’s “Make in India” push and global supply-chain diversification can offer tailwinds. Over time, as global aerospace demand recovers and outsourcing increases, Aequs could benefit significantly.
Additionally, the company’s diversified manufacturing offerings beyond aerospace (for consumer goods, plastics, etc.) may help reduce dependence on a single sector and smoothen revenue cycles. For long-term investors with a manufacturing theme view, this IPO offers a balanced risk-return profile: less volatile than a tech startup, but with growth potential if global demand and manufacturing execution align.
Still, risks involve global aerospace demand swings, dependency on large clients, possible cyclicality, and execution risks inherent in manufacturing. Margins in manufacturing tend to be narrower than tech-enabled businesses, and scale-up requires funding, efficient operations, and sustained demand.
Vidya Wires :- Industrial / Commodity-Linked Stability
Vidya Wires stands apart as a conservative, industrial-sector IPO. The company manufactures copper and aluminium wires and conductivity products—essential for sectors like electricals, renewable energy, motors, appliances, railways, and infrastructure. Demand for such products tends to be steady, driven by industrial needs, infrastructure growth, electrification, EV adoption, and energy/renewable expansion.
With modest IPO size (~₹300 crore), relatively low valuation and reasonable GMP, Vidya Wires appears to be targeting investors seeking stability over fireworks. Their plan to expand manufacturing capacity (new facility), repay debt, and strengthen balance sheet suggests a measured, long-term industrial growth path.
Risks are relatively lower compared to high-growth firms: but returns may also be moderate. Commodity price volatility (copper, aluminium), demand cycles in industrial sectors, and competition could impact profitability. But for risk-averse or long-term investors seeking stability and a presence in traditional manufacturing supply chain, this IPO offers reasonable entry at a modest valuation.
Strengths & Risks: What to Watch Out For
Meesho : Strengths
- Large addressable market across smaller cities/towns with rising internet penetration.
- Scalable, asset-light business model (marketplace + seller network) less inventory burden.
- Strong institutional (anchor) backing signals confidence from big investors.
- High grey-market premium indicates likely listing gains if market conditions are stable.
Meesho : Risks
- Competition from big e-commerce players (national & global), price wars, margin pressure.
- High valuation success depends on rapid growth, market expansion, good execution.
- Profitability not yet proven; long-term returns hinge on sustainable business economics.
- Dependence on consumer demand and consumption cycles could be cyclical/volatile.
Aequs : Strengths
- Plays in aerospace & contract manufacturing sectors with long-term growth potential, especially with “Make in India” push and global manufacturing shifts.
- Diversified manufacturing portfolio (not just aerospace) reduces sector-specific risk to some extent.
- Lower valuation compared to high-growth tech firms; realistic medium-term prospects.
- Grey-market sentiment decent, indicating investor interest and expected listing gains.
Aequs : Risks
- Reliant on global aerospace demand cyclicality and external shocks may impact order flow.
- Manufacturing business tends to have tighter margins profitability depends on scale and efficient execution.
- Dependence on few large clients (if any) risk of customer concentration.
- Requires continuous investment in capacity and quality execution risk is non-trivial.
Vidya Wires : Strengths
- Stable business in wires & conductivity products essential for electricity, infrastructure, appliances, renewables. Demand likely stable or growing with industrial growth, electrification, EV push, renewable expansion.
- Lower valuation and modest expectations less risk of overvaluation.
- Good for long-term, conservative investors; potential for steady returns rather than volatile swings.
- Company expansion plan (increase capacity) could lead to improved margins and revenue over time, especially with sector tailwinds.
Vidya Wires : Risks
- Business tied to commodity prices (copper, aluminium) : raw-material price volatility may squeeze margins.
- Demand may fluctuate with industrial cycles or macroeconomic headwinds.
- Growth potential modest compared to high-growth firms returns likely steady but not spectacular.
- IPO is small — less liquidity and lower scale compared to larger companies.
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