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Grey market strength keeps listing expectations high for three upcoming IPO debuts
Positive grey market premiums for Meesho, Aequs, and Vidya Wires pointed to strong listing interest as all three heavily subscribed IPOs prepare for market debut tomorrow.
Investor attention remained firmly on the primary market as shares of Meesho, Aequs, and Vidya Wires are scheduled to debut on the stock exchanges on December 10. All three companies continued to attract positive sentiment in the grey market, with Meesho commanding a premium of around 35 percent, Aequs trading near a 27 percent premium, and Vidya Wires showing an 8 percent premium. Meesho’s Rs 5,421 crore IPO was subscribed 79.02 times and valued the company at over Rs 50,000 crore at the upper end.