IPO calendar: Meesho to anchor full pipeline of Rs 6,900 crore with 12 issues next week

India’s primary market is gearing up for a strong close in FY 2025, with a mix of major motherboards and a slew of SME IPOs set to mobilize nearly Rs 6,900 crore. The bulk of this fundraising will come from Meesho, by far the biggest release of the week, alongside Aequs and Vidya Wires on the motherboard. A cluster of SME IPOs will add to the activity, keeping primary market momentum strong as we enter December.

Meesho IPO: The main highlight of the week

Meesho’s IPO worth Rs 5,421 crore will begin on December 3 and will be the most watched issue of the week. The e-commerce marketplace is offering shares in the range of Rs 105-111. With its size, customer growth and improved operational metrics, Meesho’s listing is expected to attract significant investor interest.The company operates on a zero commission model and is India’s largest e-commerce platform in terms of annual transactions and order volumes. The issuance includes both a new allocation and a significant offering for purchase by early backers and founders.

Aequs and Vidya Wires are also appealing to mainboard investors

Next week, two more IPOs for motherboards will open in addition to Meesho. Aequs, an aerospace and precision manufacturing provider, plans to raise Rs 921.81 crore at a price range of Rs 118-124. Vidya Wires, which offers specialty wires used for industrial applications, aims to raise Rs 300 crore at a price range of Rs 48-52.

Both issues open on December 3 and close on December 5. Together with Meesho, these three motherboard IPOs account for over Rs 6,640 crore of the week’s fundraising.

SME IPOs add another Rs 250 crore to the supply

Although the motherboard dominates in terms of size, the SME segment will contribute meaningfully to the overall business. During the week, nine SME IPOs will be open for subscription, collectively raising around Rs 252 crore. These include Astron Multigrain (Rs 18.40 crore), Invicta Diagnostic (Rs 28.12 crore), Speb Adhesives (Rs 33.73 crore), Clear Secured Services (Rs 85.60 crore), Ravelcare (Rs 24.10 crore), Helloji Holidays (Rs 10.96 crore), Neochem Bio Solutions (Rs 44.97). crore) and Luxury Time (Rs 18.74 crore).

The SME pipeline for this week is around Rs 250 crore, keeping interest high among retail investors looking for early-stage niche companies.With nearly Rs 7,000 crore on the table from both motherboards and SME offerings, next week is one of the most active times of the year for IPO watchers. Meesho’s big deal will set the tone, but Aequs and Vidya Wires add depth to the mainboard, while smaller companies in manufacturing, diagnostics, consumer products and software round out the SMB offering.

Also read: India’s successful 8.2% GDP growth in Q2 exceeds expectations. But is it enough to boost the markets?

Mainboard investors will focus on subscription trends and anchor interest in Meesho, which is expected to drive overall sentiment. For the SME segment, market participants will monitor oversubscription levels and listing premiums, which have cooled in recent weeks.

(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of the Economic Times)