Three initial public offerings from diverse sectors are set to hit the Indian capital markets simultaneously on December 3, 2025, closing on December 5. The offerings span aerospace manufacturing, capital goods, and e-commerce, collectively seeking to raise over ₹6,600 crore.
Aequs IPO
Aequs Ltd, India’s only precision component manufacturer operating within a single SEZ for the aerospace segment, has set a price band of ₹118-124. The issue comprises a fresh issue of ₹670 crore and an offer-for-sale of ₹251.8 crore at the upper band. At the upper end of the price band, the stock is valued at 8.7x EV/Sales on post-issue capital. SBI Securities has recommended that investors subscribe to the issue at the cut-off price, noting that the planned debt repayment should result in substantial savings in interest costs.
Vidya Wires IPO
Vidya Wires Ltd, the fourth-largest manufacturer in India’s copper and aluminium wires industry with 5.7 per cent market share, has priced its issue at ₹48-52. The IPO includes a fresh issue of ₹274 crore and an offer-for-sale of approximately ₹26 crore. The company operates three manufacturing facilities in Gujarat with a capacity of 19,680 MTPA. At the upper price band of ₹52, the IPO is valued at a FY25 P/E ratio of 27.1x. SBI Securities recommends subscribing for long-term investment, highlighting the company’s capacity expansion plans that would double existing capacity to 37,680 MTPA by March 2026.
Meesho IPO
Meesho Ltd, one of India’s largest online marketplaces, has set the highest price band at ₹105-111. The e-commerce platform’s IPO comprises a fresh issue of ₹4,250 crore and an offer-for-sale of ₹1,171.2 crore at the upper band. At the upper end of the price band, Meesho is valued at a FY25 Price-to-Sales ratio of 5.3x. Despite making losses, the company has generated positive free cash flows in recent years. SBI Securities recommends subscribing for long-term investment, though it notes that the path to sustainable profitability remains a key monitorable.
Vidya Wires has reserved 35 per cent for retail investors and the other two IPOs have reserved 10 per cent for retail investors, with QIB portions ranging from 50 to 75 per cent.