Key Highlights
- (Photo Source: NDTV Profit) Show Quick ReadSummary is AI Generated.
- Newsroom ReviewedThe primary market concluded the three mainboard IPOs on Friday, December 5.
- The grey market premium for the leading e-commerce platform Meesho, diversified contract manufacturing company Aequs, and metal wires producer Vidya Wires remain in the spotlight after the subscription closed on its third and final day. All three IPOs, which were fully subscribed on Day 1, witnessed further subscription growth with Meesho getting subscribed 79.03 times, Aequs 101.63 times and Vidya Wires 26.59 times on Friday. Ahead of the allotment and listing next week, the grey market premium for these three IPOs continues to top the 'Business and Finance' trending charts.
- Private market investors are anticipating strong listing gains of up to 40%.
- However, one must note that the grey market is unregulated (not governed by authorities like SEBI) and speculative; it can fluctuate wildly.
