Aequs, Vidya Wires, Meesho IPOs see huge investor buzz on Day 2
Aequs, Vidya Wires, and Meesho are making waves in the stock market—their IPOs were all oversubscribed by mid-afternoon on Day 2.
Aequs led the pack with 9.37 times the shares available, while Vidya Wires and Meesho followed close behind at 7.07x and 5.96x.
The strong demand is coming from retail investors, non-institutional investors, and qualified institutional buyers.
What's driving the hype?
Aequs's retail portion was snapped up nearly 29 times over—clearly a favorite among small investors—while non-institutional buyers also showed serious interest.
Vidya Wires saw its retail quota subscribed almost 10 times as it looks to grow its manufacturing capacity.
Meesho attracted major institutional attention, planning to use the funds for tech upgrades and better logistics.
All three IPOs close this Friday, with listings expected next week!