BIZ DESK
Shares of Meesho, Aequs, and Vidya Wires made their market debut on Wednesday, delivering sharply divergent outcomes despite strong investor interest during their IPOs. The listings came on a day when overall market sentiment remained cautious, but appetite for select new-age and manufacturing plays continued to drive primary market activity.
Meesho delivered the day’s most striking debut, posting 53% listing gains. The stock opened at ₹162.50 on the NSE, a 46% premium over its issue price of ₹111, and at ₹161.20 on the BSE, up 45.2%. Buying interest remained firm through the session, with the stock closing at ₹170.20 on the BSE and ₹170.09 on the NSE, reflecting sustained confidence in the company’s asset-light e-commerce model and its improving profitability metrics.
In contrast, aerospace components maker Aequs listed with a 22% gain, indicating healthy demand for precision manufacturing and defence-linked businesses, which continue to attract long-term institutional interest. Wire manufacturer Vidya Wires saw only a 2% listing gain, signalling selective investor enthusiasm within the industrials theme.
Analysts noted that the mixed outcomes underscore a shift toward valuation discipline, even as well-positioned digital and specialty manufacturing firms continue to draw strong IPO traction.