Meesho vs Aequs vs Vidya Wires IPO 

All three IPOs open in the same window, but they sit in completely different buckets—

consumer tech, precision manufacturing, and industrial wires.

 

Parameter	Meesho IPO	Aequs IPO	Vidya Wires IPO
Sector	Value e‑commerce platform	Aerospace & precision manufacturing	Copper & aluminium wires / conductors
Issue Size	₹5,421.2 cr (largest)	₹921.8 cr	₹300.0 cr (smallest)
Price Band	₹105–₹111	₹118–₹124	₹48–₹52
Lot Size (Retail)	135 shares (~₹15k)	120 shares (~₹15k)	288 shares (~₹15k)
Business Type	High‑growth, platform, tech‑driven	Capital‑intensive, B2B exports	B2B industrial, commodity‑linked
Broad Risk Level	High	Medium–High	Medium
Listing Buzz (GMP)	Strong, currently highest of the three	Healthy, mid‑range	Positive but lower than Meesho/Aequs

Which IPO Suits Which Investor?

1. Meesho – Aggressive Growth, High Volatility

✅  Best aligned with investors who

         ❇️ are comfortable with digital / platform businesses

         ❇️ accept earnings volatility and regulatory risk

         ❇️ look for high growth + potential listing pop more than near‑term stability.

✅ Positives: massive scale, strong brand, big addressable market, strong marquee backers.

✅ Key worries: competition from Amazon and Flipkart (Walmart ), reliance on CoD, still‑evolving profitability and large contingent risks.

✅ Suited to: high‑risk, growth‑oriented investors with a 5–7 year view (or listing‑gain traders who understand IPO risk).

2. Aequs – Niche Aerospace Manufacturing Play

 ✅ Fits investors who

         ❇️ want exposure to precision manufacturing + aerospace

         ❇️ can handle export and customer‑concentration risk

         ❇️ think in multi‑year cycles rather than quick flips.

✅ Positives: integrated aerospace SEZ, global OEM relationships, reasonable valuations vs       peers, clear capex roadmap.

✅  Risks: capital intensity, meaningful leverage, heavy dependence on a handful of large   global clients and on the aerospace cycle.

✅ Suited to: investors with moderate–high risk tolerance who like manufacturing stories and can stay invested through sector cycles.

3. Vidya Wires – Core Industrial, Cleaner Balance Sheet Post‑IPO

✅ Works for investors who

                ❇️ prefer old‑economy, tangible businesses tied to power, EVs, Renewables

                ❇️accept thin margins but like improving ROE and debt reduction plans

✅ Positives: 40+ years track record, diversified industrial demand, improving profitability, planned debt repayment and capex through subsidiary ALCU.

✅ Risks: PAT margin sub‑3%, commodity price swings (copper/aluminium), working‑capital heaviness and competitive intensity.

✅ Suited to: relatively conservative equity investors within IPO space who seek exposure to electrification / EV supply chain with more predictable demand but lower glamour.

So, Which One to Subscribe?

• If your priority is high growth + brand + potential listing frenzy:
  Meesho is the pure growth bet, but also the most complex and volatile. Treat it as a high‑beta allocation, not a core holding.
• If you like structural manufacturing + “China+1” + aerospace theme:
  Aequs offers a focused play on India’s move up the global manufacturing ladder, with a risk profile driven mainly by sector cycles and client concentration.
• If you prefer industrials tied to power/EV with improving but thin margins:
  Vidya Wires is a quieter story: lower issue size, decent fundamentals, and better allotment probability for retail than Meesho.

For a balanced approach, many advisers suggest:

• Aggressive investors: Higher weight to Meesho, smaller tickets in Aequs / Vidya Wires.
• Moderate investors: Primary focus on Aequs and/or Vidya Wires; Meesho only if you’re comfortable with platform risk.
• Conservative IPO investors: Prefer Vidya Wires, or skip and wait for post‑listing price discovery across all three.

This is not investment advice or a buy/avoid call—treat it as a framework and overlay your own risk profile, sector preference, and portfolio mix.

How To Apply for the IPO?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

FAQs – Meesho vs Aequs vs Vidya Wires

Q1. Which IPO looks best for listing gains only?
A: Current grey‑market chatter points to Meesho leading, followed by Aequs and then Vidya Wires, but GMPs are unofficial and can change overnight—use them only as a sentiment gauge, not a guarantee.

Q2. Which IPO is fundamentally the “safest”?
A: None is risk‑free, but in relative terms, Vidya Wires and Aequs are anchored in tangible manufacturing and industrial demand, whereas Meesho adds platform, regulatory and competitive risk on top.

Q3. Can I apply to all three IPOs?
A: Yes, provided you have the capital for all minimum lots and your overall allocation to high‑risk, newly‑listed stocks remains within your comfort zone.

Q4. How should a new IPO investor choose among them?
A: Start by ranking your comfort with:

1. Tech/platform risk (Meesho)
2. Aerospace/manufacturing cyclicality (Aequs)
3. Commodity‑linked industrials (Vidya Wires).
   Then choose one or two that genuinely match your existing portfolio and time horizon—rather than chasing all three for fear of missing out.

Q5. Is it better to wait for listing and then buy?
A: For investors who dislike uncertainty, watching at least one quarter of post‑listing results and price behaviour can be wiser than rushing into the IPO—especially for a complex business like Meesho.