With the secondary market at record highs, the primary market is gearing up for an active start to December. A total of 15 Initial Public Offerings (IPOs) are set to hit Dalal Street, along with six companies scheduled for their market debut. Collectively, the IPOs are expected to raise over Rs 7,000 crore, including Rs 6,643 crore from three mainboard offerings.

Mainboard IPOs

The three mainboard IPOs—Meesho, Aequs, and Vidya Wires—are opening for subscription December 3 to 5:

• Meesho, backed by SoftBank and Elevation Capital, is the largest, aiming to raise Rs 5,421 crore with a price band of Rs 105-111 per share.
• Aequs, an aerospace parts manufacturer, targets Rs 921.8 crore at a Rs 118-124 per share price band.
• Vidya Wires, a Gujarat-based winding and conductivity products company, plans to raise Rs 300 crore at Rs 48-52 per share.

SME Segment IPOs

The SME segment will see 12 IPOs worth over Rs 400 crore, making it busier than the mainboard next week. Highlights include:

• December 1: Clear Secured Services, Speb Adhesives, Invicta Diagnostic, Ravelcare, Astron Multigrain.
• December 2: Neochem Bio Solutions and Helloji Holidays.
• December 3-5: Shri Kanha Stainless, Luxury Time, Western Overseas Study Abroad, Methodhub Software, Encompass Design India.

Upcoming Listings

Apart from IPOs, six companies are scheduled for listing on BSE SME:

• December 2: SSMD Agrotech India
• December 3: Mother Nutri Foods, K K Silk Mills
• December 5: Exato Technologies, Logiciel Solutions, Purple Wave Infocom

Market experts expect strong investor participation, driven by the bullish sentiment in the secondary market, making December one of the busiest months for primary market activity in recent times.