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Investor Sentiment: Remained strong for Aequs IPO.
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Grey Market Premium (GMP) on Dec 6: ₹43 per share.
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Implied Listing Price: ₹167 per share.
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Premium Over Upper Price Band: 34.68% above ₹124.
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Significance of GMP: Indicates the additional amount investors are willing to pay over the issue price.
Aequs IPO: Key Details
| Category | Details |
|---|---|
| Overall Subscription | 104.30× on Day 3 |
| Retail Investors | 81.03× |
| Non-Institutional Investors | 83.61× |
| Qualified Institutional Buyers | 122.93× |
| Total Bids Received | 427.19 crore against 4.09 crore shares |
| Subscription Trend | Day 1 – 0.68×, Day 2 – 0.75× |
| Total Issue Size | ₹921.81 crore |
| Fresh Issue | 5.40 crore shares (₹670 crore) |
| Offer for Sale (OFS) | 2.03 crore shares (₹251.81 crore) |
| Price Band | ₹118–₹124 per share |
| Lot Size | 120 shares |
| Minimum Investment (Retail) | ₹14,880 (120 shares at upper price) |
| Use of Funds | Repayment of borrowings, Purchase of machinery and equipment, Support for future growth through acquisitions, strategic initiatives, and general corporate purposes |
| Lead Managers | JM Financial, IIFL Capital Services, Kotak Mahindra Capital |
| Registrar | KFin Technologies |
What Does Aequs Do?
Aequs, though its main focus was on aerospace, has won the battle of successfully transferring its operations through different sectors to cover a larger area. The company, in consumer electronics and durable goods, has even stepped into the kitchen by manufacturing cookware and small home appliances that suit every household’s daily needs. The plastics division alone is responsible for a variety of products ranging from outdoor toys, figurines, and toy vehicles to extremely fine laptop and smartphone components, thus showing the company’s wide-open manufacturing capabilities.
This calculated move of diversifying not only reinforces Aequs’ presence in the industrial and consumer circuits but also guarantees constant growth through the mix of state-of-the-art aerospace projects and customer-friendly products, thus making the company a balanced one.

