Aequs IPO allotment: Check status online on NSE, BSE, KFin Technologies; listing date, time revealed

Aequs IPO allotment: The basis of allotment of Aequs Ltd, a contract manufacturing firm specialising in consumer durable goods and aerospace parts, is expected to be finalised on Monday, December 8. The details will be available on the websites of the NSE, the BSE and the registrar, KFin Technologies.

The issue received 101.63 times subscription, with bids for 4,27,13,40,720 shares compared to 4,20,26,913 shares on offer, as per the stock exchange data.

The part reserved for qualified institutional buyers (QIBs) attracted 120.92 times subscription, while the category for non-institutional investors got subscribed 80.62 times. The quota meant for retail individual investors (RIIs) received 78.05 times subscription.

The ₹921.81 crore issue was a mix of new equity shares valued at ₹670 crore as well as an offer for sale (OFS) of ₹251.81 crore. With a price band of ₹118 to ₹124 per share, a lot consisted of 120 shares.

Funds generated will be utilised for repaying loans taken by the company and its two units -- AeroStructures Manufacturing India and Aequs Consumer Products, purchasing equipment and machinery for the firm and AeroStructures, potential acquisitions and other strategic initiatives, and for general corporate needs.

Aequs is the only precision component maker operating within a single special economic zone (SEZ) in India to provide fully vertically integrated manufacturing capabilities in the aerospace segment. The company supplies its products to OEM customers and system integrators. Over the years, the company has expanded its product portfolio to plastics, consumer electronics and consumer durables.

Its key clients are Boeing, Airbus, Bombardier, Collins Aerospace, Safran, GKN Aerospace, Mubea Aerostructures, Spirit AeroSystems Inc, Honeywell, Eaton, and Sabca in aerospace, and Spinmaster, Wonderchef, Hasbro and Tramontina in consumer products.

Aequs IPO allotment date and time

The Aequs IPO allotment is likely to be finalised on Monday, December 8, late evening.

Steps to check Aequs IPO allotment status online on NSE

• Visit NSE's IPO status link: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose ‘Equity & SME IPO bid details’
• From the 'Select Symbol' list, pick 'AEQUS'
• Fill in PAN and application number
• Hit the 'Submit' button

How to check Aequs IPO allotment status online on BSE

• Go to BSE's IPO status page: https://bseindia.com/investors/appli_check.aspx
• Keep issue type as 'Equity'
• Choose ‘Aequs’ from the ‘Issue Name’ list
• Enter either your IPO application number or PAN
• Click on the ‘Search’ button

Aequs IPO allotment status online on KFin Technologies; step-by-step guide

• Head to this page: https://ipostatus.kfintech.com/
• From the 'Select IPO' dropdown, choose ‘Aequs Ltd’
• Add either your Demat account number, PAN or IPO application number
• Press the ‘Submit’ button

Aequs IPO listing date and time

Shares of Aequs Ltd will hit the BSE and the NSE on Wednesday, December 10, at 10 am.

Aequs IPO GMP

According to media reports and investorgain.com, unlisted shares of Aequs Ltd are trading at ₹161, reflecting a grey market premium of 29.84% over the upper price band of ₹124.