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Aequs IPO fully subscribed within hours on opening day: 10 key things to know
By Kamal Joshi
3 min read | Updated on December 03, 2025, 14:01 IST
SUMMARY
Aequs IPO: The ₹921.81 crore IPO consists of a fresh issuance of shares valued at ₹670 crore and an offer for sale (OFS) of ₹251.81 crore.
Aequs IPO will make its stock market debut on December 10. | Image: Aequs.com
Aequs IPO: The initial public offering of Aequs Ltd, a contract manufacturing firm specialising in consumer durable goods and aerospace parts, was fully subscribed on opening day, Wednesday, December 3. The issue will end on Friday, December 5.
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Join nowIt has secured bids for 9,25,25,160 shares as against 4,20,26,913 shares on offer, according to the consolidated data on the NSE until 2:01 pm.
| Category | Subscription Status |
|---|---|
| Qualified Institutional Buyers (QIBs) | 48% |
| Non-Institutional Investors | 1.79 times |
| Retail Investors | 7.81 times |
| Total | 2.20 times |
Aequs IPO: 10 key points to know
- Aequs IPO subscription period: The initial public offering is live from December 3 to December 5.
- Anchor round: Before the IPO, the company raised ₹413.92 crore from anchor investors, including SBI Mutual Fund (MF), Axis MF, HDFC MF, ICICI Prudential MF, Motilal Oswal MF, Steadview Capital, BlackRock Global Funds and Citigroup.
- IPO offer structure: The ₹921.81 crore IPO consists of a fresh issuance of shares valued at ₹670 crore and an offer for sale (OFS) of ₹251.81 crore.
- Objectives: Under the OFS, Melligeri Private Family Foundation, Raman Subramanian, Amicus Capital Private Equity I LLP, Amicus Capital Partners India Fund II and Amicus Capital Partners India Fund I will divest their stake. Funds raised from the fresh issue would be utilised for repaying loans taken by the company and its two units, Aequs Consumer Products and AeroStructures Manufacturing India; purchasing machinery and equipment for the firm and AeroStructures; and supporting future growth through potential acquisitions and for corporate general needs.
- Aequs IPO price band: The price range has been fixed at ₹118 to ₹124 per share.
- Reservation: The company has set aside 75% of the issue for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors.
- Aequs IPO lot size: Retail investors can apply for a minimum of 120 shares and in multiples thereof.
- Book-running lead managers and registrar: JM Financial, Kotak Mahindra Capital Company and IIFL Capital Services Ltd are the IPO's book-running lead managers. KFin Technologies Ltd is the registrar.
- Aequs IPO allotment date: The allotment is expected to be finalised on December 8.
- Listing date: The listing on the stock exchanges will take place on December 10.
Aequs IPO: Know the business model, strengths and risks
Aequs IPO GMP
According to media reports and investorgain.com, unlisted shares of Aequs are trading at ₹170.5, reflecting a grey market premium of 37.50% over the upper price band of ₹124.
Disclaimer: Grey Market Premium (GMP) is not regulated or recommended by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.
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