Aequs IPO Day 3: Check live subscription status, allotment date and steps

Aequs IPO: The initial public offering of precision component manufacturer Aequs Ltd will end on Friday, December 5.

As of day 2, the issue has been booked 11.10 times. It got bids for 46,66,16,040 shares against 4,20,26,913 shares on offer, according to the NSE data.

The initial share sale is raising ₹921.81 crore by offering new shares worth ₹670 crore and an offer for sale (OFS) of 2.03 crore shares aggregating to ₹251.81 crore by promoters and existing investors. It has set a price band of ₹118 to ₹124 per share.

The money raised will be used to repay loan taken by the company and its two subsidiaries: AeroStructures Manufacturing India and Aequs Consumer Products, buy machinery and equipment for the firm and AeroStructures, support future growth through potential acquisitions and other strategic initiatives and for general corporate needs.

Aequs majorly operates in the aerospace segment, but over the years, it has expanded its product portfolio to plastics, consumer electronics and consumer durables.

Aequs IPO allotment and listing date

Aequs IPO allotment status is likely to be finalised on Monday, December 8. The listing on the NSE and the BSE will take place on Wednesday, December 10.

How to check Aequs IPO allotment status on NSE

• Go to this page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Click on ‘Equity & SME IPO bid details’
• Choose 'AEQUS' from the 'Select Symbol' list
• Add your application number and PAN
• Press the 'Submit' button

Steps to check Aequs IPO allotment status on BSE

• Open the IPO allotment status page of BSE: https://bseindia.com/investors/appli_check.aspx.
• Issue type should be kept as 'Equity'
• Click on ‘Aequs Ltd’ from the ‘Issue Name’ list
• Mention either your PAN or IPO application number
• Hit the ‘Search’ button

Aequs IPO allotment status on KFin Technologies; full steps

• Visit the registrar's IPO status page: https://ipostatus.kfintech.com/
• From the issue names, choose ‘Aequs Ltd’
• Add PAN, IPO application number or Demat account number
• Click on ‘Submit’

Aequs IPO GMP

According to media reports and investorgain.com, unlisted shares of Aequs are trading at ₹165, reflecting a grey market premium of 33.06% over the upper price band of ₹124.