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  5. Aequs IPO subscribed 9.83 times so far on Day 2; check price band, lot size and key dates

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Aequs IPO subscribed 9.83 times so far on Day 2; check price band, lot size and key dates

Upstox
By Upstox News Desk

3 min read | Updated on December 04, 2025, 15:33 IST

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SUMMARY

Aequs IPO: The ₹920.81 issue, with a price band of ₹118 to ₹124 per share, has a fresh issue of shares worth ₹670 crore, along with an offer for sale (OFS) of ₹251.81 crore by promoters and existing investors.

Aequs initially filed confidential draft papers with Sebi in June and secured approval in September to launch the IPO. | Image: Shutterstock

Aequs initially filed confidential draft papers with Sebi in June and secured approval in September to launch the IPO. | Image: Shutterstock

Aequs IPO: Contract manufacturing firm Aequs Ltd's initial public offering has been subscribed 9.83 times so far on Thursday, the second day of bidding.

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The issue secured bids for 41,31,55,560 shares against 4,20,26,913 shares on offer, according to the NSE data until 3:32 pm.

The part reserved for retail individual investors (RIIs) attracted 30.15 times subscription, while the non-institutional investors' (NIIs) quota received 14.07 times subscription. The qualified institutional buyers (QIBs) category got subscribed 73%.

The ₹920.81 IPO, with a price band of ₹118 to ₹124 per share, has a fresh issue of shares worth ₹670 crore, along with an offer for sale (OFS) of ₹251.81 crore by promoters and existing investors.

Funds raised from the fresh issue would be used for repaying loans taken by the company and its two subsidiaries -- AeroStructures Manufacturing India and Aequs Consumer Products, purchasing machinery and equipment for the company and AeroStructures, and supporting future growth through potential acquisitions, other strategic initiatives, and for general corporate needs.

A lot consists of 120 shares.

Ravelcare IPO allotment: How to check status online on BSE, KFin Technologies; listing date, time here

Aequs IPO: Timeline

EventDate
Subscription periodDecember 3 to December 5
Basis of allotmentDecember 8
Initiation of RefundsDecember 9
Credit of Shares to DematDecember 9
Listing dateDecember 10

Aequs IPO GMP

According to media reports and investorgain.com, unlisted shares of Aequs are trading at ₹169.5, reflecting a grey market premium of 36.69% 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.

About the company

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

Its consumer products include cookware and small home appliances, while its plastics offerings include outdoor toys, figurines, toy vehicles, and components for consumer electronics such as portable computers and smart devices.

The company is backed by prominent investors, including Amicus Capital, Amansa Capital, Steadview Capital, Catamaran -- the family office of Infosys founder N R Narayana Murthy -- and Sparta Group.

With PTI inputs
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