Aequs Ltd IPO GMP Live Updates: Issue booked 28x so far. GMP hints 33% listing pop. Check price band, subscription status and other key details
By the end of Day 2, the IPO was 11.10x subscribed overall. Retail investors led the momentum, subscribing 32x their allocation, while NIIs and QIBs subscribed 16.81x and 73% of their quotas, respectively. Grey market premiums suggest the stock could list around Rs 165.
Aequs IPO Price Band and Lot Size: The company has priced its issue in the Rs 118–124 range, with retail participants required to apply for at least 120 shares, bringing the minimum investment to Rs 14,800.
Aequs IPO Opening Date and Subscription: The public issue opened for bidding on Wednesday, December 3, and quickly gained traction, getting subscribed over 11 times, largely powered by robust retail demand.
Aequs IPO Closing and Allotment Date: The Rs 922-crore offering will continue to accept bids until Friday, December 5, after which allotments are scheduled to be finalised on Monday, December 8.
Is Aequs IPO worth buying? Expert Reviews: Analysts remain optimistic about the offering. SBI Securities has recommended subscribing, citing Aequs’ strong foothold in the global aerospace components ecosystem, its entrenched relationships with top-tier players like Boeing and Airbus, and the sector’s high entry barriers. The firm also notes that using IPO proceeds to pare debt could boost profitability. At the top end of the price range, the valuation works out to 8.7x EV/Sales, which the brokerage views as favourable for prospective investors.
