Summary of this article
Aequs IPO closed with massive investor interest, subscribed 64.38 times overall, led by NIIs (74.19x) and RIIs (68.9x).
The Grey Market Premium (GMP) surged to Rs 46.50, indicating a potential listing price of Rs 170.50 per share, a 37.5% gain.
Allotment is scheduled for December 8, refunds on December 9, with the stock set to list on December 10.
Aequs IPO Subscription: The subscription window of Aequs’ initial public offering (IPO) is scheduled to close today, December 5. The aerospace engineering company’s public issue saw strong demand on the final day of bidding.
Aequs IPO has been subscribed 64 times so far. Additionally, the grey market premium (GMP) for the company’s shares has also witnessed an uptick, indicating strong demand for the shares in the grey market. Here’s a look at some of the key details related to the aerospace component maker’s public issue:
Aequs IPO Subscription On Day 3
On the third day of subscription, Aequs IPO was subscribed 64.38 times. Cumulatively, the issue received bids for 2705.8 million shares compared to the 42.2 million shares offered for subscription.
On all three days of subscription, the non-institutional investor (NII) category led the demand for the aerospace company’s shares. NIIs booked their quota in the public issue 74.19 times as they bid for 856 million shares compared to the 11.5 million shares reserved for them.
Aequs IPO has been booked 68.9 times by retail individual investors (RIIs) so far. RIIs applied for 529.9 million shares against the 7.69 million shares set aside for retail investors.
Qualified institutional buyers (QIBs) booked their quota in the public issue 58.12 times. QIBs applied for 1314.19 million shares compared to the 22.59 million shares set aside for the category.
Aequs IPO GMP
Aequs IPO grey market premium (GMP) surged on the final day of bidding from Rs 41 per share to Rs 46.5 per share as per several websites which monitor the demand for shares of unlisted companies. Aequs shares are expected to list with gains of 37.5 per cent at Rs 170.5 per share.
Aequs IPO Issue Size
Aequs Ltd seeks to raise Rs 921.81 crore from its public issue. The aerospace company’s issue size comprises a fresh issuance of 54 million shares amounting to Rs 670 crore and an offer for sale of 20.3 million shares aggregating to Rs 251.81 crore.
Aequs IPO Price Band
Aequs IPO price band was set at Rs 118 to Rs 124 per share. The minimum lot size for retail individual investors was fixed at 120 shares, which aggregates to an investment of Rs 14,880.
Aequs IPO: Subscription Dates and Listing Date
Aequs IPO subscription window was open from December 3 to December 5. The basis of allotment for Aequs IPO will be announced on December 8. Aequs will issue refunds for unsuccessful applicants on December 9. Aequs shares are scheduled to list on the bourses on December 10.
Aequs: Financials
Aequs’ total income for the September quarter of FY26 stood at Rs 565.55 crore. The aerospace component manufacturer’s net loss and net worth for the September quarter were Rs 16.98 crore and Rs 796.04 crore, respectively.
In FY25, the aerospace company posted a total income of Rs 959.21 crore, decreasing by nearly 3 per cent from Rs 988.3 crore in the preceding fiscal. The company’s net loss for FY25 stood at Rs 102.35 crore, widening from Rs 14.24 crore in the preceding fiscal. The net worth of the company declined by more than 12 per cent to Rs 707.53 crore in FY25 compared to Rs 807.17 crore in FY24.
Aequs IPO: Registrar
The registrar for Aequs IPO is Kfin Technologies Ltd, and the book-running lead manager is JM Financial Ltd.
Aequs: Promoters
The promoters of Aequs include Aravind Shivaputrappa Melligeri, Aequs Manufacturing Investments Private, Melligeri Private Family Foundation and The Melligeri Foundation. The promoters of the company held 64.48 per cent prior to the issue, and their shareholding is set to reduce to 56.25 per cent post the issue.
Aequs IPO: Objective
Aequs will use the money raised through the public issue for repayment of its borrowings and those of its subsidiaries. The funds will also be utilised for acquiring machinery and equipment by the company and its subsidiaries. A portion of the proceeds will also be used for funding inorganic growth via unidentified acquisitions and other strategic initiatives and for funding general corporate purposes.
About Aequs
Aequs was Incorporated in 2000. The company is a manufacturer of aerospace components such as engine systems, landing systems, cargo and interiors, structures, assemblies and turning for the aerospace clients. The company has also expanded its business to manufacture consumer electronics, plastics, and consumer durables.
