Aequs IPO maintains strong momentum on Day 3 with 16.45x subscription and GMP suggesting a 33% gain

Aequs IPO, which focuses on consumer goods and aerospace components, was subscribed 11.10 times by the end of Day 2. The price band is set at ₹118–₹124, and the estimated listing price is around ₹165, indicating a premium of about 33.06%.

Aequs Ltd’s IPO entered Day 3 on a strong note after recording 11.10 times subscription by the end of Day 2. The issue, which opened on December 3 and closes on December 5, has a price band of ₹118–124 per share, giving the company a valuation of over ₹8,300 crore. The IPO GMP has risen to ₹41 today, indicating an estimated listing price of around ₹165 per share, nearly 33 percent above the upper price band. The company, known for aerospace manufacturing, has expanded into consumer electronics, plastics, cookware, toys, and small home appliances. Aequs has allocated 75 percent of the issue for QIBs, 15 percent for NIIs, and 10 percent for retail investors. By Day 3, total subscription reached 13.29 times, with retail bidding at 36.75 times and NII participation at 22.18 times. The proceeds will be used for debt repayment, machinery purchases, business expansion, and general corporate needs.