Aequs IPO Day 2: Subscription crosses over 4.4x so far on robust retail demand—Here’s what to know

Aequs IPO: The initial public offering (IPO) of Aequs Limited stepped into its second day of public bidding on Thursday, December 4, with the issue subscribed 4.44 times so far, as per the provisional exchange data. The issue received an overwhelming response from investors and was fully subscribed on the first day of its public bidding. The Rs 921.81 crore public offer is a mix of fresh issuance and offer for sale (OFS).

Aequs IPO subscription status

As of 10:30 am, investors have bid for 18.63 crore shares against the total shares on offer. The subscription includes bids from institutional buyers, investors and retailers categories who have bid 0.67, 5.08 and 14.46 times against their allotted portion so far.

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In terms of shares, the QIB, NII and RII quotas have booked 1.50 crore, 5.85 crore and 11.12 crore shares against their reserved portion of shares.

Aequs IPO details

The Aequs IPO is a book-building issue of Rs 921.81 crore, which comprises a fresh issue of 5.40 crore equity shares worth Rs 670 crore and an offer-for-sale (OFS) of 2.03 crore equity shares worth Rs 251.81 crore.

Aravind Shivaputrappa Melligeri, Aequs Manufacturing Investments Private Limited, Melligeri Private Family Foundation and The Melligeri Foundation are the company promoters who are offloading their stakes through the OFS.

The IPO has reserved not less than 75 per cent, not more than 10 per cent and not more than 15 per cent of the net offer for the QIB, NII and retail investor categories, respectively.

The basis of allotment of the IPO shares is expected to be finalised tentatively on December 8, 2025, and the stock is expected to list on both the stock exchanges (BSE and NSE) on December 10, 2025, tentatively.

The IPO has a minimum lot size of 120 shares, translating into a minimum investment of Rs 14,880 required by the retail investors, based on the upper end of the price band.

Price band: Rs 118 to Rs 124 per equity share

Lot size: 120 shares

Subscription date: December 3 to December 5, 2025.

Allotment date: December 8, 2025, tentatively

Listing date: December 10, 2025, tentatively.

Aequs Limited company profile

Incorporated in 2000, Aequs Ltd primarily operates in the Aerospace Segment and deals in manufacturing components for engine systems, landing systems, cargo and interiors, structures, assemblies and turning for the aerospace clients.

Financially, the company reported a revenue decrease of 3 per cent, while the profit-after-tax (PAT) declined significantly by 619 per cent in FY24-25.