&format=webp&quality=medium)
Aequs IPO: Aequs Ltd's initial public offering (IPO) stepped into its final day of public bidding on Friday, December 5, with the issue subscribed 29.61 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 public offer of the aerospace player is a mix of fresh issuance and offer for sale (OFS).
As of 1:30 pm, investors have bid for 80.81 crore shares against the total shares on offer. The subscription includes bids from institutional buyers, investors and retailers categories who have booked the issue 6.74, 55.29 and 58.42 times their allotted portion so far.
Specifically, the QIB, NII and RII quotas have booked 15.24 crore, 63.78 crore and 44.93 crore shares against their reserved portion of shares.
The Aequs IPO is a book-building issue of Rs 921.81 crore, consisting of a fresh issue of 5.40 crore equity shares (Rs 670 crore) and an offer-for-sale (OFS) of 2.03 crore equity shares (Rs 251.81 crore).
Aequs IPO has reserved 75 per cent of the issue shares for institutional buyers, 10 per cent for institutional investors and 15 per cent for the retail investor quota.
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.
Price band: Rs 118 to Rs 124 per equity share
Lot size: 120 shares (minimum investment of Rs 14,880 for retailers, based on upper end of price band)
Subscription date: December 3 to December 5, 2025.
Allotment date: Tentatively on December 8, 2025
Listing date: Tentatively on December 10, 2025
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.