Aequs enters listed space at 13% premium; here's what Anil Singhvi suggests

Precision component maker and special economic zone operator Aequs's shares entered the listed space on Dalal Street on Wednesday, with the stock debuting at Rs 140 on stock exchanges BSE and NSE each -- a premium of Rs 16 or 12.9 per cent over the issue price.

The listing, though at a premium, was lukewarm compared to market expectations.

Market guru Anil Singhvi's view

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Zee Business Managing Editor Anil Singhvi had estimated the stock's listing price in the range of Rs 150-160 per share, translating to a premium of up to 29 per cent.

What should investors do now?

The market wizard suggests investors keep a stop loss below Rs 140.

Aequs IPO: Key things to know

The IPO received robust investor response across categories. At the end of the three-day bidding process, the Aequs IPO secured a 101.6 times subscription, receiving bids for 427.1 crore shares versus the 4.2 crore shares on offer, according to exchange data.

The qualified institutional buyer (QIB) and non-institutional investor (NII) portions registered subscriptions of 120.9 and 80.6 times, respectively, while the retail investor category was booked 78.1 times.

The company's IPO was open for subscription from December 3 to 8. During the book-building process, Aequs shares were available for bidding in a range of Rs 118-124 in lots of 120 units -- which translates to Rs 14,160-14,880 per lot.

The Aequs IPO comprised fresh issuance worth Rs 670 crore and an offer for sale (OFS) to the tune of Rs 252 crore.