Aequs Ltd is set to launch its initial public offering (IPO) for subscription starting from December 3, 2025. The IPO will be open for three days until December 5, with the final allotment anticipated by December 8. Trading of the shares on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is scheduled to commence on December 10.
The Aequs IPO is valued at Rs 921.81 crore, comprising a fresh issue of 5.40 crore shares valued at Rs 670 crore and an offer for sale (OFS) of 2.03 crore shares worth Rs 251.81 crore.
Investors are required to bid within a price range of Rs 118 to Rs 124 per share. Retail investors must apply for a minimum of 120 shares, amounting to Rs 14,880 at the upper limit. For sNII investors, the minimum application stands at 14 lots or 1,680 shares, costing Rs 2,08,320, while bNII investors need to bid for 68 lots or 8,160 shares valued at Rs 10,11,840.
The book running lead manager for the IPO is JM Financial Ltd., and Kfin Technologies Ltd. will serve as the registrar of the issue.
Regarding the Grey Market Premium (GMP) for the Aequs IPO, the latest reported premium is Rs 44 as of December 2 at 1:56 pm. Based on the upper price band of Rs 124, the projected listing price is estimated at Rs 168, indicating an expected gain of approximately 35.48% per share.
Established in 2000, Aequs Ltd specializes in manufacturing and managing a special economic zone in India that provides comprehensive manufacturing capabilities in the aerospace sector. The company’s product range includes components for various aerospace systems and consumer electronics, plastics, and consumer durables.
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