Aequs IPO to open for bidding soon: Subscribe or skip the Rs 900 crore issue?

Aequs Ltd will open its initial public offering (IPO) for subscription on December 3, 2025. The three-day issue will close on December 5, and the allotment is expected to be finalised on December 8. The shares will list on the BSE and NSE on December 10. Aequs IPO is sized at Rs 921.81 crore. This includes a fresh issue of 5.40 crore shares worth Rs 670 crore and an offer for sale (OFS) of 2.03 crore shares worth Rs 251.81 crore. The company has set a price band of Rs 118 to Rs 124 per share. Retail investors must apply for a minimum of 120 shares, which means an investment of Rs 14,880 at the upper price band. For sNII investors, the minimum application is 14 lots or 1,680 shares, costing Rs 2,08,320, while bNII investors need to apply for 68 lots or 8,160 shares worth Rs 10,11,840. JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. GREY MARKET PREMIUM FOR IPO The last reported grey market premium (GMP) for the Aequs IPO is Rs 44, updated on December 2 at 1:56 pm. Based on the upper price band of Rs 124, the estimated listing price works out to Rs 168. The expected gain per share is around 35.48%. Aequs Ltd was incorporated in 2000. The company is engaged in manufacturing and operating a special economic zone in India that offers fully vertically integrated manufacturing capabilities in the aerospace segment. Its product portfolio includes components for engine systems, landing systems, cargo and interiors, structures, assemblies and turning for aerospace clients. While its primary presence is in the aerospace segment, Aequs has expanded its product portfolio over the years to include consumer electronics, plastics and consumer durables for its consumer clients. (Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.) - Ends