The primary market has seen strong participation recently, with many investors also keeping track of broad trends such as Exide Share Price and SME IPO Means. One of the standout performers in the December IPO lineup is Aequs, which closed its public issue with an exceptional subscription of 101.63 times. This reflects strong demand across all investor groups and highlights growing interest in precision manufacturing and aerospace engineering companies.
About Aequs
Aequs is a precision engineering and aerospace manufacturing company. It supplies machined components, assemblies, and other engineering products to international aerospace and industrial clients. With a strong export-oriented model, the company has built long-term partnerships with global manufacturers.
Aequs IPO Details
Key IPO parameters include:
• IPO opening date: 3 December
• IPO closing date: 5 December
• Total issue size: Approximately ₹921 crore (fresh issue plus Offer for Sale)
• Price band: ₹118 to ₹124 per share
• Lot size: 120 shares
• Minimum retail investment: Around ₹14,880 at upper band
• Face value: ₹1 per share
• Allotment date: 8 December
• Expected listing date: 10 December
The fresh issue proceeds will be used for expansion, working capital and debt reduction.
Subscription Breakup
Aequs ended the IPO window with strong participation:
• Overall subscription: 101.63 times
• Retail category: Very strong interest
• Non institutional investors: Heavy oversubscription
• Qualified institutional buyers: Significant demand in later hours
This level of subscription indicates confidence in the company’s specialised industry, export stability and long term expansion capabilities.
Why Aequs Attracted Such High Demand
Several factors contributed to overwhelming subscription:
• Global aerospace demand is rising
• India is gaining attention as a precision manufacturing hub
• Aequs has strong relationships with international clients
• The business has high entry barriers due to technical requirements
• Revenue visibility is supported by long term contracts
These elements make the company attractive to investors seeking exposure beyond consumer sectors.
GMP Trend And Listing Sentiment
Grey market discussions suggested a healthy premium over the issue price. Although unofficial, such premiums often reflect market confidence and expected listing behaviour. With such high subscription levels, the IPO is expected to list with positive momentum provided broader market conditions remain stable.
Risks Investors Should Note
• High dependency on export markets
• Exposure to global aerospace cycles
• Need for consistent quality adherence
• Expansion challenges in high precision manufacturing
Despite these risks, Aequs’ strong track record and rising global outsourcing trends support long term optimism.
Conclusion
Aequs concluded its IPO with an impressive 101.63 times subscription, reflecting strong investor confidence in its business direction. For those tracking manufacturing opportunities and the expansion of global supply chains, Aequs represents a growth story with increasing visibility across automotive and aerospace components. The company’s established client relationships, strategic capacity expansion, and focus on export markets add to its potential for consistent performance after listing. While market conditions will continue to play a role, the encouraging subscription numbers indicate that investors expect steady progress and long term value creation as the company scales and executes its growth plans.
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
