The aerospace and consumer-focused manufacturing company has raised its IPO price band to Rs. 118-124 per equity share has been fixed.
A public issue of Rs. 251.81 crore with an offer for sale (OFS) of 2.03 crore shares totaling Rs. 670 crore including fresh issue of 5.40 crore shares.
On the upper band, the total issue size is around Rs. 921.72 crores. The subscription window will be open from December 3 to December 5.
Aequs IPO GMP: As of November 28, the IPO’s gray market premium (GMP) stood at Rs. 25, which was Rs. This translates to a 20.16% premium over the upper price band of 124. Based on this GMP, the estimated listing price per share is Rs. 149 may be around.
The minimum bid lot for the Aequs IPO for retail investors is 120 shares. This means that the minimum investment – ​​calculated on the upper price band – is Rs 14,880 for a lot. For non-institutional investors, sNII category must apply for a minimum of 14 lots (1,680 shares), including Rs. 2,08,320 investment required.
Eligible employees under the employee reservation segment will receive Rs. 11 will receive a special discount, reducing their effective purchase price to Rs. 107-113 per share will do.
Aequs IPO Key Dates
The Aequs IPO will open for subscription on December 3 and close on December 5. The allotment of shares in the offer is expected to be decided on December 8, with the company’s shares to be listed on BSE and NSE on December 10.
Aequs Pre-IPO Placement
Ahead of the public issue, Aequs offered leading institutional investors Rs. 123.97 by issuing shares at Rs. 144 crore completed pre-IPO placement. Participants include SBI Mutual Fund (Optimal Equity and Emerging India Funds), DSP India Fund and Think India Opportunities Master Fund.
This early investor interest may signal strong potential demand for IPOs, particularly from institutional buyers.
About Aequs
Aequs is a precision engineering firm specializing in aerospace components and consumer goods manufacturing. Its vertically integrated operations and global OEM relationships provide it with a strong competitive advantage in high-tolerance manufacturing solutions.
On the financial front, the company’s losses widened to Rs. 102 crores, which in the previous year was Rs. 14.24 crores. Total revenue also declined marginally by 3%, to Rs. 988 crores down to Rs. 959 crores.
IPO Lead Manager and Registrar
The issue is managed by JM Financial, IIFL Capital and Kotak Mahindra Capital, with KFin Technologies Limited serving as registrar.
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