Aequs Ltd, a diversified contract manufacturing company known for its aerospace components and consumer durable solutions, began trading on the stock exchanges with a firm listing premium on Wednesday, December 10.
The stock debuted at ₹140 per share on both the NSE and BSE, marking a 12.9% premium over the IPO price of ₹124. The performance reflects robust investor confidence following one of the most intensely subscribed issues of the recent quarter.
How Much Investors Earned on Listing
Each IPO lot consisted of 120 shares. With the listing at ₹140, investors who received allotment made a listing gain of ₹16,800 per lot, a notable return amid an active primary market environment. (Meesho Shares Make Strong Market Debut, List 46% Above IPO Price on NSE)
A Strongly Subscribed IPO
The three-day share sale attracted exceptional interest, recording 101.63 times subscription. According to NSE data, the issue received bids for 4,27,13,15,160 shares against 4.20 crore shares on offer.
Investor category-wise demand was particularly strong:
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QIBs: 120.92 times subscription
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NIIs: 80.62 times
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Retail investors: 78.05 times
The IPO, valued at ₹921.81 crore, comprised a fresh issue of ₹670 crore and an offer for sale (OFS) of ₹251.81 crore by promoters and existing investors.
Use of IPO Proceeds
Aequs plans to allocate funds raised from the fresh issue toward:
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Loan repayments for the company and subsidiaries AeroStructures Manufacturing India and Aequs Consumer Products
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Machinery and equipment purchases for the aerospace and consumer divisions
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Future growth initiatives, including potential acquisitions and strategic expansion
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General corporate purposes
Analysts believe this capital infusion will strengthen Aequs’ balance sheet while supporting scale expansion across its manufacturing verticals.
High-Quality Anchor Investors Onboard
Ahead of the IPO, Aequs secured ₹413.92 crore from marquee anchor investors. The list included leading domestic and global institutions such as:
SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential MF, Axis MF, Motilal Oswal MF, BlackRock Global Funds, Steadview Capital and Citigroup.
This strong institutional participation set the stage for the overwhelming demand seen during the public offering.
Aequs’ Business Footprint
While Aequs is primarily recognised for its aerospace manufacturing capabilities, it has significantly diversified over the years. Its operations now span:
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Plastics manufacturing
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Consumer electronics
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Consumer durable goods
Industry experts note that the company’s integrated manufacturing ecosystem positions it favourably amid rising global demand for outsourcing in aerospace and electronics.
