
Manufacturing · NSE / BSE
Aequs is a diversified contract manufacturing company that supports large-scale, timely production of complex products for global aerospace and consumer OEMs. It operates through three engineering-led, vertically integrated precision manufacturing ecosystems in India, offering complete “one-stop-shop” solutions. This setup helps improve quality control, reduce costs, shorten lead times, and lower the overall carbon footprint.
Price Band
₹118 – ₹124
Issue Size
₹922 Cr
Lot Size
120 shares
GMP
+16.1%
Est. Listing
₹144
at current GMP
Subscribed
104.28x
overall
Open
3 Dec 2025
Close
5 Dec 2025
Allotment
8 Dec 2025
Refund
9 Dec 2025
Demat Credit
10 Dec 2025
Listing
10 Dec 2025
Overall Subscription
104.28x
Total Demand
QIB Multiplier
122.93x
Institutions & Funds
NII / HNI
83.62x
High Net-Worth
Retail (RII)
80.95x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 22,241,733 | 2,734,134,360 | 122.93x |
| NIB | 11,124,399 | 930,167,880 | 83.62x |
| HNIs(10L +) | 7,416,266 | 592,248,480 | 79.86x |
| HNIs (2-10L) | 3,708,133 | 337,919,400 | 91.13x |
| RETAIL | 7,416,266 | 600,338,160 | 80.95x |
| EMPLOYEES | 176,991 | 6,700,920 | 37.86x |
| Total | 52,083,788 | 5,201,509,200 | 104.28x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 61,802 | 4,151,127 | 67.17x |
| EMPLOYEES | — | 41,952 | 0.00x |
| HNIs(10L +) | 4,414 | 70,172 | 15.90x |
| HNIs (2-10L) | 2,207 | 190,982 | 86.53x |
| Total Applications | 68,423 | 4,454,233 | 65.10x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Aequs Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹921.81 Crores. The shares are offered at a price band of ₹118 to ₹124 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 120 shares (approx. ₹14,880 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-12-10, while un-allotted funds or UPI block mandates will be released on 2025-12-09.
The latest Grey Market Premium (GMP) for Aequs Limited IPO is ₹20 per equity share. Based on the upper price band of ₹118 to ₹124 per equity share, the estimated listing price is ₹144 (+16.1% expected listing gain).
With a lot size of 120 shares and current GMP of ₹20, the expected profit per application lot is approx ₹2,400 (+16.1% gain). Minimum application cost is approx ₹14,880.
The Aequs Limited IPO aggregate issue size is ₹921.81 Crores with an equity price band set at ₹118 to ₹124 per equity share. The retail lot size is 120 shares requiring a minimum capital outlay of approx. ₹14,880.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 104.28x (Retail: 80.95x, QIB: 122.93x, NII: 83.62x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2025-12-08. Investors can verify status using PAN card or application number.
Aequs Limited shares are scheduled to list on NSE and BSE on 2025-12-10.