Aequs IPO Analyzed
Key Points
- Aequs raised ₹921.81 crore in its IPO.
- Investors were 101.63 times oversubscribed, mainly by QIBs.
- Grey market premium suggests a potential listing near ₹152.
- Funds will be used for debt repayment and growth investments.
- Investors are waiting for the shares to list on Dalal Street.
- Grey market data is unreliable, use with caution.
Aequs, a company that makes parts for airplanes, is going public on December 10, 2025. This means they are selling shares to the public for the first time. The initial sale raised a significant ₹921.81 crore, which is a lot of money!
IPO Details
The company sold 54 million new shares and 20.3 million shares already owned by others. The price for each share was between ₹118 and ₹124. Investors really wanted these shares, as they were oversubscribed 101.63 times.
Key investors, like SBI Mutual Fund and BlackRock, bought a large portion of the shares. They bought so many shares (120.92 times their quota!) that they quickly sold them out.
Before the IPO, Aequs already raised ₹414 crore from 33 investors who agreed to buy shares at ₹124 each. This was done before the main sale started.
The grey market – where shares trade before they are officially listed – showed a strong premium. Unlisted shares were trading at around ₹152 per share, which is 22.6% higher than the IPO price. This suggests the shares could list near this price, offering a 23% gain for investors.
However, experts warn that grey market prices aren’t always accurate. They are unofficial and shouldn’t be the only thing investors consider.
The money Aequs gets from the IPO will be used to pay off debts, invest in new businesses, and buy equipment. Specifically, ₹433.17 crore will go to paying off debts, and the rest will be split between new companies and investments in equipment.
“Investors should carefully consider the grey market data alongside other information before making their decisions.”
