Overview
- Shares listed at Rs 140 on the BSE and NSE, a 12.9–13% premium to the Rs 124 issue price.
- The stock touched an intraday high of Rs 157 and ended at Rs 151.5 on the BSE and Rs 150 on the NSE, valuing the company at about Rs 10,160.58 crore.
- The IPO was subscribed 101.63 times overall, including 120.92x by QIBs, 80.62x by NIIs, and 78.05x by retail investors.
- The Rs ~922 crore issue was priced in the Rs 118–124 band, comprising a Rs 670 crore fresh issue alongside an offer for sale.
- Aequs plans to use most proceeds to repay borrowings and fund machinery purchases and inorganic growth, while pre‑listing grey‑market indications of a larger pop were unofficial.