Aequs IPO price band is established at ₹118 to ₹124 per share. Aequs IPO size is ₹921.81 crore. The mainboard IPO comprises a combination of fresh issue of 5.40 crore equity shares worth ₹670 crore, and an offer-for-sale (OFS) component of 2.03 crore shares totaling to ₹251.81 crore.
Aequs IPO: Aequs Ltd is expected to launch its initial public offering (IPO) on Wednesday with a goal to earn about ₹922 crore from primary market. Aequs is the only precision component manufacturer in India operating within a single Special Economic Zone to offer completely vertically integrated production capabilities in the aerospace market.
The company is also engaged in the manufacturing of consumer electronics, plastics and consumer durables. Here are essential details of Aequs IPO:
Details about Aequs' IPO
Aequs IPO Dates: Aequs IPO opens for subscription on Wednesday, December 3, and will conclude on Friday, December 5.
Aequs IPO Price Band: Aequs IPO price band is set at ₹118 to ₹124 per share.
The Aequs IPO lot size is 120 shares, and individual investors must invest a minimum of ₹14,880.
Aequs IPO Details: Aequs IPO size is ₹921.81 crore. The mainboard IPO comprises a combination of fresh issue of 5.40 crore equity shares worth ₹670 crore, and an offer-for-sale (OFS) component of 2.03 crore shares totaling to ₹251.81 crore.
Aequs IPO Reservations: The business has set aside 15% of the net offer for non-institutional investors (NII), 10% for retail investors, and 75% for qualified institutional buyers (QIB).
Dates of Aequs IPO Allotment and Listing: The IPO listing date is December 10, while the IPO allotment date is probably December 8. The BSE and NSE stock exchanges will list Aequs shares.
Aequs IPO Objectives: The company plans to utilise the net issue proceeds for repayment, in full or in part, of certain outstanding borrowings and prepayment penalties, funding capital expenditure to be incurred on account of purchase of machinery and equipment, funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes.
Aequs IPO BRLM, Registrar: JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the Aequs IPO registrar.
Aequs IPO GMP Today
Aequs shares are earning a significant grey market premium (GMP today. Websites that monitor the grey market claim that Aequ's IPO GMP is currently ₹44.5 per share. This shows that Aequs shares are trading ₹44.5 more than their issue price on the grey market.
The stock is currently trading for ₹168.5 per share on the gray market, which is 35.89% more than the issue price of ₹124 per share, according to Aequs IPO GMP.
Aequs IPO Review
Aequs Ltd has established itself in the worldwide commercial aviation component ecosystem, an industry which has substantial entry barriers. Boeing and Airbus, two of the top OEMs, have sizable aircraft order books, which could result in a strong demand for parts.
“The Aerospace segment is operationally profitable with consistently improving EBITDA margin. The expected debt repayment from the IPO proceeds will result in large savings on interest expense which should also result in the company turning profitable at the PAT level. Aequs stock is worth 8.7x EV/Sales on post-issue capital at the upper price range of ₹124. We suggest investors to Subscribe to the issue at the cut-off price,” said SBI Securities.
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