Aequs IPO Listing: Airplane Parts Maker’s Shares Fly High On Market Debut, Lists At 13% Premium

Summary of this article

Aequs IPO shares listedat Rs 140 apiece, registering a listing gain of 12.90 per cent
On initial investment of Rs 14,880, retail investors, if booked profits at opening price, made gains of Rs 1,920
Aequs IPO was oversubscribed 101.63 times overall

Aequs IPO Listing: Airplane parts maker Aequs Ltd saw a strong start on the D-street on December 10, with its shares listing at a premium of 12.90 per cent. On both the NSE and BSE, the stock opened at Rs 140 per share, up by Rs 16 or 12.90 per cent from the upper end of issue price.

In the unlisted market, Aequs was quoting a grey market premium (GMP) of about Rs 24 per share ahead of its debut, indicating expectations of a strong start. However, the actual listing premium came in lower than the grey market indication.