The issue has received bids for 5.14 crore shares, as against the offer size of 4.20 crore shares, according to data on NSE at 12 pm. Retail investors have shown the most interest so far, booking their reserved portion 5 times.
Airplane parts maker Aequs’ ₹921.81 crore initial public offering (IPO) was fully subscribed on the first day of bidding on Wednesday, December 3, as investors were drawn by the company’s long-term prospects and expansion plans amid a growing backlog of jet orders.
The issue has received bids for 5.14 crore shares, as against the offer size of 4.20 crore shares, according to data on NSE at 12 pm. Retail investors have shown the most interest so far, booking their reserved portion 5 times.
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Aequs’ IPO fully subscribed within hours of opening on Day 1 – CNBC TV18