Wed Dec 03 04:00:00 UTC 2025: Here’s a summary of the text, followed by a news article format:

Summary:

Aequs Limited, a Belagavi-based precision engineering and manufacturing company, is launching its Rs 921.81 crore IPO on December 3, 2025. The IPO closes on December 5th, with allotment expected on December 8th and listing on December 10th (BSE/NSE). The IPO consists of a fresh issue and an offer for sale. The price band is Rs 118-124 per share. The grey market premium (GMP) has surged to around Rs 43.5, indicating strong investor interest. Brokerages like SBI Securities, Ventura Securities, and Swastika Securities have given positive recommendations for the IPO, highlighting Aequs’ integrated operations, strong order book, attractive valuation relative to peers, and potential for improved profitability after debt repayment. The company secured pre-IPO funding from institutions like SBI Mutual Fund. Retail investors must apply for a minimum of 120 shares (Rs 14,880 at the upper price band). The IPO is being managed by JM Financial, IIFL Capital, and Kotak Mahindra Capital.

News Article:

Aequs IPO Opens Strong Amid Surging Grey Market Premium

Belagavi, India – December 3, 2025 – Aequs Limited, a precision engineering and manufacturing company based in Belagavi, launched its Rs 921.81 crore Initial Public Offering (IPO) today, December 3, 2025. The IPO, which closes on December 5th, has already generated considerable buzz, evidenced by a rapidly climbing grey market premium (GMP).

The issue comprises a fresh issue of shares worth Rs 670 crore and an offer for sale (OFS) totaling Rs 251.81 crore. The price band has been set at Rs 118 to Rs 124 per share. Allotment is expected on December 8th, with a planned listing on the BSE and NSE on December 10th, subject to regulatory approval.

Investor enthusiasm appears strong. The grey market premium has jumped to approximately Rs 43.5, representing a substantial premium above the upper price band of Rs 124.

Several leading brokerages have issued positive recommendations for the Aequs IPO. SBI Securities highlights Aequs’ strong integration within the aerospace component ecosystem, its high barriers to entry, and a substantial order book with major players like Boeing and Airbus. Ventura Securities cites the company’s uniquely vertically integrated operations as a key advantage, while Swastika Securities notes its attractive valuation compared to its peers.

“The IPO proceeds will be utilized for debt repayment, which could strengthen profitability” SBI Securities stated.

Retail investors are required to apply for a minimum lot of 120 shares, requiring an investment of Rs 14,880 at the upper price band. The IPO is being managed by JM Financial, IIFL Capital, and Kotak Mahindra Capital.

Aequs secured Rs 144 crore in pre-IPO funding from institutional investors like SBI Mutual Fund, signalling early confidence in the company’s prospects. Aequs operates as the only company in India to offer fully integrated aerospace manufacturing within a single Special Economic Zone (SEZ).

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