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Aequs Ltd IPO Sees Strong Investor Demand After Pre-IPO Funding Boost
Bengaluru, India – December 5, 2023 – Precision component manufacturer Aequs Ltd is experiencing strong investor interest in its initial public offering (IPO), which opened on Wednesday. The Rs 921.8 crore IPO was oversubscribed three times on its first day, demonstrating significant demand.
This positive reception follows a successful pre-IPO funding round where Aequs secured approximately Rs 144 crore from prominent investors including SBI Funds Management, DSP India Fund, and Think India Opportunities Fund. The IPO consists of a combination of fresh shares and an offer for sale (OFS) by existing shareholders.
Aequs has set the price band for the IPO at Rs 118-124 per share. The public issue will remain open for subscription until December 5th. The strong initial response suggests confidence in Aequs’ growth prospects and its position in the precision component manufacturing sector.
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