UPSCSSCBANKINGSTATE-PSC
Aequs IPO with Rs 921.8 crore, listing on December 10, saw strong investor interest.
Summary
Aequs' IPO, valued at Rs 921.8 crore, has generated significant investor interest, reflected by a 30% grey market premium. The IPO was oversubscribed by 104 times, indicating strong demand despite the company's financial performance. The listing is scheduled for December 10.
Key Points
- Aequs IPO size: Rs 921.8 crore
- Grey Market Premium (GMP): 30%
- Subscription: Over 104 times
- Listing Date: December 10
Full Article
Aequs’ Rs 921.8 crore IPO has garnered strong investor interest, with shares commanding a 30% grey market premium ahead of the December 10 listing. The issue was subscribed over 104 times, backed by robust QIB demand, even as the company’s recent financials show losses and muted revenue growth.
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