Aequs IPO sees robust 11x demand ahead of closing day

Aequs Ltd’s IPO reached 11.10x subscription on Day 2, driven by strong demand in its aerospace contract manufacturing segment. The issue, priced at b per share, received bids for 46.66 crore shares against 4.20 crore offered. GMP rose about 33%, hinting at a possible premium listing. Final bidding closes on December 5 as investors eye expansion in precision components.