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GMP cools ahead of Aequs listing as investors await IPO allotment outcome
Cooling grey market trends, regulatory exposure, and valuation considerations kept investors cautious even as Aequs moved toward allotment and listing after raising over Rs 920 crore.
Market participants tracked the Aequs IPO closely as share allotment was scheduled for December 8, with listing set for December 10 on both NSE and BSE. The grey market premium eased to around 30 percent from earlier highs near 37.5 percent, signaling more cautious listing expectations. The IPO was priced in a band of Rs 118 to Rs 124 per share and mobilised Rs 921.81 crore through a mix of fresh issue and offer for sale. The company also reserved shares for employees at a discount.