Aequs Ltd IPO: Subscription Surges 3x on Day 1, Retail Demand Soars

Aequs Ltd's IPO saw an impressive response on Day 1, with the offer booked over 3 times, driven by strong retail interest. The ₹921.8 crore IPO, which comprises a ₹670 crore fresh issue and a ₹251.81 crore offer for sale, opened with a price band of ₹118–124 per share. The grey market premium (GMP) surged to 36%, reflecting significant investor enthusiasm. Retail investors, who can apply in minimum lots of 120 shares (₹14,800 investment), showed substantial demand, subscribing 11.46x the allocated quota.