Aequs’ shares debuted on the stock market on Dec 10 at ₹396, marking a 13% premium over its IPO price of ₹350.
Despite this positive listing, the stock fell short of grey market expectations, which had predicted a higher premium. The company’s IPO had garnered strong investor interest, being subscribed multiple times.
Aequs, an aerospace and engineering services firm, aims to leverage this listing to strengthen its market presence and fund expansion plans, including scaling operations and exploring new business opportunities.Analysts noted that while the listing was encouraging, it highlighted a gap between market anticipation and actual investor response.