Aequs IPO Sees 101.63x Oversubscription

• Aequs Ltd's IPO received a subscription of 101.63 times on its closing day.
• Qualified Institutional Buyers (QIBs) subscribed 120.92 times, non-institutional investors 80.62 times, and Retail Individual Investors (RIIs) 78.05 times.
• The IPO, valued at Rs 922 crore, had a price band of Rs 118-124 per share and garnered Rs 414 crore from anchor investors.
• Funds from the fresh issue will repay loans, purchase machinery, support growth through acquisitions, and for general corporate needs.
• Aequs is a contract manufacturing firm specializing in consumer durable goods and aerospace parts, with clients including Airbus and Boeing.

Why It Matters: Aequs IPO's massive oversubscription signals strong investor confidence and growth potential.