Aequs IPO 104.3x Subscribed, GMP 36.29%; Allotment Dec 8

• Aequs IPO received a 104.3x subscription on Day 3, with strong interest across all investor categories.
• The contract manufacturing firm's IPO, priced at Rs 118-124, closed on December 5.
• Allotment for the Aequs IPO is set for December 8, with listing on BSE and NSE on December 10.
• Aequs IPO's Grey Market Premium (GMP) is Rs 169, indicating a potential 36.29% premium over the issue price.
• Funds from the Rs 921.81-crore IPO will be used for debt repayment, machinery, acquisitions, and general corporate purposes.

Why It Matters: Aequs IPO's massive oversubscription and high GMP signal potential investor profits.