Aequs IPO closes 102x subscribed; GMP signals strong listing

• Aequs IPO closed on December 5, oversubscribed nearly 102 times its Rs 922 crore offer size.
• Retail investors subscribed 78 times, NIIs 81 times, and QIBs 121 times their respective portions.
• The IPO's Grey Market Premium (GMP) indicated a strong listing, trading around 34.68% above the IPO price.
• Shares were offered in a price band of Rs 118-124, with listing scheduled for December 10 on BSE and NSE.
• Analysts recommended "Subscribe with caution" for long-term investors, noting debt repayment and future profitability.

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