Aequs IPO: ₹124 Shares List at ₹140, 12.90% Profit

• Aequs IPO shares listed at ₹140, a 12.90% premium over the issue price of ₹124.
• The IPO was oversubscribed 104 times, indicating strong investor interest.
• Aequs shares closed at ₹151.50 on the first day, giving IPO investors a 22.18% gain.
• IPO funds will be used for debt reduction, machinery acquisition, and general corporate purposes.
• Aequs specializes in integrated manufacturing for the aerospace sector, with expansion into consumer electronics and durables.

Why It Matters: Aequs's strong IPO debut despite losses signals investor confidence in its future.