Aequs IPO
Aerospace/Defense - Listed on 10 December 2025
Aequs IPO listing summary
Aequs (Aerospace/Defense) closed its IPO window in 2025 and listed on NSE and BSE on 10 December 2025 at an upper band issue price of Rs 124, opening at Rs 140 for a listing gain of +12.9% and closing day one at Rs 151.29 (+22.0% on closing basis). The IPO was subscribed 101.63x overall - QIB 120.92x, HNI/NII 80.62x, Retail 78.05x. The total issue size was Rs 921.81 Cr (Fresh Issue Rs 670 Cr, OFS Rs 251.81 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Aequs IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 44 | +35.48% |
| Day 2 | Rs 44 | +35.48% |
| Day 3 | Rs 48 | +38.71% |
| Day 4 | Rs 45 | +36.29% |
| Day 5 | Rs 43 | +34.68% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Aequs IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Aequs IPO - FAQs
What was the listing gain of Aequs IPO?
Aequs IPO listed at +12.9% versus the upper issue price of Rs 124 on 10 December 2025.
How many times was Aequs IPO subscribed?
Aequs IPO was subscribed 101.63x overall. QIB portion was subscribed 120.92x, HNI / NII 80.62x and Retail 78.05x.
What was the IPO GMP for Aequs?
IPO GMP started at Rs 44 on Day 1 and moved to Rs 43 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.