Aequs IPO Opens for Subscription: Key Details, Broker Views, and Financial Highlights Revealed
Market
C
CNBC TV18•03/12/2025
Aequs IPO Opens for Subscription: Key Details, Broker Views, and Financial Highlights Revealed
- •Aequs Ltd. opens its ₹921.81 crore IPO for subscription from December 3 to December 5.
- •The IPO includes a fresh issue of 5.40 crore shares worth ₹670 crore and an offer for sale of 2.03 crore shares amounting to ₹251.81 crore.
- •The company raised ₹413.9 crore from anchor investors, including major mutual funds and investment houses.
- •Brokerages have mixed recommendations: SBI Securities and Anand Rathi suggest subscribing, while Angel One advises caution.
- •Net proceeds will be used for debt repayment, machinery purchases, acquisitions, and strategic initiatives.
Why it matters: Aequs IPO's success could boost India's position in global aerospace manufacturing.
✦
Related Articles
Loading more articles...
