Aequs IPO Subscription Status
Aequs IPO closed on 5 December 2025 with an overall subscription of 104.30x based on shares applied. QIB demand came in at 122.93x, NII at 83.62x, and retail at 80.95x.
Allotment will be finalised on 8 December 2025. The stock is scheduled to list on NSE and BSE on 10 December 2025.
Issue Price
Rs 124.00
GMP Today
Rs 24.00 (+19.35%)
Overall Subscription
104.30x
Issue Size
₹921.81 Cr
Allotment Date
8 Dec 2025
Listing Date
10 Dec 2025
Aequs IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 124.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 275.80 Cr | Rs 33,903.27 Cr | 122.93x |
| FII | - | Rs 11,796.32 Cr | - |
| DFI | - | Rs 14,079.00 Cr | - |
| Mutual Funds | - | Rs 2,580.92 Cr | - |
| Other | - | Rs 5,447.03 Cr | - |
| NII | Rs 137.94 Cr | Rs 11,534.08 Cr | 83.62x |
| bNII (above Rs 10L) | Rs 91.96 Cr | Rs 7,343.88 Cr | 79.86x |
| Corporate | - | Rs 126.90 Cr | - |
| Individual | - | Rs 6,900.02 Cr | - |
| Other | - | Rs 316.96 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 45.98 Cr | Rs 4,190.20 Cr | 91.13x |
| Corporate | - | Rs 14.84 Cr | - |
| Individual | - | Rs 4,000.70 Cr | - |
| Other | - | Rs 174.66 Cr | - |
| Retail | Rs 91.96 Cr | Rs 7,444.19 Cr | 80.95x |
| Cut-off price | - | Rs 6,235.51 Cr | - |
| Fixed price | - | Rs 1,208.68 Cr | - |
| Employee | Rs 2.19 Cr | Rs 83.09 Cr | 37.86x |
| Cut-off price | - | Rs 70.71 Cr | - |
| Fixed price | - | Rs 12.38 Cr | - |
| Total | Rs 507.90 Cr | Rs 52,964.62 Cr | 104.28x |
Aequs IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 2,22,41,733 | 1,561 | 0.00x |
| FII | - | 80 | - |
| DFI | - | 56 | - |
| Mutual Funds | - | 33 | - |
| Other | - | 1,392 | - |
| NII | 6,622 | 2,61,112 | 39.43x |
| bNII (above Rs 10L) | 4,415 | 70,155 | 15.89x |
| Corporate | - | 1,074 | - |
| Individual | - | 66,012 | - |
| Other | - | 3,069 | - |
| sNII (Rs 2L to Rs 10L) | 2,207 | 1,90,957 | 86.52x |
| Corporate | - | 579 | - |
| Individual | - | 1,82,213 | - |
| Other | - | 8,165 | - |
| Retail | 61,802 | 41,55,680 | 67.24x |
| Cut-off price | - | 34,63,705 | - |
| Fixed price | - | 6,91,975 | - |
| Employee | 1,475 | 41,791 | 28.33x |
| Cut-off price | - | 36,244 | - |
| Fixed price | - | 5,547 | - |
| Total | 2,23,11,632 | 44,60,144 | 0.20x |
What Do These Subscription Numbers Mean?
A subscription of 104.30x by shares means the IPO received bids for 104 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 122.93x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 122.93x, it reflects serious institutional conviction.
NII at 39.43x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 15.89x and sNII at 86.52x by applications. Share subscription was 83.62x. Allotment uses application count, not share volume.
At 67.24x subscription by applications, approximately 1 in 67 retail applicants can expect an allotment (~1% per application). Retail allotment is done by lottery when oversubscribed. Share subscription was 80.95x. Allotment uses application count, not share volume.
At 28.33x subscription by applications, approximately 1 in 28 employee applicants can expect an allotment (~4% per application). Employee reservation uses the same lottery logic as retail when oversubscribed.
Aequs IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 67.24x.
- •Allotment odds: about 1 in 67 (~1% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •Share subscription was 80.95x. Allotment uses application count, not share volume.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 86.52x.
- •Allotment odds: about 1 in 87 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 91.13x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 15.89x.
- •Allotment odds: about 1 in 16 for a minimum-lot application (~6% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 79.86x. Allotment uses application count, not share volume.
Check the Aequs IPO Allotment Status page from 8 December 2025 for your allotment result.
Aequs IPO GMP After Subscription
GMP for Aequs IPO stands at Rs 24.00 today, giving an estimated listing price of Rs 148.00 per share.
The GMP has moved up from Rs 18.00 on 27 Nov 2025 to Rs 34.00 on 8 Dec 2025.
A subscription of 104.30x combined with a GMP of 19.35% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Aequs IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Aequs IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 3 Dec 2025 | 0.68x | 3.55x | 12.16x | 3.56x |
| Day 2 - 4 Dec 2025 | 0.75x | 17.50x | 34.57x | 11.49x |
| Day 3 - 5 Dec 2025 | 122.93x | 83.61x | 81.03x | 104.30x |
Aequs IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 3 December 2025 |
| IPO Close Date | 5 December 2025 |
| Allotment Date | 8 December 2025 |
| Refund Initiation | 9 December 2025 |
| Share Credit to Demat | 9 December 2025 |
| Listing Date | 10 December 2025 |
| Minimum Investment | Rs 14,880.00 |
| Lot Size | 120 shares |
About Aequs IPO
Aequs is a precision component manufacturer specializing in fully vertically integrated production for the Aerospace Segment, operating out of a single Special Economic Zone (SEZ) in India. It is among the largest aerospace product portfolio holders in India, supplying parts for engines, landing systems, and assemblies for programs like A220, A320, B737, and B787. Aequs is distinguished by its specialized metallurgy skills, particularly in machining high-end alloys like titanium.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Aequs IPO Subscription FAQs
What is Aequs IPO IPO subscription status today?
Aequs IPO IPO subscription closed on 5 December 2025 with overall subscription of 104.30x (by shares) as of 27 June 2026, 3:01 AM IST. QIB 122.93x, NII 39.43x, Retail 67.24x.
What is the overall subscription of Aequs IPO IPO?
Aequs IPO IPO is subscribed 104.30x overall by shares at close on 5 December 2025. QIB 122.93x, NII 39.43x, and Retail 67.24x.
What is Aequs IPO IPO QIB subscription?
Aequs IPO IPO QIB (Qualified Institutional Buyers) subscription is 122.93x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Aequs IPO IPO Retail subscription?
Aequs IPO IPO Retail subscription is 67.24x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Aequs IPO IPO NII subscription?
Aequs IPO IPO NII (Non-Institutional Investors) subscription is 39.43x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Aequs IPO IPO for retail?
At 67.24x subscription by applications, approximately 1 in 67 retail applicants can expect an allotment (~1% per application). Allotment is done by lottery. Share subscription was 80.95x. Allotment uses application count, not share volume.
When is Aequs IPO IPO allotment date?
Aequs IPO IPO allotment date is 8 December 2025. Check Aequs IPO Allotment Status on IPOwiz from that day using your PAN.
When does Aequs IPO IPO subscription close?
Aequs IPO IPO subscription closed on 5 December 2025. No new applications are accepted after the close.
What is Aequs IPO IPO GMP today?
Aequs IPO IPO GMP is ₹24 today (+19.35% over issue price ₹124). See live GMP on the Aequs IPO GMP Today page.
What is Aequs IPO IPO issue price and lot size?
Aequs IPO IPO issue price is ₹124 per share. Lot size is 120 shares. Minimum investment is ₹14,880 per lot. Issue size: ₹921.81 Cr.
When is Aequs IPO IPO listing date?
Aequs IPO IPO listing date is 10 December 2025 on NSE and BSE. Allotment is on 8 December 2025.
How does subscription affect Aequs IPO IPO allotment?
Allotment odds in Aequs IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 39.43x by applications means roughly 1 in 39 for minimum-lot bids; bNII at 15.89x (~1 in 16). At 104.30x overall, competition is very high.
For allotment results from 8 December 2025, visit the Aequs IPO Allotment Status page. For listing day updates on 10 December 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.