Aequs IPO Subscription
ListedUpdated 10 December 2025, 9:15 AM IST· Mainboard
Aequs IPO subscription closed on 5 December 2025 at 104.30x overall by shares. QIB demand came in at 122.93x, NII at 83.62x, and retail at 80.95x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 8 December 2025. Listing date on NSE and BSE is 10 December 2025.
Aequs IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| 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 Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Aequs IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 67.24x | 1 in 67 |
| SHNI (Rs 2L to Rs 10L) | 86.52x | 1 in 87 |
| BHNI (above Rs 10L) | 15.89x | 1 in 16 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Aequs IPO Allotment Status page from 8 December 2025 for your result.
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?
104.30x overall by shares means bids covered about 104 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 122.93x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (39.43x by applications). Split: SHNI 86.52x, BHNI 15.89x by applications. SHNI and BHNI allotment is by lottery.
At 67.24x subscription by applications, about 1 in 67 retail applicants may get allotment (~1% chance per application). Retail allotment is also by lottery.
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 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 (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Aequs IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Aequs IPO Details
Issue size, price, financials, and company info
Aequs IPO GMP
Live grey market premium and listing estimate
Aequs IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Aequs IPO Allotment
Allotment date, chances, and check by PAN
Aequs IPO Review
SWOT, strengths, risks, and IPO review
Aequs IPO FAQ
Common questions on dates, GMP, and allotment
Aequs IPO Registrar
Registrar website and how to check allotment
Aequs IPO Timeline
Open, close, allotment, and listing dates
Aequs IPO News
Updates, blogs, and latest IPO news
Aequs IPO Subscription FAQs
What is Aequs IPO subscription status today?
Aequs IPO subscription closed on 5 December 2025 with overall subscription of 104.30x (by shares) as of 12 August 2026, 12:01 AM IST. QIB 122.93x, NII 39.43x, Retail 67.24x.
What is the overall subscription of Aequs IPO?
Aequs 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 QIB subscription?
Aequs IPO QIB (Qualified Institutional Buyers) subscription is 122.93x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Aequs IPO Retail subscription?
Aequs IPO Retail subscription is 67.24x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Aequs IPO NII, SHNI, and BHNI subscription?
Aequs IPO NII subscription is 39.43x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 86.52x and BHNI (above Rs 10L) at 15.89x.
What are Aequs IPO retail allotment chances?
At 67.24x subscription by applications, about 1 in 67 retail applicants may get allotment (~1% chance per application). Allotment is by lottery. Share subscription was 80.95x. Allotment chances use applications, not share volume.
What are Aequs IPO SHNI allotment chances?
At 86.52x subscription by applications, about 1 in 87 SHNI applicants may get allotment (~1% chance per application). Allotment is by lottery. Share subscription was 91.13x. Allotment chances use applications, not share volume.
What are Aequs IPO BHNI allotment chances?
At 15.89x subscription by applications, about 1 in 16 BHNI applicants may get allotment (~6% chance per application). Allotment is by lottery. Share subscription was 79.86x. Allotment chances use applications, not share volume.
When is Aequs IPO allotment date?
Aequs IPO allotment date is 8 December 2025. Check Aequs IPO Allotment Status on IPOwiz from that day using your PAN.
When does Aequs IPO subscription close?
Aequs IPO subscription closed on 5 December 2025. No new applications are accepted after the close.
What is Aequs IPO GMP today?
Aequs 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 issue price and lot size?
Aequs 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 listing date?
Aequs IPO listing date is 10 December 2025 on NSE and BSE. Allotment is on 8 December 2025.
How does subscription affect Aequs IPO allotment?
In Aequs IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. 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.
Sources
We match Aequs IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, and How allotment chances work.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.