The initial public offering of Karnataka-based precision manufacturing company Aequs Ltd kicked off for public subscription on Tuesday, December 3, 2025.

The Rs 921.81 crore book-built issue has drawn early attention in the grey market, where shares are trading at a solid premium even before the opening bell. Investors have three days to apply, with the issue closing on Thursday, December 5.

Aequs IPO: Price Band, Lot Size And Allotment Date

The company has fixed the price band at Rs 118 - Rs 124 per equity share. Retail investors can bid for a minimum of 120 shares, which translates to an application value of Rs 14,880 at the upper end of the band.

For the high-net-worth category, the minimum application size jumps significantly: small NII (sNII) investors must apply for at least 14 l

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