Airplane parts maker Aequs' ₹921.81 crore initial public offering (IPO) was fully subscribed on the first day of bidding on Wednesday, December 3, as investors were drawn by the company's long-term prospects and expansion plans amid a growing backlog of jet orders.

The issue has received bids for 5.14 crore shares, as against the offer size of 4.20 crore shares, according to data on NSE at 12 pm. Retail investors have shown the most interest so far, booking their reserved portion 5 times.

The Non Institutional Investors' category has been subscribed 1.06 times. QIB section remains unsubscribed.

The IPO of Aequs is open for subscription from December 3 to December 5.

Aequs has fixed a price band of ₹118-124 per share. The grey market premium is around 38%. The minimum bid size is 120

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