Kolkata: Rarely it so happens that two IPOs that open on the same day receive enthusiastic response — both overall and at the retail level — on the very first day of the bidding process. But that has happened to both Aequs IPO and Vidya Wires IPO which were flagged off on Wednesday. Vidya Wires IPO is designed to raise Rs 300 crore through a combination of fresh shares (Rs 274 crore) and an OFS segment (Rs 26 crore).

On the other hand, Aequs IPO of Rs of Rs 921.81 crore via a combination of fresh issue of 5.40 crore shares aggregating to Rs 670 crore and offer for sale of 2.03 crore shares aggregating to Rs 251.81 crore.

Subscription level of Aequs IPO and Vidya Wires IPO

On the first day of the bidding process, Aequs IPO was subscribed 3.56 times — 12.16 times in the retail category

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