India, Dec. 3 -- Updated | December 03, 19:05 IST

Aequs' IPO opened to robust demand on Day 1 with the issue getting oversubscribed 3.4X. Investors placed bids for 14.4 Cr shares against the 4.2 Cr shares available.

The strong subscription came from retail investors, who oversubscribed their quota 11.46X. These investors placed bids for 8.81 Cr shares against 76.91 shares reserved for them.

The non institutional investor (NII) portion was oversubscribed 3.4X, with these investors placing bids for 3.92 Cr shares against 1.15 Cr shares on offer. Within this, investors with a bidding amount of over INR 10 Lakh applied for 2.2 Cr shares, while those bidding for shares between INR 2 Lakh to INR 10 Lakh applied for 1.7 Cr shares.

Meanwhile,...