India, Dec. 5 -- Update | December 05, 18:50 IST

Contract manufacturer Aequs' IPO closed today with an overwhelming investor interest. The public offering was oversubscribed 101.63X, receiving bids for 427.1 Cr shares against 4.20 Cr shares available for subscription.

Qualified Institutional Buyers' (QIBs) quota saw the highest oversubscription at 120.92X. These investors placed bids for 273.41 Cr shares against the 2.26 Cr shares reserved for them

Non institutional investors (NIIs) placed bids for 93.02 Cr shares against 1.15 Cr shares on offer, translating to 80.62X subscription. Following NIIs, retail investors placed bids for 60.03 Cr shares against 76.91 Lakh shares reserved for them, translating to an oversubscription of 78.05X....