New Delhi, Dec. 13 -- If you're keeping up with the news about the Indian IPO market, you would be aware of Aequs Ltd.

The aerospace manufacturing company hit the primary market with its IPO last week, and what an IPO it's turning out to be.

Between 3 and 5 December, the company received bids from investors for 4,271.3 million shares. This was against the 42 million shares it offered. That's an oversubscription of 101.63 times.

As per media reports, the qualified institutional buyers (QIB) category was subscribed 120.92 times, the non-institutional investors (NII) category was subscribed 80.62 times, and the retail individual investors (RII) category was subscribed 78.05 times.

The IPO valued the company at Rs.8,300 crore.

When there...